Latest / Trillions / New ETFs to Watch: POETs, HALOs and Corgis

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New ETFs to Watch: POETs, HALOs and Corgis · Trillions

• 0:02
  Speaker 1: Bloomberg Audio Studios, Podcasts, radio news.
• 0:19
  Speaker 2: Booking a Trillions.
• 0:20
  Speaker 3: I'm Joel Weber and I'm Eric bel Chierna.
• 0:21
  Speaker 2: We're back with another special episode. We started doing these
• 0:25
  Speaker 2: more frequently. This time we're going to do ETFs to watch.
• 0:29
  Speaker 2: Joining us again Isabelle, who's a cross asset reporter with
• 0:32
  Speaker 2: Bloomberg News. What is the big hit?
• 0:35
  Speaker 4: The big hit so of May launches. By the way,
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  Speaker 4: it's been one hundred and four launches. That's a lot,
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  Speaker 4: probably heading to about one twenty. That's about five or
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  Speaker 4: six a day.
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  Speaker 2: So are we going to break the record this year?
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  Speaker 3: Yeah? Yeah, probably about thirteen.
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  Speaker 2: Hundred's going to prediction market style bet right there.
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  Speaker 5: Yeah, okay, we're going to break triple crown. Two're going
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  Speaker 5: to break.
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  Speaker 4: The flow record because they're at seven to fifty billion
• 0:56
  Speaker 4: now that's halfway to the record last year.
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  Speaker 3: And it's still May.
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  Speaker 4: So yeah, probably another triple crown. But the flow record,
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  Speaker 4: by the way, is why the launch record will be broken.
• 1:07
  Speaker 4: The fish are biting and so there's just more puel
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  Speaker 4: thrown lines in the water anyway, the number one by assets,
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  Speaker 4: So the big launch we're basically quantitative. We're determining this
• 1:16
  Speaker 4: by the new launch this month with the most assets
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  Speaker 4: is a shocker. It's the Defiance Daily Target two x
• 1:23
  Speaker 4: long Poet ETF Poet. Yeah, Poet like Longfellow that doesn't
• 1:28
  Speaker 4: go long Poets that wouldn't make much money because there's
• 1:32
  Speaker 4: not a lot of industry. You know that that industry
• 1:34
  Speaker 4: is roughed up.
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  Speaker 6: This is a shocker. A ticker is po e L.
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  Speaker 6: I guess Poet is taken. Why wouldn't you just do
• 1:40
  Speaker 6: pot Maybe?
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  Speaker 4: No, No, the company is Poet, it's Poet Technology.
• 1:44
  Speaker 5: So but the ticker of the ETF is po e L.
• 1:47
  Speaker 4: As what I'm saying, they have to pick something different.
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  Speaker 6: I know, I know that's I didn't know the ticker
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  Speaker 6: of the company. Yeah, anyway, I don't know if I
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  Speaker 6: should be admitting this, but I actually I didn't know
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  Speaker 6: much about Poet Technologies other than the fact that it's
• 1:58
  Speaker 6: a semiconductor opto electronics.
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  Speaker 2: That would explain why the launch went so well.
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  Speaker 4: Yeah, this ETF is at the time I'm telling you,
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  Speaker 4: this is fifteen days old, it's up two hundred and
• 2:10
  Speaker 4: sixty one percent. That's wild, and it's taken in a
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  Speaker 4: ton of money. So that means that this thing was
• 2:16
  Speaker 4: put on the market, and these Degen traders just were
• 2:20
  Speaker 4: on it quickly. Like used to be, you'd have to
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  Speaker 4: really have a good return for a couple months if
• 2:25
  Speaker 4: you were like a real niche hot sauce product. But
• 2:28
  Speaker 4: I think that the traders are now onto this and they're.
• 2:30
  Speaker 2: Like two x right now, like give it to me.
• 2:33
  Speaker 4: Yeah yeah, but it's not two x Navideo or Tesla.
• 2:35
  Speaker 4: It's two x a company that I'd never even heard of. Yeah, So,
• 2:37
  Speaker 4: like there's a whole ecosystem here of like people who
• 2:40
  Speaker 4: are really looking for these like quantum semi kind of
• 2:45
  Speaker 4: stocks to get two x.
