Let's just start with the broad overview from both of you. Assets under management fell to $130 billion, its lowest level since March of last year. I'm talking about those spot crypto funds.We've seen historic stretches of net outflows. Matt, I want to start with you first. Take us inside this sell-off.What's driving it. >> Yeah, absolutely. You know, the interesting thing about your question, McKenzie, is it's not the ETF investors who are driving the selloff.Assets are down, but most of that is price appr ...

And we're back on halftime. I'm Mackenzie Seagalis with your ETF edge. The recent hard slide in major cryptocurrencies has investors re-examining the entire ecosystem, including the ETFs that track them.Instruments tied to digital assets were expected to be a major source of innovation and expansion for the ETF industry in 2026. Now, that's all in question. Joining me is Will Rin, founder and CEO of Granite Shares.Well, of course there's the general riskoff mentality happening here, but is there more that d ...

And we're back on halftime. I'm Mackenzie Seagalis with your ETF edge. The recent hard slide in major cryptocurrencies has investors re-examining the entire ecosystem, including the ETFs that track them.Instruments tied to digital assets were expected to be a major source of innovation and expansion for the ETF industry in 2026. Now, that's all in question. Joining me is Will Rin, founder and CEO of Granite Shares.Well, of course there's the general riskoff mentality happening here, but is there more that d ...

Core Insights - GraniteShares 2x Long COIN Daily ETF (CONL) has experienced significant volatility, collapsing 31.8% in one week due to a selloff in Bitcoin, which affects crypto-linked equities [2][8] - The ETF's structure amplifies movements in Coinbase Global Inc. (COIN) by two times, leading to greater portfolio destruction for leveraged ETF holders during market turbulence [2][8] Institutional Flows Impact - Institutional money flow is crucial for CONL's performance, with a notable $272 million exiting U.S. spot Bitcoin ETFs on February 4, causing Bitcoin ETF assets to drop below $100 billion for the first time since April 2025 [3][8] - This outflow directly impacts Coinbase's revenue, which relies on active trading for transaction fees, and a reversal in flows is necessary for Coinbase's business recovery [3] ETF Flow Reports - Weekly ETF flow reports from major issuers like BlackRock and Fidelity are essential for tracking net inflows or outflows, with historical data suggesting that significant outflows often coincide with local price bottoms [4] - The collapse on February 5-6 saw a volume spike to 49,371 BTC, indicating market capitulation, and a stabilization or positive turn in flows could lead to a Bitcoin recovery, benefiting Coinbase and CONL [4] Daily Rebalancing Effects - CONL's daily rebalancing structure incurs hidden costs known as leverage decay, which erodes value over time, especially during sideways market conditions [5] - When COIN dropped 15.2% in one week, CONL fell 31.8%, demonstrating that losses are compounded rather than simply doubled due to the nature of daily resets [5] Long-term Performance - Since its inception on August 8, 2022, CONL has faced significant decay during sideways markets, declining 89% from its peak in October 2025 [6] - Timing is critical for traders betting on a crypto recovery, as daily rebalancing can exacerbate losses during downturns, creating hidden costs that diminish returns over time [6]

