Note: Flow data is reported on a T+1 basis. The flows in this report reflect create/redeem activity from the previous trading day, Friday, August 29, 2025.
Market Flow Summary
The U.S. ETF market recorded a total net inflow of $8.59 billion. The top issuer by inflow was SPDR, which collected $9.19 billion. The leading individual fund for inflows was the SPDR S&P 500 ETF Trust (SPY). On the other side of the ledger, Invesco experienced the largest outflows among issuers, shedding $1.21 billion. The fund with the most significant single-day outflow was the Invesco QQQ Trust Series I (QQQ). The most notable high-velocity brand activity was seen from Tuttle Capital, which experienced outflows representing 17.24% of its assets under management.
Flow Summary by Asset Class
Equity and Commodity asset classes saw the most significant inflows, attracting $7.17 billion and $1.68 billion, respectively. On a year-to-date basis, the Equity asset class continues to lead all categories, having accumulated over $412.89 billion in net new assets.
- Equity: 1D Flow: +$7.17B, 1M Flow: +$56.77B, YTD Flow: +$412.89B
- Commodity: 1D Flow: +$1.68B, 1M Flow: +$6.68B, YTD Flow: +$30.05B
- Fixed Income: 1D Flow: +$159.99M, 1M Flow: +$48.91B, YTD Flow: +$259.59B
- Currency: 1D Flow: -$2.74M, 1M Flow: -$95.18M, YTD Flow: +$540.21M
- Alternative: 1D Flow: -$44.59M, 1M Flow: +$767.18M, YTD Flow: +$3.24B
- Non-Traditional: 1D Flow: -$54.63M, 1M Flow: +$2.38B, YTD Flow: +$48.64B
- Multi-Asset: 1D Flow: -$75.28M, 1M Flow: +$842.98M, YTD Flow: +$3.32B
- Digital Asset: 1D Flow: -$247.30M, 1M Flow: +$3.60B, YTD Flow: +$31.09B
Top/Bottom Five Category Flows
The most significant activity at the category level was concentrated in U.S. Large Cap Blend equities, which saw substantial inflows, while U.S. Large Cap Growth equities experienced the largest redemptions. Precious Metals also attracted notable inflows. On the outflow side, Government Ultrashort and Short-term taxable fixed income categories saw considerable withdrawals.
Top 5 Category Inflows:
- Equity: U.S. Large Cap – Blend: +$9.43B
- Commodity: Focused – Precious Metals: +$1.65B
- Equity: Global Ex-U.S. Large Cap – Blend: +$823.82M
- Fixed Income: Taxable – Ultrashort: +$550.23M
- Fixed Income: Taxable – Corporate: +$453.60M
Bottom 5 Category Outflows:
- Equity: U.S. Large Cap – Growth: -$1.78B
- Fixed Income: Taxable – Government Ultrashort: -$1.36B
- Equity: U.S. Small Cap – Blend: -$720.55M
- Fixed Income: Taxable – Government Short: -$668.53M
- Equity: Sector – Industrial: -$460.48M
ETF Issuer Flow Analysis
SPDR led all issuers with a net inflow of $9.19 billion, representing +0.55% of its AUM. Conversely, Invesco saw the largest net outflow of $1.21 billion, a figure that equates to -0.16% of its total assets. Tuttle Capital registered as a top high-velocity brand with an outflow of $229.00 million, equivalent to -17.24% of its AUM.
