Weekly Channel Summary
The Single Stock ETF channel continues to be a magnet for tactical capital, boasting a robust $38.2B in Total AUM across 350 listed funds from 18 active issuers. It was another week of high conviction, with the channel pulling in a net $413M in fresh flows. This pushes the year-to-date haul to a staggering $23.3B, proving that despite market volatility, the appetite for single-stock exposure—specifically levered plays—remains insatiable.
This Week’s Performance Leaders and Laggards
This week was a story of explosive gains in niche tech and crypto mining infrastructure. While the broader market consolidated, underlying stocks like Cleanspark and TeraWulf skyrocketed, driving massive returns for their associated levered ETFs. On the flip side, we saw a rare pause in the “Big Tech” rally. Stalwarts like Adobe and Nvidia posted minor retreats, but in the amplified world of single-stock ETFs, even small dips in the underlying can translate to notable friction for levered holders.
Top & Bottom Underlying Stock Performance (WTD)
| Ticker | Underlying Stock | Week-To-Date Return | Year-To-Date Return | Number of Funds Following Stock |
|---|---|---|---|---|
| Top Performers | ||||
| CLSK | Cleanspark, Inc. | 55.19% | 63.95% | 1 |
| WULF | TeraWulf Inc. | 37.38% | 174.03% | 1 |
| OSCR | Oscar Health, Inc. Class A | 33.31% | 33.71% | 2 |
| CRDO | Credo Technology Group Holding Ltd. | 33.04% | 164.25% | 1 |
| APLD | Applied Digital Corporation | 28.50% | 254.71% | 1 |
| BMNR | BitMine Immersion Technologies Inc | 27.38% | 324.62% | 2 |
| Bottom Performers | ||||
| ADBE | Adobe Inc. | -1.25% | -28.01% | 1 |
| NVDA | NVIDIA Corporation | -1.05% | 31.83% | 15 |
| XOM | Exxon Mobil Corporation | -0.99% | 11.72% | 3 |
| LMT | Lockheed Martin Corporation | -0.63% | -3.74% | 1 |
| TTD | Trade Desk, Inc. Class A | -0.23% | -66.34% | 1 |
| NOW | ServiceNow, Inc. | -0.13% | -23.37% | 1 |
Weekly Performance: The Winners and Losers
The undisputed champion of the week was the CLSX (Tradr 2X Long CLSK Daily ETF), which utilized leverage to capture the surge in its underlying miner, though specific WTD data is still settling. On the losing end, inverse bets on high-flyers were crushed. The IONZ (Defiance Daily Target 2x Short IONQ ETF) cratered -33.41%, while the QBTZ (Defiance Daily Target 2x Short QBTS ETF) dropped -24.37%. It’s a reminder that daily resets on inverse products can compound losses rapidly during strong trending moves.
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top Performers | ||
| CRDU | Tradr 2X Long CRDO Daily ETF | 72.63% |
| OSCG | Leverage Shares 2X Long OSCR Daily ETF | 70.07% |
| OSCX | Defiance Daily Target 2x Long OSCR ETF | 69.72% |
| APLX | Tradr 2X Long APLD Daily ETF | 61.12% |
| RIOX | Defiance Daily Target 2X Long RIOT ETF | 57.49% |
| Bottom Performers | ||
| IONZ | Defiance Daily Target 2x Short IONQ ETF | -33.41% |
| QBTZ | Defiance Daily Target 2x Short QBTS ETF | -24.37% |
| CONI | GraniteShares 2x Short COIN Daily ETF | -24.27% |
| CRCD | T-REX 2X Inverse CRCL Daily Target ETF | -23.95% |
| RGTZ | Defiance Daily Target 2x Short RGTI ETF | -20.87% |
Analyzing the Weekly Flows
Money talks, and this week it screamed “Risk On.” The channel saw a net inflow of $413M, but the internals tell a clear story of aggressive positioning. Levered ETFs vacuumed up $573M in fresh cash, as traders chased momentum. In stark contrast, Synthetic Income strategies faced a rejection, seeing $141M in outflows, signaling a rotation away from yield-seeking behavior back toward pure capital appreciation.
Where the Money Went This Week
| Category | Fund Count | AUM | 5 Day | 30 Day | 90 Day | YTD | 1 Year |
|---|---|---|---|---|---|---|---|
| Levered | 207 | $25,632.9M | $573M | $3,766M | $4,140M | $8,398M | $8,974M |
| Currency Hedged | 10 | $23.9M | $3M | $2M | $8M | $13M | $13M |
| Inverse | 41 | $1,382.1M | ($22M) | ($497M) | $55M | $1,351M | $1,469M |
| Synthetic Income | 92 | $11,182.4M | ($141M) | $305M | $1,737M | $13,493M | $15,232M |
Flow Leaders & Laggards: The ETF Tale of the Tape
Investors piled into the GGLL (Direxion Daily GOOGL Bull 2X Shares), which absorbed a massive $272M as traders bet on a continued Alphabet rally. Meanwhile, conviction waned in Tesla and MicroStrategy. The TSLL (Direxion Daily TSLA Bull 2X Shares) saw $181M head for the exits, and the MSTY (YieldMax MSTR Option Income Strategy ETF) shed $56M as traders took profits after recent parabolic moves.
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| Inflows | ||
| GGLL | Direxion Daily GOOGL Bull 2X Shares | $272M |
| NVDL | GraniteShares 2x Long NVDA Daily ETF | $109M |
| MSTX | Defiance Daily Target 2x Long MSTR ETF | $68M |
| TSLQ | Tradr 2X Short TSLA Daily ETF | $44M |
| AMDL | GraniteShares 2x Long AMD Daily ETF | $39M |
| Outflows | ||
| TSLL | Direxion Daily TSLA Bull 2X Shares | ($181M) |
| MSTY | YieldMax MSTR Option Income Strategy ETF | ($56M) |
| ROBN | T-Rex 2X Long HOOD Daily Target ETF | ($49M) |
| CONY | YieldMax COIN Option Income Strategy ETF | ($46M) |
| OPEX | Tradr 2X Long OPEN Daily ETF | ($39M) |
Issuer League Table Update
The titans remain at the top, with Direxion commanding 30.00% of the market and YieldMax holding firm at 23.07%. However, the flow story this week belongs to the challengers. Defiance punched above its weight, gathering a massive $201M in weekly inflows. Conversely, top-tier issuer YieldMax saw the largest exodus, shedding $160M as income-focused traders reassessed positions.
The Heavyweights: Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| Direxion | 51 | $11.49B | 30.00% |
| YieldMax | 41 | $8.83B | 23.07% |
| GraniteShares | 53 | $8.82B | 23.04% |
| T-Rex | 33 | $2.51B | 6.55% |
| Defiance | 46 | $2.36B | 6.15% |
Weekly Flows: Issuer Edition
| Brand | 5-Day Flow |
|---|---|
| Inflows | |
| Defiance | $201M |
| GraniteShares | $153M |
| Direxion | $133M |
| Outflows | |
| YieldMax | ($160M) |
| T-Rex | ($17M) |
| Simplify | ($2M) |
For a deeper dive into these trends, access our FREE, in-depth Thematic ETF reports in the right side panel of this page.
Disclosures
This material is for informational purposes only and should not be considered investment advice. All investments, including ETFs, involve risk, including the possible loss of principal. Investors should consider their investment objectives, risks, charges, and expenses carefully before investing.
This analysis was developed by the team at ETF Action. We leverage advanced AI tools to assist in the drafting and refinement of our content, based on our expert prompts, direction, and final review.
