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(Bloomberg) -- As investors scour the globe for under-valued stocks, one increasingly popular destination is actively managed exchange-traded funds that focus on emerging markets.Most Read from BloombergErdogan Suffers Historic Loss in Turkey Municipal ElectionsTesla Has Wall Street Worried About How Many Cars It Just SoldGold Retreats From Record as US Factory Data Spurs Fed DebateUS Oil Suppliers Muscling Into OPEC+ Markets All Over the WorldTrump Media Erases Debut Surge as Filings Show $58 M

As investors look for undervalued stocks, one popular destination is actively managed ETFs that focus on emerging markets.

(Bloomberg) -- Over the past year and counting, money managers have ramped up exposure to a handful of Big Tech companies – swelling market valuations along the way. Yet for all the AI euphoria, traders have also poured billions into a tried-and-tested ETF that simply buys companies offering healthy cash flows, in an industry-neutral bet.Most Read from BloombergApple to Wind Down Electric Car Effort After Decadelong OdysseyHow Much Wealth You Need to Join the Richest 1% Around the WorldOffice To

Expectations were high for the ETFs since they allow investors to gain exposure to Bitcoin in traditional brokerage accounts instead of crypto-native startups.

Atop the leaderboard are BlackRock’s iShares Bitcoin Trust (IBIT) and Fidelity Wise Origin Bitcoin Fund (FBTC), taking in around $3.8bn and $3.1bn of inflows.