Top & Bottom 5 Brands by Net Daily Flow
- Top 5 Brands by Inflows:
- SPDR: Aggregate AUM: $1,679.77B, 1D Flow: +$9.19B, 1D Flow as % of AUM: +0.55%
- Vanguard: Aggregate AUM: $3,525.68B, 1D Flow: +$1.38B, 1D Flow as % of AUM: +0.04%
- JPMorgan: Aggregate AUM: $242.03B, 1D Flow: +$471.71M, 1D Flow as % of AUM: +0.20%
- VanEck: Aggregate AUM: $100.89B, 1D Flow: +$365.20M, 1D Flow as % of AUM: +0.36%
- Dimensional: Aggregate AUM: $217.81B, 1D Flow: +$181.52M, 1D Flow as % of AUM: +0.08%
- Bottom 5 Brands by Outflows:
- Invesco: Aggregate AUM: $732.04B, 1D Flow: -$1.21B, 1D Flow as % of AUM: -0.16%
- Schwab: Aggregate AUM: $462.97B, 1D Flow: -$659.14M, 1D Flow as % of AUM: -0.14%
- Allianz: Aggregate AUM: $4.59B, 1D Flow: -$428.42M, 1D Flow as % of AUM: -8.54%
- iShares: Aggregate AUM: $3,658.70B, 1D Flow: -$281.47M, 1D Flow as % of AUM: -0.01%
- Tuttle Capital: Aggregate AUM: $1.10B, 1D Flow: -$229.00M, 1D Flow as % of AUM: -17.24%
High-Velocity Brands (Aggregate AUM > $500M, 1D Flow > +/- 5% of AUM)
A few brands experienced daily flows representing a significant percentage of their total assets.
- Tuttle Capital: Aggregate AUM: $1.10B, 1D Flow: -$229.00M, 1D Flow as % of AUM: -17.24%
- SMI Funds: Aggregate AUM: $802.37M, 1D Flow: -$115.71M, 1D Flow as % of AUM: -12.60%
- Allianz: Aggregate AUM: $4.59B, 1D Flow: -$428.42M, 1D Flow as % of AUM: -8.54%
Significant Single-Fund Movements
Note: The high-velocity flow data has exhibited significant noise over the past several trading sessions. This is likely attributable to month-end rebalancing activities, which often involve heartbeat trades designed for tax efficiency rather than reflecting broad market sentiment.
The SPDR S&P 500 ETF Trust (SPY) led all funds with an inflow of $8.16 billion. The largest redemption was seen in the Invesco QQQ Trust Series I (QQQ), which experienced an outflow of $2.54 billion.
Largest Absolute Daily Flows (Net Flows > $250M)
- Largest Inflows:
- SPDR S&P 500 ETF Trust (SPY): AUM: $662.95B, 1D Flow: +$8.16B, 1D Flow as % of AUM: +1.25%
- SPDR Gold Shares (GLD): AUM: $109.18B, 1D Flow: +$1.42B, 1D Flow as % of AUM: +1.32%
- Vanguard Total International Stock ETF (VXUS): AUM: $102.67B, 1D Flow: +$755.61M, 1D Flow as % of AUM: +0.74%
- iShares Russell 1000 ETF (IWB): AUM: $43.66B, 1D Flow: +$744.43M, 1D Flow as % of AUM: +1.73%
- iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD): AUM: $30.24B, 1D Flow: +$395.17M, 1D Flow as % of AUM: +1.32%
- Invesco Large Cap Growth ETF (PWB): AUM: $1.57B, 1D Flow: +$327.58M, 1D Flow as % of AUM: +26.29%
- VanEck Semiconductor ETF (SMH): AUM: $27.24B, 1D Flow: +$304.73M, 1D Flow as % of AUM: +1.13%
- Direxion Daily Semiconductor Bull 3x Shares (SOXL): AUM: $11.29B, 1D Flow: +$284.74M, 1D Flow as % of AUM: +2.59%
- Largest Outflows:
- Invesco QQQ Trust Series I (QQQ): AUM: $363.02B, 1D Flow: -$2.54B, 1D Flow as % of AUM: -0.69%
