Show and guests
Trillions host Joel Weber speaks with Bloomberg Intelligence ETF analyst Athanasios Psarofagis and Bloomberg Television markets reporter Isabelle Lee. Original English title: Godzilla vs. King Kong, Degen Dip-Buyers and Anthropic | Trillions. The subtitles cover 0:00–12:48; this article covers the entire episode.
Key points
- Vanguard has finally pulled away from BlackRock in US ETF assets. It briefly overtook BlackRock a few months ago before being caught again, but this time the lead appears real. 0:35
- Vanguard’s share of passive equity assets has risen by 5 percentage points since 2020. 2:52
- 3x leveraged semiconductor ETFs set a single-month inflow record, while semiconductor ETFs fell about 17% from their October peak. 7:30
- ETF enthusiasm for the Anthropic IPO mirrors that for SpaceX, and ETFs holding pre-IPO exposure to Anthropic have already attracted strong investor interest. 8:57
- SpaceX is the most actively traded IPO on its first day in history; Anthropic will most likely come close but not surpass it. 9:18
Background and notes
This episode of Trillions focuses on the rivalry between Vanguard and BlackRock, retail investors buying the semiconductor dip, and the Anthropic IPO. The subtitles cover 0:00–12:48; this article covers the entire episode. The views and timestamps are based on the original subtitles, and each timestamp marks the start of the corresponding passage.