ETFs in Focus: FIG Soars 3%, RSMC Falls 1.1%

The Simplify Macro Strategy ETF (FIG) is outperforming other ETFs, up about 3% on Thursday, led by Acadia Healthcare (ACHC) and Bentley Systems (BSY). In contrast, the Rockefeller US Small-Mid Cap ETF (RSMC) is underperforming, down about 1.1%, with Casella Waste Systems (CWST) and The Baldwin Insurance Group (BWIN) contributing to its decline.

The Simplify Macro Strategy ETF (FIG) has shown robust performance, up approximately 3% on Thursday, driven by notable gains from Acadia Healthcare (ACHC) and Bentley Systems (BSY). In contrast, the Rockefeller US Small-Mid Cap ETF (RSMC) has underperformed, declining about 1.1%, with Casella Waste Systems (CWST) and The Baldwin Insurance Group (BWIN) contributing to its downturn.

The strong performance of FIG can be attributed to the significant rise in Acadia Healthcare's stock. Acadia Healthcare, a provider of behavioral health services, has seen its stock appreciate, contributing positively to the overall performance of FIG. Bentley Systems, an engineering software firm, also played a key role, with its shares up 5.9% at $55.42 before the bell. This performance is likely due to the company's poised inclusion in the S&P MidCap 400 MID next week, replacing Western Union (WU) Bentley Systems gains on S&P MidCap inclusion^[2].

On the other hand, the underperformance of RSMC can be linked to the decline in Casella Waste Systems' and The Baldwin Insurance Group's stock prices. Casella Waste Systems has seen a significant drop in its stock price, contributing to the overall decline of RSMC. Casella Waste Systems, which operates in the waste management sector, has been a notable performer in the past decade, with an annualized return of 31.04% over the last 10 years Here's How Much You Would Have Made Owning Casella Waste Systems Stock In The Last 10 Years^[3]. However, recent market conditions have led to a decline in its stock price, impacting the performance of RSMC.

The financial markets are closely watching the upcoming decisions by the SEC regarding various crypto ETF applications, including those for Solana and other altcoins. This uncertainty is likely influencing investor sentiment and impacting the performance of ETFs. 21Shares has recently filed an updated S-1 for its proposed Solana ETF, revising the fund structure and operational details to align with the SEC's requirements 21Shares files updated S-1 for Solana ETF ahead of SEC decision^[1].

Overall, the performance of ETFs like FIG and RSMC is influenced by a variety of factors, including the performance of underlying stocks, market conditions, and regulatory decisions. Investors should stay informed about these developments to make informed investment decisions.