Analyst: Investors are buying the dip with double long positions in the NVIDIA ETF, with 19 out of the top 20 funds inflowing in a single day being stock ETFs

Bloomberg ETF analyst Eric Balchunas stated that the double-leveraged ETF for Nvidia has received a significant amount of buying on dips, with investors putting in more funds as prices decline.

This round of buying is not limited to Nvidia. Balchunas pointed out that in the past two days, ETF inflows have mainly concentrated on equity products. Yesterday, the total inflow into ETFs was $13 billion, with 19 out of the top 20 products by inflow being equity ETFs.