1. Report's Industry Investment Rating - No information provided regarding the industry investment rating in the report. 2. Core Viewpoints of the Report - FINQ issued two high - concentration AI ETFs last week, with unique investment strategies [2][6]. - In the past week, US domestic stock ETFs had an inflow of nearly $30 billion, while international stock and bond products had outflows. The Nasdaq ETF had an outflow again, the Vanguard S&P 500 ETF had a stable inflow, and BlackRock's small - cap products had an inflow. Among bond products, high - yield bonds had an outflow and investment - grade bonds had an inflow [2][7]. - This year, due to high volatility in the US market, long - volatility products related to the VIX index have performed well, with some products having gains of over 10% [2][10]. - As of December 2025, the total amount of non - money mutual funds in the US decreased compared to November. From January 21 to 28, 2026, domestic stock funds had an outflow, international stock product outflows expanded, and bond product inflows expanded [2][14]. 3. Summary by Relevant Catalogs 3.1 US ETF Innovation Products: FINQ Issues High - Concentration AI ETFs - Last week, there were 18 new ETF products in the US, and new strategy types emerged in single - stock products. GraniteShares launched a new single - stock snowball product, with the annualized snowball return of the NVIDIA - linked product reaching 17.83%. NEOS issued a series of accelerated high - yield ETFs. Tuttle Capital issued a UFO - related product. FINQ issued two AI ETFs, one investing in the top 13 - 16 S&P 500 component stocks scored by an AI model, and the other being a market - neutral ETF holding about 10 stocks with the highest and lowest scores respectively [2][5][6]. 3.2 US ETF Dynamics 3.2.1 US ETF Fund Flows: International Stock and Bond Products Have Outflows - In the past week, US domestic stock ETFs had an inflow of nearly $30 billion, while international products had an outflow. The Nasdaq ETF had an outflow again, the Vanguard S&P 500 ETF had a stable inflow, and BlackRock's small - cap products had an inflow. In the precious metals market, silver ETFs had an inflow and gold ETFs had an outflow. Among bond products, high - yield bonds had an outflow and investment - grade bonds had an inflow [2][7][9]. 3.2.2 US ETF Performance: VIX Index - Related Products Lead in Gains - This year, due to high volatility in the US market, long - volatility products have performed well. For example, the 2 - times long - term VIX index product had a gain of over 15%, and short - term VIX index products had gains of over 10% [2][10]. 3.3 Recent Fund Flows of US Ordinary Mutual Funds - In December 2025, the total amount of non - money mutual funds in the US was $23.64 trillion, a decrease of $0.09 trillion compared to November. According to Wind data, the S&P 500 fell 0.05% in December, and the scale of US domestic equity products decreased by 1.03%. From January 21 to 28, 2026, domestic stock funds had an outflow of $12.849 billion, international stock product outflows expanded to $5 billion, and bond product inflows expanded to $16.7 billion [2][14].

Report Summary 1. Report Industry Investment Rating No industry investment rating is provided in the report. 2. Core Viewpoints - FINQ issued two high - concentration AI ETFs last week in the US, with unique investment strategies [2][8]. - In the past week, US domestic stock ETFs had an inflow of nearly $30 billion, while international stock and bond products had outflows [2][10]. - This year, US market volatility has been high, and long - volatility products related to the VIX index have performed well [2][13]. - In December 2025, the total non - money mutual funds in the US decreased, and from January 21 to 28, domestic stock funds had outflows, international stock product outflows expanded, and bond product inflows increased [2][17]. 3. Summary by Directory 3.1 US ETF Innovation Products: FINQ Issues High - Concentration AI ETF - Last week, there were 18 new ETF products in the US, and single - stock products had a new strategy type. GraniteShares launched new single - stock snowball products, with a potential annualized snowball return of 17.83% for the NVIDIA - linked product. NEOS issued a series of accelerated high - yield ETFs, and Tuttle Capital launched a UFO - related product [7][8]. - FINQ issued two AI ETFs. The FINQ FIRST US Lg Cap AI - Mgd Equity ETF invests in 13 - 16 stocks with the highest scores from an AI model, and the market - neutral ETF holds about 10 stocks with the highest and lowest scores respectively [2][8]. 3.2 US ETF Dynamics - **US ETF Funds: International Stock and Bond Products Have Outflows** - In the past week, US domestic stock ETFs had an inflow of nearly $30 billion, while international products and international bond products had outflows. The Nasdaq ETF had outflows again, Vanguard's S&P 500 ETF had a stable inflow, and BlackRock's small - cap products had an inflow. In the precious metals market, silver ETFs had an inflow and gold ETFs had an outflow. High - yield bonds had outflows, and investment - grade bond products had inflows [2][10][12]. - **US ETF Performance: VIX Index - Related Products Have Top - Ranked Gains** - This year, due to high market volatility in the US, long - volatility products have performed well. For example, the 2x long - term VIX index product has a gain of over 15%, and short - term VIX index products have a gain of over 10% [2][13]. 3.3 Recent US Ordinary Mutual Fund Fund Flows - In December 2025, the total non - money mutual funds in the US were $23.64 trillion, a decrease of $0.09 trillion from November 2025. The S&P 500 fell 0.05% in December, and the scale of domestic stock products decreased by 1.03%. - From January 21 to 28, domestic stock funds had an outflow of $12.849 billion, international stock product outflows expanded to $5 billion, and bond product inflows expanded to $16.7 billion [2][17].

