ETFs Look Safer After Bitcoin Hack, Small Caps | ETF IQ 8/10/2026

Watch on YouTube ↗  |  August 10, 2026 at 22:15  |  42:39  |  Bloomberg Markets
Speakers
Jon Maier — Chief ETF Strategist, JPMorgan Asset Management
Robert Mitchnick — Head of Digital Assets, BlackRock
Eduardo Repetto — CIO, Avantis Investors
Mayuranki De — Vice President of ETF Strategy, Raymond James
Eric Balchunas — Senior ETF Analyst, Bloomberg Intelligence
Isabel Lee — Anchor, Bloomberg

Summary

The episode reviews record active ETF inflows and $2 trillion milestone, then covers fixed-income opportunities, Bitcoin ETF safety and decoupling after a cold-wallet hack, Avantis' small-cap value outperformance, AI infrastructure photonics ETFs, and potential AI bubble hedges.

  • Active ETFs raked in $58 billion in July, pushing the segment above $2 trillion for the first time.
  • JPMorgan strategist highlights active preferred fixed-income ETF (JP Morgan Preferred) for low-duration outperformance.
  • BlackRock's digital asset head argues Bitcoin ETFs are safer after a cold-wallet hack and Bitcoin is decoupling from equities as a diversifier.
  • BlackRock launched a Bitcoin Premium Income ETF targeting mid-teens yield with dampened volatility.
  • Avantis CIO explains the factor-based approach behind the AVUV small-cap value ETF's 88% 5-year return vs. 55% for passive.
  • Photonics ETFs (e.g., LIGHT) emerge as an AI data-center theme, but institutional adoption is cautious.
  • Raymond James strategist suggests Waste Management and Republic Services as inverse-correlation hedges to AI.
  • Equal-weight S&P 500 trade (RSP) seen as temporary; flows expected back to market-cap (VOO).
Ideas
Jon Maier Chief ETF Strategist, JPMorgan Asset Management 4:56
Active preferred ETF outperforms with low duration.
Active preferred fixed-income ETFs can outperform passive peers by managing duration lower (e.g., 4.8 years) and capturing parts of the market that indices miss; the JP Morgan Preferred Fund (JP, rf) is expected to be bought heavily as part of extended fixed-income allocations in a low-duration environment.
JP Morgan Preferred Fund MED
Robert Mitchnick Head of Digital Assets, BlackRock 15:01
Bitcoin ETF as safe long-term diversifier.
Bitcoin ETFs offer institutional-grade security and simplicity after recent cold-wallet hacks, attracting long-term buy-and-hold investors. Bitcoin is decoupling from equities and acting as a portfolio diversifier, outperforming during equity pullbacks, reinforcing the hedge thesis. Each boom-bust cycle ends higher.
IBIT HIGH
Robert Mitchnick Head of Digital Assets, BlackRock 19:55
Bitcoin income ETF yields while dampening volatility.
BlackRock's Bitcoin Premium Income ETF (bit a bit) targets a mid-to-high teens yield by giving up a small portion of Bitcoin upside, dampening volatility and downside risk. It has seen solid early demand and offers income-oriented crypto exposure.
BlackRock Bitcoin Premium Income ETF MED
Eduardo Repetto CIO, Avantis Investors 23:46
Quality small-cap value ETF with strong outperformance.
Avantis US Small Cap Value ETF (AVUV) outperforms by screening for companies with strong balance sheets, cash flows, and low price, avoiding value traps, and weighting holdings by factor attractiveness across 700+ names. Its 25 bps fee and disciplined daily rebalancing deliver significant excess returns versus passive small-cap value indices.
AVUV HIGH
Mayuranki De Vice President of ETF Strategy, Raymond James 36:09
Garbage stocks hedge AI bubble risk.
Waste Management (WM) and Republic Services (RSG) have the strongest inverse correlation to AI/DRAM, making them effective hedges if the AI bubble bursts. They represent stable, garbage-collection businesses that should hold up when AI-related trades unwind.
RSG WM MED
Mayuranki De Vice President of ETF Strategy, Raymond James 38:28
Equal-weight trade is short-lived; favor VOO.
The rotation into equal-weighted S&P 500 (RSP) is temporary; flows historically revert to market-cap weighted exposure (VOO) after earnings-driven tactical moves. The equal-weight trade is a short film that ends with investors going back to market-cap leaders.
RSP MED
Mayuranki De Vice President of ETF Strategy, Raymond James 38:28
Equal-weight trade is short-lived; favor VOO.
The rotation into equal-weighted S&P 500 (RSP) is temporary; flows historically revert to market-cap weighted exposure (VOO) after earnings-driven tactical moves. The equal-weight trade is a short film that ends with investors going back to market-cap leaders.
VOO MED
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This Bloomberg Markets video, published August 10, 2026, features Jon Maier, Robert Mitchnick, Eduardo Repetto, Mayuranki De discussing JP Morgan Preferred Fund, IBIT, BlackRock Bitcoin Premium Income ETF, AVUV, RSG, WM, RSP, VOO. 7 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Jon Maier, Robert Mitchnick, Eduardo Repetto, Mayuranki De  · Tickers: JP Morgan Preferred Fund, IBIT, BlackRock Bitcoin Premium Income ETF, AVUV, RSG, WM, RSP, VOO