U.S. Large Caps and Semis Drive a $4.89B Market Reversal

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Issuer League Tables

Note on Flow Volatility: Daily flow outliers may be driven by specialized portfolio rebalancing. With the continued growth of actively managed ETFs, these events occur with greater frequency and often do not align with traditional, scheduled index rebalance dates.

iShares led all issuers with a commanding $14.43B inflow, significantly boosting its year-to-date total to $205.95B. This performance starkly contrasted with Vanguard, which experienced the day’s largest outflows at ($16.86B), deepening its five-day redemption trend to ($60.67B). Other notable gainers included Invesco with $1.47B and T. Rowe Price with $1.11B in new assets. On the laggard side, VanEck saw significant redemptions of ($1.74B), while GraniteShares shed ($629.3M).

Issuer Flows (Absolute)

Brand AUM 1 Day 5 Day 30 Day YTD 1 Year
Top 5 Leaders
iShares $4,501.53B $14.43B $41.32B $65.38B $205.95B $489.09B
Invesco $965.00B $1.47B ($2.84B) $18.17B $52.25B $100.85B
T. Rowe Price $29.15B $1.11B $1.50B $2.23B $6.86B $10.63B
Roundhill $35.47B $972.1M $3.74B $8.78B $18.39B $23.36B
Innovator (may be the result of a custom rebalance) $34.97B $803.6M $990.3M $1.42B $3.77B $5.77B
Top 5 Laggards
Vanguard $4,447.87B ($16.86B) ($60.67B) $53.47B $269.95B $511.83B
VanEck $161.31B ($1.74B) ($10.29B) ($921.5M) $8.93B $18.87B
GraniteShares $13.90B ($629.3M) $969.9M $1.36B $1.18B $2.44B
PGIM $33.66B ($438.4M) ($266.6M) $1.81B $10.43B $16.60B
State Street $84.93B ($182.6M) $158.2M $113.9M $5.05B $12.06B

Issuer Flows (Relative to AUM)

Brand AUM 1 Day Flow 1 Day Flow % of AUM
Top 5 Leaders
Corgi $600.8M $38.8M 6.45%
RockCreek $94.7M $5.5M 5.84%
Horizon (may be the result of a custom rebalance) $1.74B $96.9M 5.58%
Wahed $1.22B $55.9M 4.58%
Mango $281.6M $10.8M 3.84%
Top 5 Laggards
Elm $680.0M ($99.2M) (14.59%)
Anfield $533.6M ($77.7M) (14.56%)
Bushido $897.7M ($98.9M) (11.02%)
Euclidean $141.0M ($11.5M) (8.13%)
GraniteShares $13.90B ($629.3M) (4.53%)

Daily ETF Flow Analysis

The ETF market gathered a net $4.89B in new assets, reversing a recent negative trend that saw ($20.29B) exit over the past week. Non-Traditional funds led the day with $2.83B in creations, followed by Fixed Income which added $1.89B. Equity funds saw a modest net inflow of $1.26B, driven almost entirely by the U.S. Large Cap Blend category’s $5.90B haul, while U.S. Small Cap and Mid Cap categories saw combined outflows of over $3.1B. Commodity and Digital Asset funds faced the strongest headwinds, shedding ($977.6M) and ($199.6M) respectively.

Asset Class Flows

Asset Class AUM 1 Day 1 Week 1 Month YTD 1 Year
Equity $12,037.72B $1.26B ($33.52B) $169.50B $644.18B $1,246.23B
Fixed Income $2,575.14B $1.89B $7.52B $57.04B $310.79B $578.00B
Commodity $315.75B ($977.6M) ($485.2M) ($5.52B) ($5.12B) $30.62B
Alternative $12.90B ($6.4M) $93.0M $321.9M $3.18B $5.92B
Multi-Asset $39.70B $97.4M $242.4M $1.00B $6.80B $12.30B
Currency $2.93B $0 ($14.3M) $59.9M $642.2M $103.8M
Non-Traditional $497.88B $2.83B $6.35B $14.36B $45.95B $80.20B
Digital Asset $91.79B ($199.6M) ($482.4M) ($4.27B) ($4.12B) $18.62B
Total $15,573.81B $4.89B ($20.29B) $232.50B $1,002.30B $1,972.01B

