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Dodd-Frank Rollback Optimism Hands Bank ETFs Record Inflows

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KBW's Gardner Says Senate Bill Is Not a Rollback of Dodd-Frank

Bank exchange-traded funds are benefiting from a plan to loosen crisis-era regulation before it has even become law.

Two funds run by State Street Corp. saw their biggest one-day inflows on record this week after senators passed a bill aimed at rolling back some the 2010 Dodd-Frank Act. The SPDR S&P Regional Banking ETF, ticker KRE, took in $606 million, while the SPDR S&P Bank ETF, ticker KBE, absorbed $323 million.