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Eric Balchunas, senior ETF analyst at Bloomberg Intelligence, reports that DRAM and ARKK ETFs attracted the most cash of any ETFs yesterday. A 2x Sandisk ETF also entered the top ten for inflows.
Balchunas adds a humorous note that analyst Todd Sohn is stocking up on canned goods and batteries at Costco in light of these developments.
Balchunas has previously reported that DRAM’s trading volume hit $2.2 billion in a single day, surpassing activity in major companies like Wal-Mart and Boeing, with $3.7 billion in assets under management at the time. In a separate note, he highlighted Corgi’s plan to launch 34 ETFs at once and the firm’s filing of up to 300 more, a move described as unprecedented for an independent issuer. These earlier developments add context to recent ETF inflow shifts.