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Eric Balchunas reports that Rick Rieder's BINC has become the fastest growing active bond ETF in history. It reached $15 billion in just 644 days, nearly twice as quickly as JPST, the previous leader in the category. This makes BINC the third fastest among active ETFs overall, trailing only JEPQ and JEPI.
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BINC’s record-setting ascent highlights intensifying competition within the active bond ETF space—a dynamic reflected in Eric Balchunas’s detailed assessment of ETF market maker shares and their evolving influence. The rapid asset accumulation further invites renewed debate on the role of ETFs during periods of financial stress, an issue Balchunas has examined in discussions challenging the extent to which ETFs are to blame for market selloffs.