BREAKING: US ETF inflows surged +94% YoY in the first six weeks of 2026, to a record $245 billion. This marks the 2nd consecutive annual increase and a +346% surge since 2024. This also DOUBLES the inflows seen in 2021 during the meme stock frenzy. Furthermore, the number of ETFs with over $100 million in inflows has exceeded 500 for the first time in this period of the year. Risk appetite is off to its strongest start on record.(The Kobeissi Letter)