Significant increase in fund inflows into the unnamed Quantum-related ETF - Google announces breakthrough progress.
December 25, 2024 11:29 JST
Defiance Quantum ETF (QTUM) has risen 17% this month.
QTUM is linked to quantum computing related stocks such as Alphabet and others.
The listed investment trust (ETF) 'Defiance Quantum ETF' has been in a similar situation to other low-expectation high-tech funds for most of its six-year history. Due to average returns and low investor interest, it has been unable to break away from the losing investments scattered throughout the ETF market.
However, the situation changed dramatically when Alphabet's Google announced a significant advancement in quantum computing earlier this month. The inflow of funds into the same ETF (stock code QTUM) has been increasing at an unprecedented rate.
QTUM, which is linked to quantum computing related stocks, saw an inflow of approximately $250 million (about 39 billion yen) in December. It has been revealed by Bloomberg's data analysis that it is showing the largest monthly inflow of funds since its inception in 2018. The ETF has risen by 17% since the beginning of this month.