ETFs and mutual funds rise against their passive counterparts
<img width="250" height="167" src="https://www.leaprate.com/wp-content/uploads/2023/09/FIN-LP-ETFs-and-mutual-funds-rise-against-their-passive-counterparts-5183767863iStock-1472468191-250×167.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="" decoding="async" style="float: left; margin-right: 5px;" link_thumbnail="" srcset="https://www.leaprate.com/wp-content/uploads/2023/09/FIN-LP-ETFs-and-mutual-funds-rise-against-their-passive-counterparts-5183767863iStock-1472468191-250×167.jpg 250w, https://www.leaprate.com/wp-content/uploads/2023/09/FIN-LP-ETFs-and-mutual-funds-rise-against-their-passive-counterparts-5183767863iStock-1472468191-700×467.jpg 700w, https://www.leaprate.com/wp-content/uploads/2023/09/FIN-LP-ETFs-and-mutual-funds-rise-against-their-passive-counterparts-5183767863iStock-1472468191-768×512.jpg 768w, https://www.leaprate.com/wp-content/uploads/2023/09/FIN-LP-ETFs-and-mutual-funds-rise-against-their-passive-counterparts-5183767863iStock-1472468191-120×80.jpg 120w, https://www.leaprate.com/wp-content/uploads/2023/09/FIN-LP-ETFs-and-mutual-funds-rise-against-their-passive-counterparts-5183767863iStock-1472468191-245×163.jpg 245w, https://www.leaprate.com/wp-content/uploads/2023/09/FIN-LP-ETFs-and-mutual-funds-rise-against-their-passive-counterparts-5183767863iStock-1472468191-500×333.jpg 500w, https://www.leaprate.com/wp-content/uploads/2023/09/FIN-LP-ETFs-and-mutual-funds-rise-against-their-passive-counterparts-5183767863iStock-1472468191.jpg 1254w" sizes="(max-width: 250px) 100vw, 250px" /><p><span data-contrast="auto">In August alone, active ETFs garnered $9.8bn in investor cash compared to $9.5bn pulled by passive funds. For every $4.06 made from passive funds, active ETFs have gained $1 over the last 12 months. The gap appears larger; however, three years ago, passive funds registered $6.02 for every $1 of active ETFs. </span><span data-ccp-props="{"201341983":0,"335559739":160,"335559740":259}"> </span></p>
<p><span data-contrast="auto">That being said, assets managed by crypto-focused funds have been declining since 2021. A report from CoinShares discussed crypto outflows over the last nine weeks, suggesting that 85% of the $455m output from the last nine weeks was from Bitcoin. Ethereum followed further behind, totalling $4.8m output.</span></p>
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<p><span data-contrast="auto">Although Bitcoin is still charging ahead as a U.S. crypto giant, the currency fell on rocky ground during Grayscale Investment’s legal disagreement with the Securities Exchange and Commission (SEC). In 2022, the crypto investment firm sued the SEC for rejecting the launch of a bitcoin exchange-traded fund. </span><span data-ccp-props="{"201341983":0,"335559739":160,"335559740":259}"> </span></p>
<p><span data-contrast="auto">As a result, investors are cautious of directing money into smaller currencies, hoping for spot bitcoin ETF. A Grayscale representative stated:</span><span data-ccp-props="{"201341983":0,"335559739":160,"335559740":259}"> </span></p>
<blockquote><p><span data-contrast="none">[This victory marks] a monumental step forward for American investors, the bitcoin ecosystem, and all those who have been advocating for bitcoin exposure through the added protections of the ETF wrapper.</span><span data-ccp-props="{"201341983":0,"335559685":720,"335559739":160,"335559740":259}"> </span></p></blockquote>
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