在各类投资产品中，GraniteShares旗下的2倍做空MSTR每日ETF（MSDD）表现尤为抢眼。OEXN表 示，该基金通过提供目标标的每日表现的负200%回报，吸引了大量对冲资金。事实数据表示，MSDD 的股价在周二攀升至114美元的历史巅峰，其过去一年的累计涨幅达到了惊人的275%。与此同时，另一 只同类产品SMST也同步刷新了11个月以来的高点。OEXN认为，这种波动性极强的工具在下跌趋势中 放大了盈利杠杆，但其每日重新平衡的机制也意味着它更适合作为短期战术工具，而非长期持有。 关联资产的价值回归压力 标的资产的颓势是推动做空工具走强的直接动因。作为全球最大的比特币企业持有者，Strategy的股价 目前已较去年11月的543美元峰值大幅缩水76%。OEXN表示，该公司持有的713502枚比特币资产使其 市值与数字货币走势深度绑定。由于比特币今年累计跌幅已达12%，且一度下探至73000美元的关键支 撑位，市场对于此类"代理资产"的杠杆风险产生了高度警惕。OEXN认为，尽管宏观财政政策的边际改 善带动了风险情绪的短期回暖，但加密相关股票的去杠杆进程可能尚未完全结束。 综上所述，反向杠杆ETF的火爆反 ...

Core Insights - The article highlights the top-performing leveraged and inverse ETFs for the week, emphasizing the significant returns driven by market conditions and investor sentiment [1] Group 1: Top Performing Leveraged ETFs - ProShares Ultra Bloomberg Natural Gas (BOIL) led with a 43.71% return due to surging energy prices amid forecasts of a cold snap in the U.S. [1] - GraniteShares 2x Long META Daily ETF (FBL) achieved a 16.81% gain following a strong Q4 revenue report from Meta Platforms, indicating successful AI investments [1] - ProShares Ultra Bloomberg Crude Oil (UCO) recorded an 11.99% increase, influenced by ongoing tensions between the U.S. and Iran [1] Group 2: Top Performing Inverse ETFs - MicroSectors Gold Miners -3X Inverse Leveraged ETNs (GDXD) returned 34.48% as gold prices fell sharply after the nomination of a hawkish Fed Chair candidate [1] - Direxion Daily Junior Gold Miners Index Bear 2X Shares (JDST) gained 28.66%, reflecting the inverse performance of gold miners amid a strong dollar [1] - ProShares UltraShort Ether ETF (ETHD) saw a 17.71% increase as crypto prices dropped due to market uncertainty from a U.S. government shutdown [1]

Core Insights - Active management is a significant growth driver in the ETF market, with nearly 1,000 active ETFs launched in 2025, surpassing the previous record of 584 in 2024 [2] - Despite the launch of 146 active ETFs shutting down, asset managers remain optimistic about continued investor demand and advisor adoption of active products [2] - Active ETFs accounted for approximately one-third of new money invested in ETFs last year, indicating a shift in advisor preferences [3] ETF Market Dynamics - Active ETFs attracted around $475 billion in inflows in 2025, with six firms—JPMorgan, Capital Group, Dimensional, iShares, American Century, and Fidelity—receiving about half of these inflows [3] - The trend of increasing inflows suggests that advisors are becoming more comfortable recommending active ETFs to clients [4] - The most active issuers in the market included GraniteShares, Themes ETF Trust, and Defiance, launching 71, 63, and 59 active ETFs respectively [5] Product Trends - Short-term, trading-oriented funds were the most popular, with over 340 launches last year, focusing on buffer strategies and niche areas [5] - In contrast, only 150 passive ETFs were launched in the same period, highlighting a shift towards active management strategies [5] - Some active ETFs experienced short lifespans, folding shortly after launch, indicating a trial-and-error approach among some issuers [4]

New York, Jan. 30, 2026 (GLOBE NEWSWIRE) -- GraniteShares today announced the weekly distributions for its GraniteShares YieldBOOST FoFs ETFs: YBST and YBTY as shown in the table below. ETF TickerETF NameDistribution FrequencyDistribution per ShareDistribution Rate1,330-Day SEC Yield2ROC4Ex-Date & Record Date5,6Payment Date7YBTYGraniteShares YieldBOOST Top Yielders ETFWeekly$0.3696597.36%n/a0.00%2-Feb-20264-Feb-2026YBSTGraniteShares YieldBOOST Single Stock Universe ETFWeekly$0.3234780.12%n/a0.00%2-Feb-20264 ...