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Markets & the Economy: Relief Rally?

This content does not reflect any recommendations of Baird.

A stressed market can and will trade fast & loose to exploit technical/sentiment extremes and in search of buyers/sellers with conviction. What the action mostly reveals is the market’s strong and clear preference for the administration to unilaterally disarm to end the trade war it started.

Add it to the ETF Line Up

New Launches: (week ending 4/25) a few highlights…

GraniteShares launches new leveraged, Single stock EV funds…

  • RVNL~ Granite 2x Long RVIN ETF
  • LCDL~ Granite 2x Long LCID ETF

A 2x GameStop ETF debuted, first of its kind, from T-Rex~ TMEU; great opening day with over $4m in volume

  • More than NVDL & TSLL did their 1st day and those 2 are now multibillion ETFs

New Filings: Vanguard

Vanguard files for 3 US government fixed income ETFs

  • Vanguard Total Inflation Protected Securities ETF
  • Vanguard Government Securities Active ETF
  • Vanguard Total Treasury ETF

ETF Check Up: etf.COM Awards, Gold, Bitcoin & Crypto, VOO

The 2025 etf.com Award Winners were revealed; a few highlights…

  • Lifetime Achievement Award: Rob Arnott Founder & Chairman of Research Affiliates
  • ETF of the Year: VOO~ Vanguard SP 500 ETF
  • Best New ETF: IBIT ~ iShares Bitcoin Trust
  • ETF Issuer of the Year: Capital Group
  • Active ETF of the Year: JAAA~ Janus Henderson AAA CLO ETF
  • Best New Active ETF: QQQI~ Neos Nasdaq 100 High Income ETF
  • Emerging Markets ETF of the Year: ARGT~ Global X MSCI Argentina ETF
  • Best New ETF Ticker: HODL~ VanEck Bitcoin ETF
  • Best Client Service Provider of the Year: Tidal

Welcome GLD as the newest member to the $100B club

  • The 12th ETF to join this group & the 1st commodity ETF to make it in
  • Amazing that GLD had $50B only 18 months ago

Screenshot of stock tickers and flows

No Second best? Bitcoin ETFs command 90% of all the crypto fund assets globally…

  • While a TON of alt/meme coin ETFs may hit the market this year, they will only make a minor dent
  • Bitcoin likely to retain at least 80-85% share long term…

Pie chart showing long term share percentage of bitcoin

There are now 72 crypto-related ETFs sitting w the SEC awaiting approval to list or list options…

  • Everything from XRP, Litecoin & Solana to Doge and 2x Melania... Gonna be a wild year

VOO tied for the 2nd best calendar year ever for inflows by an ETF with +$50B- Crazy for 3 reasons…

  • It’s >3x the inflows of any other ETF
  • It’s ONLY April

Screenshot of stock tickers showing VOO having tied for second best calendar year or inflows by an ETF