For real though I busted my butt over past 2yrs writing a deep yet colorful dive into the impact/story/future of Vanguard intertwined w character study of Bogle feat exclusive intvs w him and 50 other ppl incl Buffett, Micheal Lewis et al. Check it out:

ONE TRILLION and with 2.5 months to go.. 🔥

3x and You're Out: A Bad Day Can Kill a Fund But the Degens Don't Care... There are 66 unique stocks in the proposed 3x ETF filings, looking back over 5yrs it shows 350 instances in which one of them swung by over 33% in either direction -- enough to wipe out a 3x product

This isn't exactly true, they only shutting some channels down in UK, but it 'feels' right doesn't it? 40 years, a good run, but it's over. Hard to overstate how imp it was in the '80s and '90s for my gen. Highly recommend the book "I Want My MTV" an oral history of the network

The other thing re China is the govt is buying crap load of ETFs. Thats always nice to have. $180b of buying so far I believe.

‘Chinese stocks is going to take the place of property as the primary investment for Chinese citizens’ - Hao Hong (big strategist/influencer on WeChat) re why he thinks China stocks are good bet for next decade. Via Bbg HK ETF event

“I don’t think most ppl really understand just how expensive crypto native services are. With ETFs I can get exposure for 25bps and 2bps to trade. Crypto ETFs going to be massive growth area in Asia in the next five years. Could be 10-20% of all the assets.” - Aleksey Mironenko,

“The cheapest ETF in HK that tracks US stocks is 28bps” good stat re why allocators in the region use London or US listed ETFs instead of local. Vanguard Effect still very early here. Via panel w/ @RebeccaSin_SK at our HK ETF event.

God damn does it feel good finally kicking jet lag. I was like half a person for two days. Zombie Eric. Went to bed at 7pm last night.

The Flippening, ETF style there’s now more active ETFs than passive ones. Hard to believe from where we were 20yrs ago but that’s not much white space left in passive. That said, active only has 10% of the assets. But they growing fast.

Solana spot fee 30bps, staking fee 28bps. Seems reasonable, love how clear they make it too, people need to be able to compare and contrast quickly. Solana ETF fees being this low off the bat good sign, will make them very attractive vs other funds & intermediaries out there.

As 'same energy' as you can poss get

VolShares filed for 5x single stock and crypto ETFs incl COIN, CRCL, GOOG, MSTR, NVDA, PLTR, TSLA, Bitcoin, Ether, Solana, XRP... They haven't even approved 3x and VolShares is like let's try 5x. Maybe an option on long term govt shutdown (if no govt in 75 days they can

ETFs are going to hit $1T by the end of the week prob given their $30b a week pace lately, and virtual lock to break last year's $1.1T haul. Also check out the $180b in 1M.. if it were calendar month would be all-time record. Just a torrent of cash.

Saw this in our team chat this morning when I woke up (in Asia). Guessing stocks rebounded big. Shocker!

https://t.co/E7udQZJ7hV

Here's how I put it in The Bogle Effect

I’ve been saying the same thing for years. Big Short made top calling cool. But it was the uncool buy-and-hold optimists who got rich. I call it The Big Long.

And Shanghai on 10/21 and that’s it.

Register for our Beijing ETF event on 10/20 here

Register for ETFs in Depth (first ever Asia version in Taiwan in 10/16 here