**ETF Growth Is Moving Into Leverage**

Since the S&P 500’s October 2022 low, **ETF assets have risen more than 250%**. **Assets in ETFs using derivatives are up more than 450%**. Issuers launched **3,363 new ETFs**, and more than 30% of this year’s launches use leverage, according to VettaFi.

The shift is also pulling money from traditional vehicles. **Equity ETFs attracted $3.2 trillion**, while equity mutual funds lost $3.3 trillion. Money market fund assets rose 74%, or **$3.4 trillion**.

The product expansion now reaches private companies. 21shares listed **CLAU in Vienna**, billed as Europe’s first ETP offering exposure to Anthropic’s implied pre-IPO valuation.

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