YTD ETF Flows Cross $626 Billion Following a Massive $14.3B Equity Haul

Issuer League Tables

State Street’s SPDR led all issuers in absolute daily flows by gathering $4,913M, slightly ahead of Vanguard’s intake of $4,584M. Capital Group and Main Funds experienced the largest absolute daily outflows, losing $518M and $457M respectively. On a relative basis, smaller issuers like Founder and Pictet saw the most significant growth, expanding their asset bases by 16.47% and 8.76% in a single session. Conversely, Gadsden and Main Funds faced the steepest relative contractions, shedding 21.99% and 11.10% of their total assets under management.

Issuer Flows (Absolute)

Issuer Flows (Relative)

Daily ETF Flow Analysis

Total ETF flows reached $17,639M for the day, propelling the year-to-date total to $626,541M across all tracked asset classes. Equity funds drove the vast majority of daily activity by pulling in $14,297M, while Commodity and Digital Asset funds experienced daily outflows of $133M and $93M, respectively. Within specific categories, U.S. Large Cap – Blend strategies dominated the leaderboard with $6,302M in net new assets, severely outpacing the $551M shed by the Financials sector, which ranked as the worst-performing category of the session.

Asset Class Flows

Top and Bottom 10 Category Flows

U.S. Size & Style

The U.S. Size and Style segment recorded robust daily creation activity, spearheaded by the $4,376M influx into SPY. SCHG and QQQ also attracted significant assets, gathering $1,111M and $1,052M, respectively, to lead the large-cap growth category. Conversely, CGDV faced the steepest daily redemptions by losing $623M, followed by IVV which shed $429M.

Size & Style ex-U.S.

International equity flows presented a more muted profile compared to domestic markets, with URTH capturing the top spot via $136M in daily additions. Dimensional’s DFAI and DFIV followed with steady intakes of $53M and $52M, respectively. The segment’s net flow dynamic was heavily weighed down by VEA, which registered a massive $575M outflow during the daily reporting cycle.

Sector & Industry

Information Technology ETFs captured substantial capital during the session, prominently led by a $2,410M flow into VGT. Software and semiconductor funds IGV and SMH secured the second and third positions with intakes of $709M and $614M. Financials and Health Care faced elevated redemption pressures, evidenced by the $685M outflow from XLF and the $173M reduction in XLV.

Region & Country

Region and country-specific allocations exhibited modest daily turnover, with ASHR recording the highest influx at $35M. Asian market exposure remained in focus as AIA added $31M to its asset base. Latin American and European single-country funds observed minor contractions, highlighted by redemptions of $22M from ARGT and $21M from NORW.

Thematic

Natural resource themes drove the positive side of the thematic ledger, largely fueled by a $468M allocation to COPX and a $243M addition to SIL. Disruptive technology and innovation funds recorded a mix of creation and redemption activity during the reporting cycle. ARKK registered the most severe thematic outflow for the day, declining by $121M, while IYZ contracted by $78M.

Fixed Income

Fixed income portfolios gathered $3,125M in total daily flows as investors allocated capital across both government and corporate durations. SCHO and TLT absorbed the largest sums, accumulating $344M and $328M to anchor the top of the leaderboard. On the outflow side, short-term and money market proxies experienced the heaviest redemptions, with IQMM losing $250M and VCSH dropping $143M.

Commodity

Precious metals displayed bifurcated flow behavior during the day, producing both the top creations and the steepest redemptions within the commodity space. GLDM and IAU attracted $117M and $52M, functioning as the primary vehicles for positive commodity flows. Meanwhile, their larger counterpart GLD shed $252M, and SLV lost $146M as physical metals faced aggregate categorical outflows.

Cryptocurrency

Digital asset ETFs collectively shed $93M over the daily session, pushing the one-month category flow total to $2,578M. ARKB bucked the negative trend by adding $41M, while BITO gathered $18M in fresh capital. Spot bitcoin products bore the brunt of the selling pressure, illustrated by a substantial $112M redemption from IBIT.

Non-Traditional

Non-traditional flow dynamics were characterized by intense trading in leveraged and inverse single-stock and sector funds. SOXL captured the highest demand with $285M in inflows, while JEPQ recorded a solid $93M intake for covered call strategies. Options-based and leveraged products also dominated the laggard list, defined by a massive $457M contraction in BUYW and a $197M outflow from TQQQ.

Recent Launches

Product development remained robust as issuers brought ten new strategies to the market over the trailing week. Unclassified, synthetic income, and leveraged single-stock funds constituted the entirety of the most recent market debuts. AXTX stood out among the new cohort, quickly accumulating $52.77M in assets under management following its inception.