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Eric Balchunas, senior ETF analyst at Bloomberg Intelligence, reports that active ETFs are collecting 38% of fund flows in the U.S., even though they only hold a 12% share of the U.S. market.
In comparison, active ETFs in Europe take in just 8% of flows despite a 3% market share. Balchunas highlights that the U.S. has a greater concentration of higher-cost active ETFs, resulting in notably higher relative revenue than in Europe.
Balchunas has previously commented on major ETF milestones, noting when VOO became the first ETF to reach $1 trillion in assets. He has also drawn market parallels, comparing movements in Bitcoin after Saylor’s sale to the historic taper tantrum response. These observations reflect his ongoing coverage of shifts in ETF and digital asset flows.