Category Flows (Top/Bottom 10)

Category AUM 1 Day Flow
Top 10 Leaders
Equity: U.S. Large Cap – Blend $4,575.68B $5.90B
Equity: U.S. Large Cap – Growth $1,440.52B $1.72B
Non-Traditional: Buffer – Equity $93.02B $1.29B
Non-Traditional: Leverage | Inverse – Equity $143.33B $916.0M
Equity: Global Ex-U.S. Large Cap – Blend $1,117.32B $780.9M
Equity: Thematic – Disruptive Tech $106.53B $657.0M
Fixed Income: Taxable – Core $418.19B $539.4M
Non-Traditional: Synthetic Income – Equity $186.40B $461.0M
Equity: Region – Country Specific $185.19B $424.7M
Fixed Income: Taxable – High Yield $113.53B $411.2M
Bottom 10 Laggards
Equity: U.S. Small Cap – Blend $385.33B ($1.80B)
Equity: U.S. Mid Cap – Blend $438.67B ($1.39B)
Equity: Sector – Information Technology $489.38B ($809.9M)
Commodity: Focused – Precious Metals $284.96B ($675.8M)
Equity: U.S. Small Cap – Growth $60.50B ($509.4M)
Equity: Sector – Health Care $97.05B ($498.0M)
Equity: U.S. Small Cap – Value $119.80B ($443.8M)
Equity: Sector – Energy $64.53B ($437.6M)
Equity: U.S. Large Cap – Value $1,055.72B ($390.3M)
Fixed Income: Taxable – Ultrashort $192.55B ($384.3M)

U.S. Size & Style

A massive divergence in S&P 500 fund flows defined the day’s activity in U.S. equities. The iShares Core S&P 500 ETF (IVV) single-handedly attracted $14.26B, its largest inflow in over a year. Conversely, the Vanguard S&P 500 ETF (VOO) experienced a substantial redemption of ($12.89B). Outflows were also pronounced in smaller capitalization segments, with the Vanguard Mid-Cap ETF (VO) losing ($1.57B) and the iShares Russell 2000 ETF (IWM) shedding ($1.09B).

Ticker Name AUM 1 Day Flow
Top 5 Leaders
IVV iShares Core S&P 500 ETF $856.31B $14.26B
SPY State Street SPDR S&P 500 ETF $769.03B $3.08B
QQQ Invesco QQQ Trust Series I $481.58B $999.4M
SPYM State Street SPDR Portfolio S&P 500 ETF $148.28B $738.3M
AVLV Avantis U.S. Large Cap Value ETF $15.17B $530.2M
Top 5 Laggards
VOO Vanguard S&P 500 ETF $975.48B ($12.89B)
VO Vanguard Mid-Cap ETF $104.93B ($1.57B)
IWM iShares Russell 2000 ETF $81.41B ($1.09B)
VB Vanguard Small-Cap ETF $79.57B ($942.5M)
VTV Vanguard Value ETF $185.44B ($727.0M)

Explore the U.S. Size & Style Explorer →

Size & Style ex-U.S.

International equity funds saw modest but positive net flows, led by the Vanguard Total International Stock ETF (VXUS) which collected $279.5M. Dimensional funds also featured prominently among leaders, with the Dimensional International Core Equity Market ETF (DFAI) adding $184.0M. Outflows were limited, with the iShares MSCI EAFE Value ETF (EFV) seeing the largest redemption of ($91.1M).

Ticker Name AUM 1 Day Flow
Top 5 Leaders
VXUS Vanguard Total International Stock ETF $152.31B $279.5M
DFAI Dimensional International Core Equity Market ETF $16.86B $184.0M
EMXC iShares MSCI Emerging Markets ex China ETF $25.28B $159.2M
CGXU Capital Group International Focus Equity ETF $6.33B $113.4M
DIHP Dimensional International High Profitability ETF $6.24B $95.8M
Top 5 Laggards
EFV iShares MSCI EAFE Value ETF $23.80B ($91.1M)
VIGI Vanguard International Dividend Appreciation ETF $8.64B ($31.6M)
MOTI VanEck Morningstar International Moat ETF $69.4M ($5.0M)
EASG Xtrackers MSCI EAFE Selection Equity ETF $66.0M ($1.9M)
SEEM SEI Select Emerging Markets Equity ETF $599.1M ($36.8K)

