Crypto and Non-Traditional Assets Buck the Outflow Trend

Issuer League Tables

Vanguard secured the top position among all issuers with a daily absolute influx of $1,909M, pushing its total assets under management beyond $4,038.83B. Spear led the relative flow metric by capturing $22M, which represents a 12.92% expansion of its baseline assets. In contrast, SPDR registered the steepest daily absolute decline, recording a reduction of $4,761M across its product suite. Stacked experienced the sharpest proportional contraction, shedding $15M or 19.23% of its total assets.

Issuer Flows (Absolute)

Issuer Flows (Relative)

Daily ETF Flow Analysis

Total market assets decreased by $3,316M during the session, with Equity and Commodity funds leading the aggregate declines. Fixed Income products accumulated $1,923M in new capital, while Non-Traditional assets captured $1,517M. The Taxable Government Ultrashort category recorded the highest individual net expansion at $1,236M for the day. Meanwhile, the U.S. Large Cap Blend category registered the most significant daily reduction, declining by $3,935M.

Asset Class Flows

Top / Bottom 10 Category Flows

U.S. Size & Style

U.S. Size & Style products displayed broad variations across market capitalization and factor segments. Total market index provider Vanguard observed $563M in net creation activity for VTI, while State Street’s SPYM gained $204M. Conversely, large capitalization benchmark funds faced net withdrawals, led by IVV with a reduction of $3,314M. Additionally, SPY posted absolute daily redemptions totaling $1,224M.

Size & Style ex-U.S.

International equity allocations demonstrated localized geographic and stylistic concentration. The FENI portfolio topped the segment with $159M in new daily capital. AVEM and DFAI followed with individual daily additions of $46M and $44M, respectively. The SCHC small-capitalization fund recorded the highest regional withdrawal at $39M.

Sector & Industry

Software and regional banking themes headlined sector-level accumulations for the session. IGV expanded by $626M, while the KRE banking portfolio accumulated $350M. Financials and semiconductors paced sector reductions, with XLF shedding $371M. PSI and XLV also recorded notable single-session declines of $369M and $337M, respectively.

Region & Country

Asian regional allocations recorded divergent flow patterns across individual country mandates. Hong Kong and South Korea-focused products led the expansion, with EWH and EWY gathering $74M and $73M. The MCHI China portfolio accounted for the largest regional contraction, decreasing by $91M. VNM and ECH followed with smaller net daily reductions of $7M and $6M.

Thematic

Defense technology and uranium mandates secured the highest thematic asset accumulation. SHLD led all thematic peers with $144M in daily net creations. MAGS and URA gathered $43M and $41M in fresh capital. Internet and construction themes registered the largest thematic redemptions, with FDN shedding $267M and PKB losing $98M.

Fixed Income

Fixed Income activity heavily favored ultra-short duration and emerging market debt products. The IQMM money market fund accumulated $455M, while EMB captured $384M in single-day allocations. Long-duration treasury and corporate credit funds led the category’s withdrawals. TLT recorded a decline of $384M, and SPIB saw daily redemptions totaling $257M.

Commodity

Commodity flows were distinctly characterized by substantial net withdrawals from physical precious metals trusts. GLD experienced an aggregate daily contraction of $2,914M. SLV and IAU followed with net redemptions of $88M and $57M, respectively. Conversely, oil and broad commodity strategies registered modest gains, with OILK gathering $10M and HGER adding $9M.

Cryptocurrency

Spot bitcoin and ether portfolios displayed mixed daily asset movement. IBIT captured the segment’s highest influx with $322M, while ETHA secured $42M in new capital. Other prominent spot products faced single-session redemptions. FBTC lost $89M, and FETH contracted by $67M.

Non-Traditional

Leveraged and inverse strategies recorded intense flow activity across semiconductor and broad market indexes. SOXL added $736M in daily capital, whereas SQQQ accumulated $302M. Opposite directional mandates for similar indices faced immediate contraction. TQQQ declined by $229M, and SIXH shed $107M.

Recent Launches

The product landscape continued to expand with ten new listings entering the market over the past two weeks. Nicholas introduced two Unclassified strategies on March 3, highlighted by the WEPN defense income fund. Innovator expanded its defined outcome suite on March 2 with DDFM, which secured $19.98M in initial capital. YieldMax and Invesco also deployed novel strategies targeting options income and treasury rotation mandates.