ETFs Add $4.6B as Small Cap Inflows Accelerate

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Issuer League Tables

The U.S. ETF landscape now includes $13,362B in AUM across 4,821 products from 469 issuers. Schwab led 1-day flows, collecting $4,232M, with Vanguard following closely behind with $4,211M. iShares saw the largest 1-day outflows at -$1,553M. SPDR also saw significant 1-day outflows of -$1,028M, while Goldman Sachs and T-Rex rounded out the top inflow leaders.

Brand 1-Day Flow 30-Day Flow YTD Flow 1-Year Flow
Inflows
Schwab $4,232M $7,269M $42.40B $46.03B
Vanguard $4,211M $106,017M $440.61B $450.32B
Goldman Sachs $1,334M $460M $8.12B $8.13B
T-Rex $845M $1,058M $2.70B $2.57B
T. Rowe Price $486M $927M $10.43B $10.85B
Outflows
iShares ($1,553M) ($19,598M) $266.26B $306.79B
SPDR ($1,028M) $32,535M $98.54B $89.44B
Xtrackers ($229M) ($162M) $0.73B $0.52B
Direxion ($224M) ($2,568M) ($10.90B) ($9.81B)
ARK ($101M) ($1.18B) ($1.48B) ($1.48B)

Daily ETF Flow Analysis

Total 1-day net flows for all U.S. listed ETFs amounted to $4.60B. Equity led all asset classes with $2.85B in new assets, followed by Non-Traditional funds which gathered $1.31B. Digital Asset funds saw the largest outflows, shedding -$584M, while Fixed Income funds saw net inflows of $949M.

Asset Class 1-Day Flow 1-Week Flow 1-Month Flow YTD Flow 1-Year Flow
Equity $2,853M $49,299M $126,050M $778,563M $834,646M
Non-Traditional $1,312M $963M $7,861M $84,251M $89,354M
Fixed Income $949M $7,851M $40,295M $418,869M $423,445M
Alternative $72M $207M $582M $4,030M $3,644M
MultiAsset- $21M $78M $2,902M $6,606M $7,133M
Currency $0M ($48M) $2M $569M $677M
Commodity ($25M) $2,756M $5,759M $51,980M $52,364M
Digital Asset ($584M) ($51M) ($930M) $37,120M $37,225M
Category 1-Day Flow AUM
Top 10 Categories
Equity: U.S. Large Cap – Blend $1,805M $3,988.17B
Equity: U.S. Small Cap – Blend $1,638M $334.09B
Non-Traditional: Leverage | Inverse – Single Stock $625M $28.01B
Fixed Income: Taxable – Core $496M $377.74B
Non-Traditional: Leverage | Inverse – Equity $325M $108.49B
Fixed Income: Taxable – Corporate $253M $161.44B
Fixed Income: Taxable – Government Ultrashort $192M $193.54B
Non-Traditional: Synthetic Income – Equity $166M $146.11B
Non-Traditional: Buffer – Equity $154M $79.15B
Equity: Sector – Consumer Discretionary $125M $36.39B
Bottom 10 Categories
Equity: U.S. Large Cap – Value ($397M) $908.43B
Equity: Sector – Energy ($371M) $45.22B
Digital Asset: Cryptocurrency – Bitcoin ($362M) $114.60B
Equity: U.S. Large Cap – Growth ($270M) $1,252.28B
Digital Asset: Cryptocurrency – Ethereum ($225M) $18.37B
Fixed Income: Taxable – High Yield ($200M) $111.86B
Equity: Sector – Financials ($183M) $102.03B
Fixed Income: Taxable – Short-Term ($107M) $147.85B
Equity: Global Ex-U.S. Large Cap – Blend ($94M) $924.48B
Fixed Income: Taxable – Emerging USD ($75M) $26.14B

U.S. Size & Style

Within U.S. equities, Large Cap Blend funds dominated, pulling in $1.81B, while Small Cap Blend funds also saw strong inflows of $1.64B. In contrast, U.S. Large Cap Value funds saw the largest outflows at -$397M, followed by U.S. Large Cap Growth funds at -$270M. At the fund level, VOO ($3,253M) and IWM ($1,359M) were the top two flow leaders, while IVV (-$3,078M) and DIA (-$1,164M) saw the most significant redemptions.