Explore the Global (ex-U.S.) Size & Style Explorer →

Sector & Industry

The semiconductor industry was a focal point of significant two-way traffic. The iShares Semiconductor ETF (SOXX) pulled in a substantial $935.2M, continuing a strong 30-day trend. In a sharp contrast, the VanEck Semiconductor ETF (SMH) registered the day’s largest sector outflow at ($1.62B). Financials also saw notable redemptions, with the State Street Financial Select Sector SPDR ETF (XLF) losing ($455.1M).

Ticker Name AUM 1 Day Flow
Top 5 Leaders
SOXX iShares Semiconductor ETF $43.59B $935.2M
VGT Vanguard Information Technology ETF $142.21B $140.7M
IYF iShares U.S. Financials ETF $3.95B $103.2M
XLK State Street Technology Select Sector SPDR ETF $119.90B $82.9M
KBWB Invesco KBW Bank ETF $6.49B $62.1M
Top 5 Laggards
SMH VanEck Semiconductor ETF $71.79B ($1.62B)
XLF State Street Financial Select Sector SPDR ETF $50.97B ($455.1M)
IGV iShares Expanded Tech-Software Sector ETF $13.39B ($371.4M)
XBI State Street SPDR S&P Biotech ETF $10.05B ($338.1M)
XLI State Street Industrial Select Sector SPDR ETF $32.39B ($329.5M)

Explore the Sector & Industry Explorer →

Region & Country

Country-specific funds targeting India and Japan attracted the most interest. The Franklin FTSE India ETF (FLIN) led with a $176.5M inflow, while the iShares MSCI Japan ETF (EWJ) was close behind, adding $166.4M. European-focused funds faced outflows, highlighted by the State Street SPDR EURO STOXX 50 ETF (FEZ) which saw redemptions of ($195.3M).

Ticker Name AUM 1 Day Flow
Top 5 Leaders
FLIN Franklin FTSE India ETF $2.70B $176.5M
EWJ iShares MSCI Japan ETF $22.44B $166.4M
EWY iShares MSCI South Korea ETF $23.18B $48.0M
FLKR Franklin FTSE South Korea ETF $1.31B $44.5M
AIA iShares Asia 50 ETF $5.12B $20.9M
Top 5 Laggards
FEZ State Street SPDR EURO STOXX 50 ETF $4.46B ($195.3M)
IEUR iShares Core MSCI Europe ETF $8.50B ($59.0M)
EPI WisdomTree India Earnings Fund $2.13B ($34.2M)
ILF iShares Latin America 40 ETF $3.77B ($25.2M)
EIS iShares MSCI Israel ETF $891.8M ($18.0M)

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Thematic

The Roundhill Memory ETF (DRAM) was the standout thematic leader, gathering an impressive $881.1M in new assets. Infrastructure themes also proved popular, with the First Trust Nasdaq Clean Edge Smart GRID Infrastructure Index (GRID) adding $150.9M. On the other side of the ledger, the iShares A.I. Innovation and Tech Active ETF (BAI) experienced the largest thematic outflow of ($279.8M).

Ticker Name AUM 1 Day Flow
Top 5 Leaders
DRAM Roundhill Memory ETF $25.63B $881.1M
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure Index $12.13B $150.9M
DTCR Global X Data Center And Digital Infrastructure ETF $2.54B $99.2M
AIS VistaShares Artificial Intelligence Supercycle ETF $946.3M $40.5M
EUV Corgi Lithography & Semiconductor Photonics ETF $373.7M $35.2M
Top 5 Laggards
BAI iShares A.I. Innovation and Tech Active ETF $15.42B ($279.8M)
SHLD Global X Defense Tech ETF $7.07B ($157.1M)
NASA Tema Space Innovators ETF $1.96B ($144.8M)
GDX VanEck Gold Miners ETF $23.54B ($85.7M)
SKYY First Trust Cloud Computing ETF $2.73B ($58.3M)

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Fixed Income

Fixed income flows were positive, with demand centered on short-duration government debt and high-yield corporate bonds. The iShares 1-3 Year Treasury Bond ETF (SHY) led inflows with $245.9M, followed by the iShares iBoxx $ High Yield Corporate Bond ETF (HYG) which added $215.3M. The largest redemption was from the PGIM AAA CLO ETF (PAAA), which saw an outflow of ($457.7M).