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  Speaker 2: What does it hold?
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  Speaker 3: It holds swaps.
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  Speaker 4: And it just gives you the return of the poet
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  Speaker 4: stock two times every day. Okay, so that's it. No, listen, listen,
• 3:01
  Speaker 4: this is why two x dock ETF so the greatest
• 3:03
  Speaker 4: idea ever mentioned. Somebody's like, why do we need two
• 3:07
  Speaker 4: x dock ets. It's like, well, look, you like Navidia.
• 3:10
  Speaker 4: You're like, yeah, how about two x Davidia even better?
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  Speaker 2: But I mean, isn't this like a perverse you know,
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  Speaker 2: kind of bloating of what an ETF is supposed to be? Yes? Yeah, yeah,
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  Speaker 2: this is yes.
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  Speaker 4: And look, the ETF is a big tent. This is
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  Speaker 4: the more fringe, maybe less respected area. To be honest
• 3:33
  Speaker 4: with you, because a lot of the original ETF people
• 3:36
  Speaker 4: are like, hey, this stuff is actually not good for people.
• 3:39
  Speaker 4: It encourages gambling. You could walk into you don't have
• 3:42
  Speaker 4: to go to Atlantic City anymore. I think they have
• 3:44
  Speaker 4: casinos in New York. Now I could take all my money,
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  Speaker 4: my life savings, all, you know, thirteen dollars of it,
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  Speaker 4: and I could go into a casino and put it
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  Speaker 4: all on red or black and lose one hundred percent
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  Speaker 4: in a second.
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  Speaker 3: So like, this isn't that bad?
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  Speaker 5: Okay people?
• 3:58
  Speaker 6: That is true. We've read about the average in verse
• 4:00
  Speaker 6: ETFs all the time, and the issuers their argument is
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  Speaker 6: there's a market, that's why we're launching it. But then,
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  Speaker 6: of course on the other side, you're like, but do
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  Speaker 6: the investors really know what it's about.
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  Speaker 5: You're supposed to hold.
• 4:12
  Speaker 6: It just for one day, but we have a lot
• 4:14
  Speaker 6: of data and reporting that chose to average is like
• 4:16
  Speaker 6: eight days. I think that came from city. So it
• 4:19
  Speaker 6: raises a question of are these actually helpful? And I
• 4:21
  Speaker 6: think poet maybe became popular. I just researched before this
• 4:25
  Speaker 6: because everyone is trying to look for the next Nvidia,
• 4:28
  Speaker 6: and that's what they're saying.
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  Speaker 5: It's really a small cap company.
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  Speaker 2: But I also get there twice as fast.
• 4:32
  Speaker 6: But the these things, it's timing right, like if it launched.
• 4:36
  Speaker 6: Maybe I don't know, I'm making it up, but last.
• 4:37
  Speaker 4: Year maybe Tesla dominate this market because they are just
• 4:41
  Speaker 4: so popular. But they're the amount of instant success that
• 4:46
  Speaker 4: I've seen, especially from some of the quantum ones that
• 4:49
  Speaker 4: were launched, like QB I want to say, Cubert, it's
• 4:51
  Speaker 4: something like that. Look they come out for stocks I
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  Speaker 4: never heard of.
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  Speaker 2: That's how you know.
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  Speaker 4: I look around, They've got like a billion dollars. I'm like,
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  Speaker 4: how anyway getting in early to a semi or quantum stock.
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  Speaker 4: Though the jumps can be major, one of them returned
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  Speaker 4: almost one hundred percent in a day.
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  Speaker 6: I mean, why not. My retirement is fifteen dollars, so
• 5:13
  Speaker 6: I beat you. It'll be thirty dollars.
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  Speaker 4: By the way, just real quick on this. Do you
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  Speaker 4: remember that there was an IPO a couple days ago
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  Speaker 4: in the middle.
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  Speaker 6: Of May Cerebras, Yes, yes, okay, fantastic segue.
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  Speaker 5: I must say, Well, this.
• 5:25
  Speaker 3: Is related to this one.