Ticker Fund Name 1-Day Flow AUM
Top 5 Leaders
VOO Vanguard S&P 500 ETF $3,253M $863.9B
IWM iShares Russell 2000 ETF $1,359M $76.3B
QQQ Invesco QQQ Trust Series I $611M $402.1B
TCAF T. Rowe Price Capital Appreciation Equity ETF $472M $6.7B
SPY SPDR S&P 500 ETF Trust $408M $722.0B
Top 5 Laggards
IVV iShares Core S&P 500 ETF ($3,078M) $671.5B
DIA SPDR Dow Jones Industrial Average ETF Trust ($1,164M) $42.5B
QQQM Invesco NASDAQ 100 ETF ($616M) $69.8B
IWY iShares Russell Top 200 Growth ETF ($356M) $16.2B
IJH iShares Core S&P Mid-Cap ETF ($168M) $102.9B

Global Ex-U.S. Size & Style

Global Ex-U.S. flows were mixed. Global Ex-U.S. Large Cap Value funds gathered $58M, while Large Cap Blend funds shed -$94M. Emerging Market Large Cap funds saw minor outflows of -$20M. Fund-level activity was topped by ACWI ($85M) and OAIM ($52M).

Ticker Fund Name 1-Day Flow AUM
Top 5 Leaders
ACWI iShares MSCI ACWI ETF $85M $24.5B
OAIM OneAscent International Equity ETF $52M $0.3B
QLTI GMO International Quality ETF $42M $0.3B
BINV Brandes International ETF $30M $0.4B
DFIV Dimensional International Value ETF $22M $15.6B
Top 5 Laggards
DBEF Xtrackers MSCI EAFE Hedged Equity ETF ($235M) $8.3B
GLOV Activebeta World Low Vol Plus Equity ETF ($41M) $1.5B
XSOE WisdomTree Emerging Markets ex-State-Owned Enterpris.. ($15M) $1.8B
SEEM SEI Select Emerging Markets Equity ETF ($8M) $0.3B
ILOW AB International Low Volatility Equity ETF ($6M) $1.5B

Region & Country

Region-specific funds were relatively quiet, with Asia-Pacific funds gathering $23M while Eurozone funds saw outflows of -$39M. At the fund level, ASHR ($16M) was the leader, while EWQ (-$27M) and KSA (-$13M) were the top laggards.

Ticker Fund Name 1-Day Flow AUM
Top 5 Leaders
ASHR Xtrackers Harvest CSI 300 China A-Shares ETF $16M $1.80B
BBAX JPMorgan BetaBuilders Developed Asia Pacific ex-Japan E.. $6M $5.58B
FDD First Trust Stoxx European Select Dividend Index Fund $3M $0.66B
VPL Vanguard FTSE Pacific ETF $1M $8.50B
VGK Vanguard FTSE Europe ETF $0M $28.97B
Top 5 Laggards
EWQ iShares MSCI France ETF ($27M) $0.37B
KSA iShares MSCI Saudi Arabia ETF ($13M) $0.63B
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF ($7M) $0.06B
HEDJ WisdomTree Europe Hedged Equity Fund ($5M) $1.77B
FLGR Franklin FTSE Germany ETF ($3M) $0.05B

Sector & Industry

On a sector basis, Consumer Discretionary led with $125M in 1-day flows, followed by Real Estate at $108M and Consumer Staples at $80M. Energy saw the largest outflows at -$371M, followed by Financials (-$183M). XBI ($230M) was the top fund-level leader, while XLE (-$393M) was the top laggard.

