Weekly Channel Summary
The Single Stock ETF channel continues its relentless expansion. Assets under management across the space have ballooned to $56.2B, spanning 472 distinct ETFs offered by 16 issuers. The appetite for concentrated, high-octane exposure isn’t slowing down, as traders poured a net $1.41B into the channel over the past five days. That pushes year-to-date inflows to a staggering $7.97B and 1-year trailing flows to $21.19B. The appetite for leverage is insatiable, and the underlying price action is handing traders the volatility they crave.
This Week’s Performance Leaders and Laggards
Marvell Technology (MRVL) stole the show this week, skyrocketing +28.52% and lifting its tracking funds into the stratosphere. On the flip side, the bears took absolute control of crypto proxies and space-tech. Planet Labs (PL) cratered -37.00%, while Strategy Inc (MSTR) and Circle (CRCL) suffered massive double-digit haircuts, punishing long-biased traders and heavily rewarding those positioned in inverse derivatives.
Top & Bottom Underlying Stock Performance (WTD)
| Ticker | Underlying Stock | Week-To-Date Return | Year-To-Date Return | Funds Tracking |
|---|---|---|---|---|
| Top 5 Performing Underlying Stocks | ||||
| MRVL | Marvell Technology, Inc. | +28.52% | +210.41% | 2 |
| AAOI | Applied Optoelectronics, Inc. | +11.74% | +407.75% | 2 |
| OSCR | Oscar Health, Inc. Class A | +10.26% | +70.56% | 2 |
| UNH | UnitedHealth Group Incorporated | +5.04% | +21.95% | 3 |
| CNC | Centene Corporation | +4.58% | +51.47% | 1 |
| Bottom 5 Performing Underlying Stocks | ||||
| PL | Planet Labs PBC Class A | -37.00% | +63.39% | 1 |
| LUNR | Intuitive Machines, Inc. Class A | -33.01% | +80.90% | 1 |
| CRCL | Circle Internet Group, Inc. Class A | -28.96% | +1.24% | 6 |
| RDW | Redwire Corp | -24.91% | +142.76% | 1 |
| MSTR | Strategy Inc Class A | -24.29% | -20.74% | 16 |
Weekly Performance: The Winners and Losers
With underlying stocks experiencing vicious momentum shifts, the single stock ETFs delivered spectacular asymmetry. As Circle (CRCL) broke down, the CRCD (T-REX 2X Inverse CRCL) booked an eye-watering +81.48% return in just five days, perfectly showcasing the power of daily compounding on a leveraged inverse bet. The pain trade was isolated in long-biased space-tech, where PLU (Defiance 2x Long Planet Labs) collapsed -66.39% on the week.
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top 5 Performing ETFs | ||
| CRCD | T-REX 2X Inverse CRCL Daily Target ETF | +81.48% |
| MSTZ | T-Rex 2X Inverse MSTR Daily Target ETF | +63.80% |
| MSDD | GraniteShares 2x Short MSTR Daily ETF | +63.72% |
| SMST | Defiance Daily Target 2x Short MSTR ETF | +63.31% |
| RKLZ | Defiance Daily Target 2x Short RKLB ETF | +53.02% |
| Bottom 5 Performing ETFs | ||
| PLU | Defiance Daily Target 2x Long PL ETF | -66.39% |
| LUNL | Defiance Daily Target 2X Long LUNR ETF | -58.66% |
| CRCA | ProShares Ultra CRCL | -51.71% |
| CRCG | Leverage Shares 2X Long CRCL Daily ETF | -51.61% |
| CCUP | T-REX 2X Long CRCL Daily Target ETF | -51.57% |
Analyzing the Weekly Flows
The bulls are doubling down. Levered funds absorbed an incredible +$1.29B in new capital this week, bringing their year-to-date inflows to $7.40B. Traders are clearly ignoring the volatility tax, piling into levered bets while actually pulling -$13M out of Inverse strategies. Meanwhile, Options Overlay (Income) ETFs continue a steady grind higher with +$100M in 5-day flows as yield hunters monetize the premium generated by this extreme market chop.
Where the Money Went This Week
| Category | Fund Count | AUM | 5 Day | 30 Day | 90 Day | YTD | 1 Year |
|---|---|---|---|---|---|---|---|
| Levered | 289 | $46,908.7M | +$1,292M | +$3,620M | +$3,622M | +$7,401M | +$12,388M |
| Options Overlay | 105 | $8,116.4M | +$100M | +$622M | +$1,063M | +$221M | +$7,935M |
| Currency Hedged | 9 | $33.9M | +$6M | +$8M | +$9M | +$10M | +$13M |
| Autocallable | 4 | $5.7M | $0M | +$2M | +$2M | +$3M | +$3M |
| Inverse | 47 | $1,173.9M | -$13M | +$237M | +$492M | +$304M | +$817M |
Flow Leaders & Laggards: The ETF Tale of the Tape
Following MRVL’s mammoth week, traders ruthlessly chased performance, vaulting MVLL to the top of the inflow charts as it gobbled up +$429M in net new money. Tech and semi bulls kept hitting the buy button on AVGX and GGLL. Conversely, we saw an exodus from legacy semi positions. MUU hemorrhaged -$263M, while AMDL and SNXX bled heavily as traders apparently rebalanced their high-beta chip exposure.
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| Top 5 Inflows | ||
| MVLL | GraniteShares 2x Long MRVL Daily ETF | +$429M |
| AVGX | Defiance Daily Target 2X Long AVGO ETF | +$178M |
| IRE | Defiance Daily Target 2X Long IREN ETF | +$173M |
| GGLL | Direxion Daily GOOGL Bull 2X ETF | +$172M |
| INTW | GraniteShares 2x Long INTC Daily ETF | +$146M |
| Bottom 5 Outflows | ||
| MUU | Direxion Daily MU Bull 2X ETF | -$263M |
| AMDL | GraniteShares 2x Long AMD Daily ETF | -$241M |
| SNXX | Tradr 2X Long SNDK Daily ETF | -$197M |
| AAOX | Tradr 2X Long AAOI Daily ETF | -$151M |
| LITX | Tradr 2X Long LITE Daily ETF | -$111M |
Issuer League Table Update
Looking at the broader battlefield, Direxion maintains its heavy crown, defending 31.78% of the Single Stock channel’s AUM. But Defiance and GraniteShares were the indisputable flow magnets this week, raking in +$528M and +$423M respectively to capture the lion’s share of new money. Tradr, despite sitting comfortably in the top 3 by AUM, took a bloody nose this week with -$90M in net outflows.
The Heavyweights: Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| Direxion | 51 | $17.88B | 31.78% |
| GraniteShares | 68 | $13.55B | 24.09% |
| Tradr | 63 | $7.76B | 13.79% |
| YieldMax | 42 | $6.50B | 11.56% |
| Defiance | 57 | $4.26B | 7.56% |
Weekly Flows: Issuer Edition
| Brand | 5-Day Flow |
|---|---|
| Top 3 Inflows | |
| Defiance | +$528M |
| GraniteShares | +$423M |
| Leverage Shares | +$182M |
| Bottom 3 Outflows | |
| Tradr | -$90M |
| Simplify | -$1M |
| Bitwise | $0M |
For a deeper dive into these trends, access our FREE, in-depth Single Stock 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.