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  Speaker 4: Somebody filed for a two X cerebras like four months ago,
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  Speaker 4: knowing that it's a private company that would IPO. IPO
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  Speaker 4: comes out, dtf's like, all right, pull the trigger. The
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  Speaker 4: two X launches the next day. So that's a twenty
• 5:41
  Speaker 4: four hours between the IPO and the two X ETF
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  Speaker 4: tracking it.
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  Speaker 3: Wow, I've never seen that.
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  Speaker 5: That must be a record.
• 5:47
  Speaker 6: What you've seen a lot is filings after the IPO
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  Speaker 6: not launches.
• 5:50
  Speaker 3: No, No, the filings are all coming in for privates.
• 5:52
  Speaker 4: Now there's already two X spaces Actually there's two X
• 5:55
  Speaker 4: open AI. So I think the SpaceX is so big
• 5:58
  Speaker 4: and these sauce issuers are so competitive that they're going
• 6:02
  Speaker 4: to launch the two X version the day of the
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  Speaker 4: SpaceX IPO.
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  Speaker 5: That's a great prediction.
• 6:09
  Speaker 4: Yeah, that because whoever gets out first and gets all
• 6:13
  Speaker 4: the liquidity for the two X SpaceX can just retire.
• 6:16
  Speaker 4: That is like a near lock to become a multimillionaire
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  Speaker 4: as initier.
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  Speaker 2: Well, we're weeks away from potential IPF, so.
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  Speaker 4: That's fun watch that race, I guess.
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  Speaker 1: So.
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  Speaker 6: Although I went on Reddit, which I do time to
• 6:29
  Speaker 6: dad for reporting a lot of people had not so
• 6:31
  Speaker 6: positive things to say about the SpaceX IPO. But I
• 6:34
  Speaker 6: guess just like anything, you know, you have haters and lovers, you.
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  Speaker 4: Know, read it or they anybody who says anything that's
• 6:40
  Speaker 4: out of the lot, the you know, the narrative gets
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  Speaker 4: kicked off. But Tesla two X is five billion and
• 6:47
  Speaker 4: it charges ninety five basis points. That's fifty million a
• 6:50
  Speaker 4: year in profit for that person. That was our big hit,
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  Speaker 4: believe or not. That was all one ETF.
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  Speaker 2: Okay, that was Poel. There were one hundred and thirty
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  Speaker 2: nine others to choose from. Uh, it's another one. We're
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  Speaker 2: gonna put this spotlight on.
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  Speaker 6: I think Corgi as a company, although we're talking, if
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  Speaker 6: we want to narrow it down, Corgi lithography and semi
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  Speaker 6: photonics ETF.
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  Speaker 5: Is that how we say it, photonics.
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  Speaker 2: Photonics, platonic V.
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  Speaker 6: Yes, that's the taker. So it's part of a thirty
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  Speaker 6: four the ETF launch.
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  Speaker 2: Corgi launched that many ETFs thirty four.
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  Speaker 4: Honestly the record it shocked.
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  Speaker 5: I had to talk to the to the team. I didn't.
• 7:24
  Speaker 5: I didn't.
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  Speaker 4: We didn't end up publishing to do that, or was
• 7:27
  Speaker 4: it like, yeah, We had the guy on ETF you
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  Speaker 4: it's a young guy from San Francisco, a lot of
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  Speaker 4: VC money.
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  Speaker 3: He does other things.
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  Speaker 4: He's in the insurance business, wants to be like cool,
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  Speaker 4: like kind of new insurance companies like, well, if you're
• 7:37
  Speaker 4: in financial services ETFs or something you should have for people.
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  Speaker 4: And they research with deduced. They launched a bunch of
• 7:42
  Speaker 4: thematic and buffer ETFs at low costs. But they've blanketed
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  Speaker 4: the market way more than a new issue. A new
• 7:48
  Speaker 4: issue usually puts a toe in the water with a
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  Speaker 4: couple launches. See if they're a hit, they've already launched
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  Speaker 4: like I think about forty five fifty ETFs and they've
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  Speaker 4: got like another two fifty filed.
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  Speaker 3: Exactly and flooding the zone.
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  Speaker 6: Yes, exactly, that's what because I track and our team
• 8:01
  Speaker 6: all the launches and filings, and we were like, what
• 8:03
  Speaker 6: is this new etf issuer? And then they're filing like
• 8:06
  Speaker 6: crazy and they're launching like crazy. And you would think
• 8:08
  Speaker 6: if you're a buzzy new upstart, you would start with
• 8:10
  Speaker 6: humanoid or AI or something sexy, but then it's buffer.
