Weekly Channel Summary
The Single Stock ETF channel remains a hotbed of tactical activity, closing the week with $37B in total assets across 401 funds from 17 issuers. Traders leaned bullish this week, pouring a net $310M into the space. The momentum for the year remains undeniable, with Year-To-Date flows now sitting at a massive $25.55B, nearly matching the 1-year total of $26.87B.
This Week’s Performance Leaders and Laggards
Volatility was the name of the game in the underlying stock market this week. The electric vehicle and space sectors ignited, with Rivian (RIVN) and Rocket Lab (RKLB) leading the charge on double-digit gains. Conversely, the crypto mining trade faced a harsh reality check, as names like CleanSpark (CLSK), TeraWulf (WULF), and MARA Holdings all cratered, dragging their respective single-stock ETFs down with them.
Top & Bottom Underlying Stock Performance (WTD)
| Ticker | Underlying Stock | Week-To-Date Return | Year-To-Date Return | Number of Funds Following Stock |
|---|---|---|---|---|
| Top Performers | ||||
| RIVN | Rivian Automotive, Inc. Class A | 21.88% | 68.80% | 1 |
| MRNA | Moderna, Inc. | 14.73% | -18.71% | 1 |
| RKLB | Rocket Lab Corporation | 14.69% | 176.88% | 2 |
| AFRM | Affirm Holdings, Inc. Class A | 13.34% | 25.16% | 1 |
| FLY | Firefly Aerospace, Inc. | 11.54% | – | 1 |
| Bottom Performers | ||||
| CLSK | Cleanspark, Inc. | -14.26% | 30.62% | 1 |
| ARM | ARM Holdings PLC Sponsored ADR | -12.88% | -7.56% | 4 |
| WULF | TeraWulf Inc. | -12.63% | 121.20% | 1 |
| SMR | NuScale Power Corporation Class A | -12.38% | -10.37% | 2 |
| MARA | MARA Holdings, Inc. | -11.63% | -39.30% | 4 |
Weekly Performance: The Winners and Losers
The standout winner this week was the DJTU, which absolutely skyrocketed by 105.87%, capitalizing on extreme volatility in its underlying. On the flip side, betting against Rocket Lab proved painful, as the inverse RKLZ fund cratered over 36%, punishing bears who stood in front of the space stock’s momentum.
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top Performers | ||
| DJTU | T-REX 2X Long DJT Daily Target ETF | 105.87% |
| RVNL | GraniteShares 2x Long RIVN Daily ETF | 43.88% |
| AFRU | T-REX 2X Long AFRM Daily Target ETF | 25.99% |
| RKLX | Defiance Daily Target 2X Long RKLB ETF | 25.14% |
| PONX | Tradr 2X Long PONY Daily ETF | 21.10% |
| Bottom Performers | ||
| RKLZ | Defiance Daily Target 2x Short RKLB ETF | -36.55% |
| CLSX | Tradr 2X Long CLSK Daily ETF | -29.66% |
| CORD | T-REX 2X Inverse CRWV Daily Target ETF | -29.40% |
| GEMG | Leverage Shares 2X Long GEMI Daily ETF | -28.13% |
| ARMG | Leverage Shares 2X Long ARM Daily ETF | -24.81% |
Analyzing the Weekly Flows
Sentiment was decisively “Risk On” this week, with Levered funds attracting the lion’s share of capital. Traders piled nearly $300M into amplified bullish bets, signaling strong conviction in a market rally. Interestingly, Synthetic Income funds saw minor outflows, suggesting investors were less interested in yield harvesting and more focused on capturing raw price appreciation.
Where the Money Went This Week
| Category | Fund Count | AUM | 5 Day | 30 Day | 90 Day | YTD | 1 Year |
|---|---|---|---|---|---|---|---|
| Levered | 227 | $25,506.8M | $294M | $1,209M | $6,261M | $8,977M | $9,988M |
| Inverse | 46 | $1,400.7M | $42M | ($13M) | ($240M) | $1,484M | $1,289M |
| Currency Hedged | 10 | $14.7M | ($10M) | ($5M) | ($4M) | $4M | $4M |
| Synthetic Income | 98 | $10,543.0M | ($15M) | $1,415M | $3,167M | $15,072M | $15,574M |
Flow Leaders & Laggards: The ETF Tale of the Tape
The flow story this week was a tale of two tech giants. NVIDIA bulls roared back, funneling over $200M combined into NVDX and NVDL. Meanwhile, Tesla was the clear loser, with the TSLL fund bleeding a staggering $637M in assets as traders hit the eject button on the EV maker’s leveraged exposure.
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| Inflows | ||
| NVDX | T-Rex 2X Long NVIDIA Daily Target ETF | $120M |
| AVL | Direxion Daily AVGO Bull 2X Shares | $112M |
| AVGX | Defiance Daily Target 2X Long AVGO ETF | $108M |
| BMNU | T-REX 2X Long BMNR Daily Target ETF | $98M |
| NVDL | GraniteShares 2x Long NVDA Daily ETF | $91M |
| Outflows | ||
| TSLL | Direxion Daily TSLA Bull 2X Shares | -$637M |
| METU | Direxion Daily META Bull 2X Shares | -$107M |
| FBL | GraniteShares 2x Long META Daily ETF | -$55M |
| MSTY | YieldMax MSTR Option Income Strategy ETF | -$44M |
| AMDL | GraniteShares 2x Long AMD Daily ETF | -$32M |
Issuer League Table Update
In the issuer battleground, Direxion maintains its heavyweight title with over 32% market share, but T-Rex is punching well above its weight class. Despite having a smaller footprint, T-Rex dominated the flow game this week, pulling in over half a billion dollars, while industry leader Direxion suffered significant outflows driven by the Tesla reversal.
The Heavyweights: Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| Direxion | 51 | $12.02B | 32.06% |
| YieldMax | 41 | $8.21B | 21.91% |
| GraniteShares | 56 | $8.21B | 21.89% |
| T-Rex | 33 | $2.45B | 6.53% |
| Defiance | 48 | $2.40B | 6.41% |
Weekly Flows: Issuer Edition
| Brand | 5-Day Flow |
|---|---|
| Inflows | |
| T-Rex | $558M |
| Defiance | $128M |
| Tradr | $94M |
| Outflows | |
| Direxion | -$566M |
| YieldMax | -$53M |
| ADRhedged | -$10M |
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.