- iShares Russell 2000 ETF (IWM): AUM: $66.38B, 1D Flow: -$740.86M, 1D Flow as % of AUM: -1.10%
- iShares 0-3 Month Treasury Bond ETF (SGOV): AUM: $55.32B, 1D Flow: -$715.21M, 1D Flow as % of AUM: -1.28%
- Schwab Short-Term US Treasury ETF (SCHO): AUM: $11.14B, 1D Flow: -$593.16M, 1D Flow as % of AUM: -5.06%
- SPDR Bloomberg 1-3 Month T-Bill ETF (BIL): AUM: $41.57B, 1D Flow: -$458.88M, 1D Flow as % of AUM: -1.09%
- iShares Semiconductor ETF (SOXX): AUM: $13.11B, 1D Flow: -$306.48M, 1D Flow as % of AUM: -2.29%
- AllianzIM U.S. Large Cap 6 Month Buffer10 Jan/Jul ETF (SIXJ): AUM: $435.36M, 1D Flow: -$269.32M, 1D Flow as % of AUM: -38.22%
High-Velocity Inflows (AUM > $100M, 1D Flow > +5% of AUM)
- Invesco Leisure and Entertainment ETF (PEJ): AUM: $467.41M, 1D Flow: +$105.39M, 1D Flow as % of AUM: +29.11%
- Invesco Large Cap Growth ETF (PWB): AUM: $1.57B, 1D Flow: +$327.58M, 1D Flow as % of AUM: +26.29%
- FT Vest U.S. Equity Quarterly Dynamic Buffer ETF (FHDG): AUM: $147.56M, 1D Flow: +$28.38M, 1D Flow as % of AUM: +23.81%
- Invesco Large Cap Value ETF (PWV): AUM: $1.40B, 1D Flow: +$214.67M, 1D Flow as % of AUM: +18.04%
- Invesco Semiconductors ETF (PSI): AUM: $850.51M, 1D Flow: +$121.95M, 1D Flow as % of AUM: +16.74%
- VanEck Fabless Semiconductor ETF (SMHX): AUM: $138.03M, 1D Flow: +$19.34M, 1D Flow as % of AUM: +16.30%
- Invesco Building & Construction ETF (PKB): AUM: $323.30M, 1D Flow: +$34.80M, 1D Flow as % of AUM: +12.06%
- Defiance Daily Target 2X Long HIMS ETF (HIMZ): AUM: $164.08M, 1D Flow: +$17.39M, 1D Flow as % of AUM: +11.85%
- YieldMax Gold Miners Option Income Strategy ETF (GDXY): AUM: $134.64M, 1D Flow: +$12.67M, 1D Flow as % of AUM: +10.39%
- ProShares UltraShort S&P500 (SDS): AUM: $445.85M, 1D Flow: +$32.67M, 1D Flow as % of AUM: +7.91%
- ProShares Ultra Gold (UGL): AUM: $601.34M, 1D Flow: +$43.32M, 1D Flow as % of AUM: +7.76%
- Invesco Ultra Short Duration ETF (GSY): AUM: $3.13B, 1D Flow: +$210.87M, 1D Flow as % of AUM: +7.22%
- Schwab Government Money Market ETF (SGVT): AUM: $105.55M, 1D Flow: +$5.03M, 1D Flow as % of AUM: +5.00%
- GraniteShares YieldBOOST TSLA ETF (TSYY): AUM: $146.35M, 1D Flow: +$6.84M, 1D Flow as % of AUM: +4.90%
High-Velocity Outflows (AUM > $100M, 1D Flow > -5% of AUM)
- AllianzIM U.S. Large Cap 6 Month Buffer10 Jan/Jul ETF (SIXJ): AUM: $435.36M, 1D Flow: -$269.32M, 1D Flow as % of AUM: -38.22%
- AllianzIM U.S. Large Cap Buffer10 Jan ETF (JANT): AUM: $162.39M, 1D Flow: -$97.51M, 1D Flow as % of AUM: -37.52%
- AllianzIM U.S. Large Cap Buffer20 Jan ETF (JANW): AUM: $495.61M, 1D Flow: -$198.24M, 1D Flow as % of AUM: -28.57%
- SPDR S&P Retail ETF (XRT): AUM: $416.89M, 1D Flow: -$130.53M, 1D Flow as % of AUM: -23.85%
- Select STOXX Europe Aerospace & Defense ETF (EUAD): AUM: $1.05B, 1D Flow: -$229.00M, 1D Flow as % of AUM: -17.95%