Ticker Name AUM 1 Day Flow
Top 5 Leaders
SHY iShares 1-3 Year Treasury Bond ETF $25.44B $245.9M
HYG iShares iBoxx $ High Yield Corporate Bond ETF $16.72B $215.3M
FSEC Fidelity Investment Grade Securitized ETF $4.46B $179.8M
LQD iShares iBoxx $ Investment Grade Corporate Bond ETF $31.90B $174.2M
EMB iShares JP Morgan USD Emerging Markets Bond ETF $14.35B $163.4M
Top 5 Laggards
PAAA PGIM AAA CLO ETF $10.09B ($457.7M)
IQMM ProShares GENIUS Money Market ETF $20.77B ($250.2M)
IEF iShares 7-10 Year Treasury Bond ETF $46.76B ($244.7M)
JMTG JPMorgan Mortgage-Backed Securities ETF $6.71B ($201.9M)
VCSH Vanguard Short-Term Corporate Bond ETF $44.29B ($118.2M)

Explore the related Explorers: Taxable → · Municipal → · Specialty →

Commodity

Commodity funds experienced a broad-based outflow of ($977.6M), primarily driven by redemptions from precious metals products. SPDR Gold Shares (GLD) led the exodus with a ($569.3M) withdrawal, contributing to a negative trend over the past month. The iShares Silver Trust (SLV) also saw a notable outflow of ($47.8M). Inflows were minimal across the asset class, with abrdn’s physical silver and gold ETFs seeing small creations.

Ticker Name AUM 1 Day Flow
Top 5 Leaders
SIVR abrdn Physical Silver Shares ETF $4.17B $17.7M
SGOL abrdn Physical Gold Shares ETF $6.97B $11.8M
BWET Breakwave Tanker Shipping ETF $32.4M $3.0M
CMDT PIMCO Commodity Strategy Active Exchange-Traded Fund $755.9M $1.6M
CERY State Street SPDR Bloomberg Enhanced Roll Yield Commodity Strategy No K-1 ETF $991.4M $1.0M
Top 5 Laggards
GLD SPDR Gold Shares $134.70B ($569.3M)
PDBA Invesco Agriculture Commodity Strategy No K-1 ETF $390.1M ($70.9M)
SLV iShares Silver Trust $29.82B ($47.8M)
IAU iShares Gold Trust $62.38B ($46.7M)
GSG iShares S&P GSCI Commodity Indexed Trust $849.1M ($44.8M)

Explore the Commodities Explorer →

Cryptocurrency

Digital asset ETFs recorded another day of net outflows, shedding a combined ($199.6M) and extending a negative one-month trend of ($4.27B). The iShares Bitcoin Trust ETF (IBIT) saw the largest redemption at ($182.0M), while its Ethereum counterpart, the iShares Ethereum Trust ETF (ETHA), lost ($86.1M). Inflows were modest, led by the ARK 21Shares Bitcoin ETF (ARKB) which brought in $31.0M.

Ticker Name AUM 1 Day Flow
Top 5 Leaders
ARKB ARK 21Shares Bitcoin ETF $2.09B $31.0M
FBTC Fidelity Wise Origin Bitcoin Fund $11.63B $23.0M
FETH Fidelity Ethereum Fund ETF $823.8M $15.7M
MSBT Morgan Stanley Bitcoin Trust ETF $297.9M $8.9M
HYPG Grayscale Hyperliquid Staking ETF $10.3M $1.1M
Top 5 Laggards
IBIT iShares Bitcoin Trust ETF $47.24B ($182.0M)
ETHA iShares Ethereum Trust ETF $4.58B ($86.1M)
ETH Grayscale Ethereum Staking Mini ETF $1.44B ($10.3M)
ETHB iShares Staked Ethereum Trust ETF $518.9M ($1.7M)
BESO GSR Crypto Core3 ETF $8.1M $0