• 8:14
  Speaker 4: Well, well they started with buffer and then they did
• 8:17
  Speaker 4: all the themes and like I would say lithography and
• 8:19
  Speaker 4: photonics is pretty I'd say so it's it sounds techy
• 8:25
  Speaker 4: and I can't define.
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  Speaker 5: It and pronounce.
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  Speaker 3: That's pretty cool.
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  Speaker 6: Yeah, and their fees are competitive.
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  Speaker 4: To thirty five BIPs for themes as low honestly. There
• 8:34
  Speaker 4: they also had the US War Machine ETF, which I
• 8:37
  Speaker 4: was a little cynical. And they had a New York
• 8:40
  Speaker 4: ETF which is only stocks based in New York City,
• 8:43
  Speaker 4: which Ethan wants to buy to hedge his increasing rent
• 8:46
  Speaker 4: that he has in Dumbo or Brooklyn rent.
• 8:48
  Speaker 6: There also, we no Athon owns. Why are we talking
• 8:51
  Speaker 6: about him? Well, anyway, anyway, Athan, Hello, good morning.
• 8:58
  Speaker 4: He would just be like whenever all these ets launch,
• 9:01
  Speaker 4: he's kind of getting to be like a.
• 9:04
  Speaker 3: Crimungeny old guy.
• 9:06
  Speaker 4: The scene from No Country from Old One when Tommy
• 9:09
  Speaker 4: the Johns looks down over the newspaper. Hm, that's eighth
• 9:11
  Speaker 4: and every time launches.
• 9:12
  Speaker 5: So, believe it or not, I got your reference. I
• 9:15
  Speaker 5: got your reference.
• 9:16
  Speaker 3: That's amazing, amazing. I appreciate that.
• 9:18
  Speaker 4: By the way, the lithography you have has eighty nine
• 9:21
  Speaker 4: million already, that's pretty legit.
• 9:23
  Speaker 2: Well, it's a very very small space, not that many companies.
• 9:27
  Speaker 2: So and look in the middle of the chip making
• 9:29
  Speaker 2: stuff like you can get probably pretty specific here. Okay,
• 9:33
  Speaker 2: so why is it called Corgy? Is the is the
• 9:36
  Speaker 2: mask on a dog?
• 9:37
  Speaker 3: Yes?
• 9:37
  Speaker 6: Yes, and my dream dog is Corgy.
• 9:40
  Speaker 2: So they did this for you maybe like like cor
• 9:43
  Speaker 2: that's pretty likable.
• 9:44
  Speaker 3: I can't lie.
• 9:45
  Speaker 4: And the guy has a cafe in Sanrancisco, San Francisco,
• 9:48
  Speaker 4: that's the only twenty four to seven three sixty five cafe,
• 9:52
  Speaker 4: and he's got Corgi's like painted on the wall on
• 9:54
  Speaker 4: the street and stuff.
• 9:55
  Speaker 6: And I think every line of their business is named
• 9:58
  Speaker 6: after a dog.
• 9:58
  Speaker 5: Breathe, Yeah, okay, there's a a beagle.
• 10:00
  Speaker 4: They have different dogs anyway to hear more about them?
• 10:05
  Speaker 5: Yeah, well, I.
• 10:06
  Speaker 2: Mean they have a lot of products. Let talking about them. Okay,
• 10:10
  Speaker 2: uh keep.
• 10:11
  Speaker 4: Okay, So that was the wildcard.
• 10:12
  Speaker 2: That was wild card. We have big hit wild card.
• 10:14
  Speaker 2: What's uh? What's our good luck with that? Okay?
• 10:17
  Speaker 4: This is one where I'm like, wait a second, they
• 10:19
  Speaker 4: launched this ready for this.
• 10:20
  Speaker 5: Name, I'm going to leave it to.
• 10:23
  Speaker 4: Ticker is Nico, which again and I c o Yeah,
• 10:26
  Speaker 4: ticker like the female singer who helped.
• 10:29
  Speaker 3: Out led Underground. Yeah what I thought, I know, I.
