Top 10 Creations (All ETFs) Top 10 Redemptions (All ETFs) ETF Daily Flows By Asset Class   Net Flows ($, mm) AUM ($, mm) % of AUM Alternatives 32.94 12,524.01 0.26% Asset Allocation 16.61 30,849.51 0.05% Commodities E T Fs -368.89 286,804.08 -0.13% Currency 393.98 191,301.02 0.21% International Equity 1,956.67 2,183,472.03 0.09% International Fixed Income 266.35 348,482.41 0.08% Inverse 29.80 14,516.76 0.21% Leveraged -178.32 ...

Market Trends & Performance - International stocks and ETFs are outperforming the US stock market [1][2] - The MSCI All Country World ex USA Index is up approximately 30% year-to-date, marking its widest outperformance against broad US indexes in 16 years [3] - US dollar weakness, declining about 9% this year, boosts returns of foreign indexes in dollar terms [3] - International stocks are attractively valued after 10-15 years of underperformance versus US stocks [3] ETF Analysis & Diversification - Diversification and better valuation are reasons to consider international stock ETFs [5] - VXUS, a Vanguard ETF, holds 8,700 developed and emerging market stocks excluding the US, with a 005% expense ratio and $111 billion in assets [6] - IVLU, an iShares ETF, focuses on value characteristics, holding 343 large and mid-cap developed excluding US stocks, with a 030% expense ratio and $8 billion in assets [9] - Gwell, a Cambria ETF, is actively managed, focusing on the cheapest countries in the world with a concentrated portfolio of 113 stocks, a 066% expense ratio and $353 million in assets [10][11] Sector & Country Allocation - International stock ETFs offer more diversification to sectors beyond technology, such as financials and industrials [8] - Top countries in VXUS include Japan, China, UK, Canada, and Taiwan [9] - Japan receives approximately 30% weight in IVLU [9] Comparative Performance - Gwell is up about 47% year-to-date, IVLU is up about 37%, and VXUS is up about 30%, compared to the S&P 500 index which is up about 17% year-to-date [13]

ETF Market Overview - ETF flows are over $980 billion year to date [1] - The industry is tracking moves above and below the 30-day moving averages for popular index funds like SPY and QQQ [1] Top ETF Inflows - Top inflow this week was the IBIT, the Eyesshares Bitcoin ETF [1] - Followed by the VXUS, the Vanguard Total International ETF, which holds stocks outside of the US [1] - Also the DIA, the Spider Dow Jones ETF [1] Crypto ETF Analysis - Hashtex advocates for its NASDAQ crypto index ETF (NCIQ) for diversified crypto exposure [2] - NCIQ aims to represent the crypto market as a whole, including Bitcoin, Ether, Solana, XRP, and other assets [2] - Index investing in crypto is considered a significant trend due to the difficulty in picking individual winners [2] - Since its expansion in September, NCIQ has outperformed Ether but underperformed Bitcoin [3]