ETF Daily Flow & League Tables Report: Semiconductors & Bitcoin Climb While Broad Tech Struggles

Issuer League Tables

The issuer landscape reveals notable divergence, with iShares capturing $3,313M in absolute daily flows, followed by Vanguard at $2,227M. Conversely, SPDR recorded the most significant daily outflows, shedding $884M, while ProShares reported a contraction of $681M. Analyzing flows relative to total assets under management, smaller issuers like Founder and IDX experienced substantial daily percentage increases of 31.13% and 7.53%, respectively. In contrast, Gadsden and Alexis posted relative asset declines of 15.00% and 9.80% within the same single-day observation period.

Top 5 / Bottom 5 Issuer Flows (Absolute)

Top 5 / Bottom 5 Issuer Flows (Relative to AUM)

Daily ETF Flow Analysis

Aggregate daily flows across all asset classes reached $7,526M, elevating total year-to-date inflows to $604,221M. The Equity category led daily allocations by securing $7,025M, heavily concentrated in the U.S. Large Cap – Blend segment which absorbed $3,236M. Fixed Income and Digital Asset categories followed with positive single-day additions of $1,848M and $129M. Meanwhile, Non-Traditional and Commodity funds experienced aggregate single-day outflows of $955M and $474M, largely influenced by redemptions in Leverage | Inverse Equity products and Precious Metals funds.

Asset Class Flows

Top 10 / Bottom 10 Category Flows

U.S. Size & Style

U.S. Size & Style funds displayed concentrated activity within large-cap mandates, spearheaded by IVV adding $1,851M. VOO and QQQ followed with positive single-day flows of $708M and $358M, respectively, reinforcing the focus on broad market blends. Small-cap blend funds saw corresponding reductions, as IWM recorded $634M in outflows. Additional outflows were observed in equal-weight and minimum volatility strategies, with RSP shedding $310M and USMV declining by $47M.

Size & Style ex-U.S.

The Size & Style ex-U.S. category exhibited mixed flows across developed and emerging market strategies. JDVI captured the top position with $637M in daily inflows, representing a substantial portion of its $0.7B in total assets. AVDE and IDEV followed with additions of $124M and $105M, respectively. On the laggard side, JHMD experienced outflows of $318M, while DIHP and AVDV reported daily asset reductions of $72M and $22M.

Sector & Industry

Sector and Industry flow metrics were led by the Semiconductor space, as SOXX absorbed $750M in daily allocations. XLI and XLP also posted positive net flows of $278M and $125M during the session. Conversely, technology-focused products faced reductions, with IGV shedding $702M and XLK declining by $358M. The Consumer Discretionary and Energy sectors likewise recorded net daily outflows, as XLY and XLE shed $418M and $157M, respectively.

Region & Country

Single-country and regional funds saw focused activity within Asian markets during the trading session. AIA attracted $54M in net inflows, closely followed by EWT with $42M and FLTW adding $32M. Conversely, European and Canadian equities faced asset withdrawals, as EZU shed $26M and EWC lost $17M. THD and FKU also registered modest outflows of $10M and $8M within the reporting period.

Thematic

Thematic funds displayed notable disparity, led by ARK Innovation ETF (ARKK) which recorded $715M in single-day inflows. Disruptive technology and infrastructure categories also attracted capital, as DRAM added $220M and FDN gathered $169M. Conversely, thematic resource funds experienced drawdowns, with COPX recording outflows of $47M and CCNR declining by $46M. Precious metals and genomics themes similarly ranked among the laggards, as GDX and ARKG shed $19M and $16M.

Fixed Income

Fixed Income funds saw robust demand within high yield and ultrashort duration segments. HYG led the category with $345M in net creations, while SGOV followed closely with $332M in single-day allocations. Investment grade corporate and short-duration treasury categories recorded the steepest declines, with LQD experiencing $230M in redemptions. SHY and SHV further extended the outflow trend, shedding $115M and $89M, respectively.

Commodity

Commodity allocations were heavily skewed by movements within precious metals and crude oil funds. SLV posted $40M in positive daily flows, followed by HGER and PDBA which added $26M and $15M. However, GLD registered the largest outflow across the segment, shedding $390M over the session. USO and IAUM also faced net redemptions, declining by $147M and $24M as investors repositioned physical commodity exposure.

Cryptocurrency

Cryptocurrency ETFs recorded divergent single-day activity between Bitcoin and Ethereum-focused instruments. IBIT secured $167M in daily allocations, supported by ARKB which gathered an additional $71M. Ethereum funds dominated the laggard list, as FETH experienced $51M in outflows and ETHA lost $21M. BITO and FBTC also encountered negative flows, shedding $25M and $17M during the trading period.

Non-Traditional

Non-Traditional strategies experienced substantial trading volumes across inverse and covered call mandates. SOXS led daily inflows by capturing $175M, while SQQQ and SPYI added $114M and $104M respectively. The category’s most significant drawdowns occurred in leveraged equity funds, with TQQQ reporting $652M in outflows and SOXL shedding $637M. Single-stock leveraged instruments also saw reductions, highlighted by NVDL losing $96M in daily assets.

Recent Launches

Product development remained active with 10 new funds entering the market over the recent measurement period. The Tradr suite expanded significantly, introducing five new ETFs on April 24, including AXTX, CPNX, MPWX, and STXX. Active management strategies continue to feature prominently among the newly launched vehicles, highlighted by the debut of Twin Oak Active Opportunities III ETF (TOAO). Pictet also introduced two emerging market products, RISE and EMFI, both operating under unclassified sector designations.