Reported 1 day ago
The SPDR Bloomberg 1-3 Month T-Bill ETF (BIL) saw a substantial influx of $786.7 million, elevating its assets under management to $44.2 billion, coinciding with a downturn in the stock market as tensions escalated between President Donald Trump and Elon Musk. While the S&P 500 dipped by 0.5% and Tesla's stock fell by more than 14%, other ETFs also reported significant inflows, totaling $4.3 billion across various categories, as investors shifted their focus towards short-term Treasuries.
Source: YAHOO