- Columbia U.S. Equity Income ETF (EQIN): AUM: $239.30M, 1D Flow: -$46.02M, 1D Flow as % of AUM: -16.13%
- Alpha Architect US Equity ETF (AAUS): AUM: $463.36M, 1D Flow: -$83.57M, 1D Flow as % of AUM: -15.28%
- GraniteShares 2x Short NVDA Daily ETF (NVD): AUM: $171.61M, 1D Flow: -$29.11M, 1D Flow as % of AUM: -14.50%
- SMI 3Fourteen REAL Asset Allocation ETF (RAA): AUM: $461.72M, 1D Flow: -$68.50M, 1D Flow as % of AUM: -12.92%
- SMI 3Fourteen Full-Cycle Trend ETF (FCTE): AUM: $340.65M, 1D Flow: -$47.21M, 1D Flow as % of AUM: -12.17%
- Vident U.S. Equity Strategy ETF (VUSE): AUM: $630.93M, 1D Flow: -$72.61M, 1D Flow as % of AUM: -10.32%
- American Century U.S. Quality Value ETF (VALQ): AUM: $254.31M, 1D Flow: -$28.79M, 1D Flow as % of AUM: -10.17%
- FlexShares Quality Dividend Index Fund (QDF): AUM: $1.93B, 1D Flow: -$187.40M, 1D Flow as % of AUM: -8.86%
- CoinShares Bitcoin Mining ETF (WGMI): AUM: $174.76M, 1D Flow: -$16.10M, 1D Flow as % of AUM: -8.43%
- Harbor Osmosis International Resource Efficient ETF (EFFI): AUM: $132.15M, 1D Flow: -$10.71M, 1D Flow as % of AUM: -7.50%
- Simplify US Equity PLUS Upside Convexity ETF (SPUC): AUM: $104.87M, 1D Flow: -$8.34M, 1D Flow as % of AUM: -7.37%
- American Century U.S. Quality Growth ETF (QGRO): AUM: $1.90B, 1D Flow: -$138.16M, 1D Flow as % of AUM: -6.78%
- Direxion Daily FTSE China Bull 3X Shares (YINN): AUM: $1.14B, 1D Flow: -$70.16M, 1D Flow as % of AUM: -5.82%
- Solana ETF (SOLZ): AUM: $156.76M, 1D Flow: -$8.94M, 1D Flow as % of AUM: -5.39%
- SPDR S&P Bank ETF (KBE): AUM: $1.55B, 1D Flow: -$85.43M, 1D Flow as % of AUM: -5.23%
- iShares U.S. Utilities ETF (IDU): AUM: $1.56B, 1D Flow: -$86.12M, 1D Flow as % of AUM: -5.23%
- SPDR S&P Insurance ETF (KIE): AUM: $815.59M, 1D Flow: -$44.17M, 1D Flow as % of AUM: -5.14%
- Schwab Short-Term US Treasury ETF (SCHO): AUM: $11.14B, 1D Flow: -$593.16M, 1D Flow as % of AUM: -5.06%
Custom Analysis and Daily Data
The data summaries presented in this report were generated using the powerful dashboarding capabilities of the ETF Action Navigator tool. This institutional-grade platform provides users with the ability to conduct deep, customized analysis by filtering, sorting, and grouping the entire ETF universe across hundreds of distinct data points. From high-level asset class trends to granular single-fund metrics, Navigator allows for the creation of bespoke dashboards tailored to any workflow, ensuring you can track the flows and metrics that matter most to your strategy.
Disclosures
- Large Flow Activity: Significant single-day inflows or outflows may not always represent typical market sentiment. Such anomalies can be linked to strategic actions, including tax-efficient rebalancing through custom create/redeem processes. Monitoring these flows over a multi-day period is recommended for a comprehensive analysis.
- AI Generated Content: This report was generated with assistance from AI.