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Non-Traditional

Leveraged semiconductor funds saw heavy, opposing flows, with the Direxion Daily Semiconductor Bull 3X ETF (SOXL) attracting $642.4M while the GraniteShares 2x Long NVDA Daily ETF (NVDL) shed ($768.1M). Buffer ETFs also saw significant activity, including a $248.5M inflow for the Innovator Equity Defined Protection ETF – 6mo Jan/Jul (JAJL) (may be the result of a custom rebalance). The ProShares UltraPro Short QQQ (SQQQ) also gathered a notable $259.5M.

Ticker Name AUM 1 Day Flow
Top 5 Leaders
SOXL Direxion Daily Semiconductor Bull 3X ETF $26.47B $642.4M
SNXX Tradr 2X Long SNDK Daily ETF $4.48B $308.3M
SQQQ ProShares UltraPro Short QQQ $1.80B $259.5M
JAJL Innovator Equity Defined Protection ETF – 6mo Jan/Jul (may be the result of a custom rebalance) $249.5M $248.5M
BUFG FT Vest Buffered Allocation Growth ETF (may be the result of a custom rebalance) $324.7M $238.4M
Top 5 Laggards
NVDL GraniteShares 2x Long NVDA Daily ETF $4.04B ($768.1M)
SOXS Direxion Daily Semiconductor Bear 3X ETF $1.79B ($333.8M)
SCO ProShares UltraShort Bloomberg Crude Oil $1.12B ($159.6M)
TSLR GraniteShares 2x Long TSLA Daily ETF (may be the result of a custom rebalance) $91.5M ($90.4M)
SNDQ Tradr 2X Short SNDK Daily ETF $117.7M ($50.3M)

Explore the related Explorers: Buffer → · Synthetic Income → · Leverage | Inverse →

Recent Launches

The most recent launches were dominated by a suite of single-stock leveraged products from issuer Leverage Shares. The new funds offer 2x long daily exposure to a variety of individual technology and semiconductor-related companies. Also launched was the BNY Mellon US Large Cap Equity Growth ETF (BKLG), which has accumulated $9.8M in assets since its inception on June 22nd.

Ticker Name ETF Action Category Inception AUM
FOMG Leverage Shares 2X Long FORM Daily ETF Non-Traditional: Leverage | Inverse – Single Stock 6/23/2026 $300.0K
GFSG Leverage Shares 2X Long GFS Daily ETF Non-Traditional: Leverage | Inverse – Single Stock 6/23/2026 $150.0K
CDNG Leverage Shares 2X Long CDNS Daily ETF Non-Traditional: Leverage | Inverse – Single Stock 6/23/2026 $300.0K
SMTG Leverage Shares 2X Long SMTC Daily ETF Non-Traditional: Leverage | Inverse – Single Stock 6/23/2026 $300.0K
ASTG Leverage Shares 2X Long ASTS Daily ETF Non-Traditional: Leverage | Inverse – Single Stock 6/23/2026 $300.0K
FPSX Leverage Shares 2X Long FPS Daily ETF Non-Traditional: Leverage | Inverse – Single Stock 6/23/2026 $150.0K
HPEL Leverage Shares 2X Long HPE Daily ETF Non-Traditional: Leverage | Inverse – Single Stock 6/23/2026 $150.0K
ENTL Leverage Shares 2X Long ENTG Daily ETF Non-Traditional: Leverage | Inverse – Single Stock 6/23/2026 $150.0K
MTSG Leverage Shares 2X Long MTSI Daily ETF Non-Traditional: Leverage | Inverse – Single Stock 6/23/2026 $150.0K
BKLG BNY Mellon US Large Cap Equity Growth ETF Equity: U.S. Large Cap – Growth 6/22/2026 $9.8M

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.

Flow data is reported after close on a T+1 basis. This report’s data is as of June 24, 2026, and reflects create/redeem activity from Wednesday, June 24, 2026.

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.

©2026 ETF Action, Inc. All Rights Reserved. Data provided by FactSet.