• 10:31
  Speaker 4: Definite know that, but you should build it underground. Highly
• 10:36
  Speaker 4: influential band anyway. Sure, hexas Active Nicotine Engagement ETF Nicotine Engagement.
• 10:45
  Speaker 2: So I'm on a vaping ETF cigarettes.
• 10:48
  Speaker 5: And vaping cigarette is one.
• 10:50
  Speaker 4: I'm on a text chain with my college friends. We
• 10:52
  Speaker 4: all lived in a big house, like real world style,
• 10:54
  Speaker 4: and we've just been friends ever since. So every now
• 10:57
  Speaker 4: and then someone like starts something off in the text chain,
• 10:59
  Speaker 4: it goes dorm for a while.
• 11:00
  Speaker 3: But this one woman in there.
• 11:03
  Speaker 4: Who's a good friend of mine, she says, guys, cigarettes
• 11:06
  Speaker 4: are coming back, you know, really yeah.
• 11:09
  Speaker 6: And among the old people or among youngsters. I looked
• 11:13
  Speaker 6: at you while I said old people, let's say old people.
• 11:15
  Speaker 2: I think there is this thing. It's the people who
• 11:18
  Speaker 2: inhabited this real world house with Eric.
• 11:20
  Speaker 4: I don't know how much they're coming back, but if
• 11:22
  Speaker 4: I heard it in my text chain with my college friends,
• 11:25
  Speaker 4: that's one thing. The other thing is if you look
• 11:27
  Speaker 4: back to these stocks, like these nicotine stocks, they crush.
• 11:31
  Speaker 3: I mean, they are really.
• 11:32
  Speaker 4: Good performing stocks, so I get why they launched it,
• 11:35
  Speaker 4: but this is so niche that I just think it's
• 11:38
  Speaker 4: almost too outfringe and I would say, good luck with that.
• 11:42
  Speaker 4: It's seventy basis points, it's active, and Hexus isn't a
• 11:45
  Speaker 4: big name. This will definitely have to swim swim upstream
• 11:50
  Speaker 4: for assets or just have a great shiny object moment
• 11:53
  Speaker 4: where it just like doubles the SMP.
• 11:54
  Speaker 2: But you're kind of giving it a gold star just
• 11:56
  Speaker 2: by saying, like, hey, intriguing.
• 11:57
  Speaker 3: It's intriguing, but yeah, I mean it's gonna be hard. Yeah.
• 12:01
  Speaker 3: I remember they launched the.
• 12:02
  Speaker 4: Whiskey ETF will back and that came and went in
• 12:04
  Speaker 4: six months, and this seems similar.
• 12:08
  Speaker 6: You can revive your dormant chat and say, hey, have
• 12:11
  Speaker 6: you heard of this ETF?
• 12:15
  Speaker 4: ETFs aren't big in chats with regular people.
• 12:18
  Speaker 2: Yeah, you gotta, it's the chat for the podcast.
• 12:23
  Speaker 4: Yeah you're not. Didn't your husband say when you told
• 12:26
  Speaker 4: about this article? Or he's like, nobody cares.
• 12:30
  Speaker 5: That's true love.
• 12:30
  Speaker 6: I guess maybe we had a long marriage, like you.
• 12:32
  Speaker 4: Both, Isabelle. Nobody cares, like, just relax.
• 12:37
  Speaker 6: Because they always say we're writing about this ETF And he's.
• 12:40
  Speaker 4: Like, yeah, and look, four people in the northeast care
• 12:45
  Speaker 4: about this.
• 12:46
  Speaker 5: Three people sitting on the table.
• 12:48
  Speaker 2: Anyway, we have an addition, we haven't done an honorable
• 12:52
  Speaker 2: mention before, but we're gonna We're gonna try it.
• 12:55
  Speaker 4: Yeah, because this doesn't really fit in any of the
• 12:56
  Speaker 4: other ones, but I thought it's notable. Round Hill Halo ETF.
• 13:00
  Speaker 4: Brownhill crushed it in April with the biggest launch ever,
• 13:04
  Speaker 4: d RAM, which is now ten billion dollars, biggest launch
• 13:07
  Speaker 4: ever overall, let alone themes at least the ten billion.
