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let's talk some ETFs with Sylvia jablonsky CEO and chief investment officer at Defiance ETFs syia good to see you again welcome back Oliver great to be here good to see you too uh let's talk some funds let's talk some lever funds because uh you've got some fun ones and let's go for something that's up today since we got strength in crypto and Bitcoin mstr micro strategy up 5% I think you guys are getting some pretty nice flows on your lever fund right yeah it it it sure looks like it so you know the fund's been out for a few weeks now and it's it's over 300 million in assets actually near yeah actually nearing 400 million in assets as as we sit here but um yeah I I think you know crypto has obviously become wildly popular in markets it was popular when it was just something that you can buy a digital wallet and and then you know you had these ETFs come out and billions of dollars flowing into that whether they were lever or single name and you know we were kind of looking at this and thinking micro strategy is a crypto play right micro strategy is almost bit Bitcoin if you look back historically sometimes it's trading to the tune of 2x 3x 6X you know Bitcoin and um you know we know the story there right they have billions of dollars on the balance sheet of crypto exposure so you know what do I want my whatever thousand $2,000 of my own exposure or to buy a company that has billions of of dollars of exposure if I have high conviction and so now lever that up you know you've had a lot of interest in this product for that reason it's just a great proxy for crypto it's pretty amazing um that uh folks I mean I'm not amazing I'm not surprised uh this is kind of what you use this category for in my opinion basically pure speculation but the fact that you then want to get leverage on something that's already like a very high beta version I guess it makes sense you know why not go for the most uh you know bang for your buck if you're going to go into that category of kind of like high beta trades yeah and especially if you're a tactical Trader right and you're looking at this thing every day so that's one thing that we always like to say as well right these aren't meant to just kind of be forgotten about it's not a set it and forget a product they're they're for active traders that look at their position every single day and make it you know make a decision for the next day in terms of like what volatility will be what the trend will be but yeah in in terms of like short-term tactical trading I mean I think it's it's a great way to get exposure to crypto in in the short term so it's worked out quite well yeah Rock and rolling all right uh mstx you said you're getting to almost 400 million since it launched in August yep yep wow just just about that just about that we're about 20 million shy of that but I mean I just tell you that we're getting a press release ready to announce that it hit 300 million and then you know in the in the last couple of days you get another 40 50 million in so it's it's it's quite it's moving quite a lot it's like uh doing better than the whole ethereum Suite of ETFs uh I guess maybe only like the Bitcoin ETF something crypto related in uh public markets and stocks it's done so well yeah and I wonder you know I hadn't thought about about it this way before but I I mean I I think you know the ETF kind of solved the problem of of Institutions not being able to buy crypto and holding digital wallets and managing that whole side of it you know there was this convenience factor but then I thought about it even more you know even if you have Bitcoin in an ETF a lot of Institutions are are going to take their time before they actually approve and do the due diligence and say Yes advisors you can use this stuff but Micro strategy is a you know kind of like a plain old stock that trades on the exchange right and so I think that there's more comfort on the institutional side with buying a semiconductor company that has crypto exposure than there is buying crypto and I think that's that's got to be you know a major reason as well as in terms of like why it's taking off yeah all right uh congrats that's huge uh what's going on with the weight loss stuff uh tell me about your guys' approach here and how much interest you're getting because uh Eli Lily is getting hit so obviously the lever funds are going to get hit too it just the last few weeks seems like we've been talking about other things at least here with the macro and the fed and the China all the AI stuff it's like kind of the Obesity trades kind of drifted to the back a little bit yeah and I think you know that whole thing will turn around when we're back in the next earning season again and and everyone's talking about you know Zep bound and OIC and and wovi and all these other drugs but th this is a stock that it's a good story anyway you know even even prior to to zap bound I mean they have awesome revenues on mararo um they've been consistently beating earnings they pay a nice dividend I think the macro stories is just good right now for these Pharma companies right you have an aging baby boomer population they're defensive in nature when the Market's you know wonky they tend to hold up right and and again like people love their dividend and so I think now enter the weight loss um phenomenon and you know the takeup of that has just been you know insane really and a lot of the analysts on this stock have it priced over a, bucks um you know it's kind of trading well below that and so if you leverage this one this one actually has less volatility so we we tend to see again you know tactical product and it's important to understand that leverage in range bound volatile markets can lead to substantial losses but in trending markets with low volatility you know if you kind of get that off of one of these dips the lever inverse ET the lever ETF anyway can you know get you some some decent amount of our performance there for a short tactical trade all right uh same thing llx oh I think it's interesting that you guys also have broadcom in the mix which is kind of a fun one that uh maybe goes a little underappreciated in the AI trade but uh has been battling to get to a high basically since the summer uh what kind of Interest are you seeing in taking leverage here cuz this seems like a little different where like Eli Le micro strategy kind of naturally are swingy and higher beta whereas broadcom's been a little bit more kind of stuck so it's like if you want to go for leverage here maybe that's a way to boost you know kind of the slower returns we've gotten so far yeah and that's a great way to look at it that's the way we thought about it too we thought that of the semiconductor stocks anyway it's tends to be on on you know kind of like the the the safer um large you know market cap type of play and they're involved in everything right they're part of 6G they're part of broadcom they're part of data centers um you know major player in the AI buildout but they kind of do different things than Nvidia does and so they can compete as AI grows and you know I think we know the story there right in the next uh 10 20 years we're expecting 35% or so um competent anual growth rate in Ai and you take your top play and so that's why we put that one into the market we just thought it would be um super interesting as people start to think about well what else besides Nvidia yeah the other ones are kind of like all right this thing moves a lot I really want to get extra and then bra comes like this thing needs a little gas a little push so uh that's a fun way to kind of you know literally lever it up and uh if it breaks out then you obviously get little extra bang for your buck uh love it uh thanks for the update Sil you always appreciate it
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