• 13:11
  Speaker 4: It's got there faster than I bit, Well, what are
• 13:13
  Speaker 4: they going to follow that up with? This is like
• 13:14
  Speaker 4: when you hit a big album, what's the next album
• 13:16
  Speaker 4: going to be?
• 13:17
  Speaker 3: This one is.
• 13:18
  Speaker 4: The HALO, which is heavy assets, low obsolescence. That's a
• 13:22
  Speaker 4: term Josh Brown came up with from CNBC. What it
• 13:24
  Speaker 4: basically means, it's like real stuff, like physical infrastructure, things
• 13:30
  Speaker 4: that are more AI proof because you, you know, we
• 13:33
  Speaker 4: all need to have ye.
• 13:34
  Speaker 2: Yeah.
• 13:34
  Speaker 4: So like here's some of the subsectors transportation, oil and gas,
• 13:38
  Speaker 4: electrical equipment, metals and mining chemicals, machinery.
• 13:41
  Speaker 2: It's sort of like the stuff the world actually runs on, yes.
• 13:45
  Speaker 5: And interplaceable by AIS.
• 13:47
  Speaker 4: And the ticker the ticker is l O H yes
• 13:50
  Speaker 4: because HALO is already ticker for some other stock, but
• 13:53
  Speaker 4: Loja is the ticker and it's interesting to me because
• 13:56
  Speaker 4: d ram is the like kind of the ultimate AI play,
• 13:59
  Speaker 4: and here's one for people were like, oh, I'm so
• 14:00
  Speaker 4: tired of this AI stuff.
• 14:03
  Speaker 3: Yeah, I want reality.
• 14:04
  Speaker 4: Because Ethan sometimes is like he gets mad at the whole,
• 14:07
  Speaker 4: like everybody get getting freaked out about tech and stuff.
• 14:09
  Speaker 4: He's like, you know, sometimes you need garbage.
• 14:12
  Speaker 3: You need your garbage picked up, and you need to sue. Yeah,
• 14:15
  Speaker 3: so we were saying they should come over with the ETF.
• 14:17
  Speaker 2: Called He really is turned into an old man. I know.
• 14:20
  Speaker 3: He loves when he loves it.
• 14:21
  Speaker 4: When waste Management is the best performing stock of the day,
• 14:24
  Speaker 4: he's like, yeah, we're back. Like I told you, you
• 14:27
  Speaker 4: need your garbage picked up, no matter how you AI
• 14:30
  Speaker 4: stock is.
• 14:31
  Speaker 3: But we always thought.
• 14:32
  Speaker 4: There should be an ETF called ship you need and
• 14:35
  Speaker 4: this is kind of that.
• 14:36
  Speaker 6: Okay, yeah that is true though, which is why I
• 14:40
  Speaker 6: always try to bake once in a while, because that
• 14:42
  Speaker 6: is not AI replaceable.
• 14:44
  Speaker 2: Baking using an oven. Although yes, what about the humanoid robot?
• 14:48
  Speaker 2: But do that maybe, but.
• 14:49
  Speaker 6: Maybe only higher income households, those with real houses, can
• 14:53
  Speaker 6: afford those robots.
• 14:54
  Speaker 5: People in crappy apartments like me cannot.
• 14:58
  Speaker 2: All right, is belly? Than for joining us on Trillions
• 15:00
  Speaker 2: again excited.
• 15:01
  Speaker 6: It's a second time, so if you don't ask me
• 15:03
  Speaker 6: this third time, I'm going to take it personally.
• 15:04
  Speaker 2: You've been on multiple times, only the second time because
• 15:07
  Speaker 2: this is the only other time that we've done that
• 15:09
  Speaker 2: episode that now stars you. So there you go. Thanks
• 15:17
  Speaker 2: for listening to Trillions until next time. You can find
• 15:19
  Speaker 2: us on the Bloomberg Terminal, Bloomberg dot com, Apple Podcasts, Spotify,
• 15:23
  Speaker 2: or wherever else you like to listen. We'd love to
• 15:25
  Speaker 2: hear from you. Hit us up on social. Trillions is
• 15:29
  Speaker 2: produced by Magnus Hendrickson and Kishov Pundia. Bye.