Ticker Fund Name 1-Day Flow AUM
Top 5 Leaders
XBI State Street SPDR S&P Biotech ETF $230M $8.0B
SOXX iShares Semiconductor ETF $119M $16.6B
XLP State Street Consumer Staples Select Sector SPDR ETF $80M $15.5B
XRT State Street SPDR S&P Retail ETF $75M $0.5B
XLY State Street Consumer Discretionary Select Sector SPD.. $49M $24.6B
Top 5 Laggards
XLE State Street Energy Select Sector SPDR ETF ($393M) $26.9B
XLV State Street Health Care Select Sector SPDR ETF ($172M) $40.7B
XLF State Street Financial Select Sector SPDR ETF ($146M) $54.1B
SMH VanEck Semiconductor ETF ($106M) $36.0B
KRE State Street SPDR S&P Regional Banking ETF ($71M) $4.0B

Thematic

Thematic funds were led by the Precious Metals category, which gathered $49M, followed by Multi-Sector ($37M) and Infrastructure ($26M). Evolving Consumer funds saw minor outflows of -$5M. The XOVR ($140M) and SIL ($24M) ETFs led fund-level inflows, while ARKK (-$103M) saw the largest redemptions.

Ticker Fund Name 1-Day Flow AUM
Top 5 Leaders
XOVR ERShares Private-Public Crossover ETF $140M $0.84B
SIL Global X Silver Miners ETF $24M $4.67B
CIBR First Trust NASDAQ Cybersecurity ETF $22M $10.93B
SILJ Amplify Junior Silver Miners ETF $19M $3.73B
NLR VanEck Uranium and Nuclear ETF $16M $3.63B
Top 5 Laggards
ARKK ARK Innovation ETF ($103M) $7.58B
URA Global X Uranium ETF ($18M) $5.24B
XHB State Street SPDR S&P Homebuilders ETF ($11M) $1.67B
MAGS Roundhill Magnificent Seven ETF ($11M) $4.09B
WGMI CoinShares Bitcoin Mining ETF ($10M) $0.21B

Fixed Income

Fixed Income funds saw net inflows. By type, Multi-Sector led with $683M, followed by Government ($329M). High Yield funds saw the largest outflows at -$200M. SGOV ($246M) and JBND ($221M) were the top individual fund leaders.

Ticker Fund Name 1-Day Flow AUM
Top 5 Leaders
SGOV iShares 0-3 Month Treasury Bond ETF $246M $66.45B
JBND JPMorgan Active Bond ETF $221M $4.65B
BND Vanguard Total Bond Market ETF $193M $144.96B
VCIT Vanguard Intermediate-Term Corporate Bond ETF $193M $59.14B
SPIB State Street SPDR Portfolio Intermediate Term Corporate.. $101M $11.00B
Top 5 Laggards
USHY iShares Broad USD High Yield Corporate Bond ETF ($213M) $25.45B
IGSB iShares 1-5 Year Investment Grade Corporate Bond ETF ($124M) $21.67B
LQD iShares iBoxx $ Investment Grade Corporate Bond ETF ($88M) $31.39B
JAAA Janus Henderson AAA CLO ETF ($81M) $24.37B
EMB iShares JP Morgan USD Emerging Markets Bond ETF ($77M) $16.66B

Commodity

Commodity funds experienced mixed flows, driven by the Precious Metals category, which gained $45M. Energy funds saw outflows of -$56M. Fund-level activity was led by IAU ($65M) leading inflows, while SLV (-$87M) and USO (-$68M) drove the outflows.

Ticker Fund Name 1-Day Flow AUM
Top 5 Leaders
IAU iShares Gold Trust $65M $67.95B
GLDM SPDR Gold Minishares Trust of beneficial interest $34M $25.58B
PPLT abrdn Physical Platinum Shares ETF $32M $2.39B
UNG United States Natural Gas Fund LP $15M $0.56B
HGER Harbor Commodity All-Weather Strategy ETF $5M $1.28B
Top 5 Laggards
SLV iShares Silver Trust ($87M) $32.88B
USO United States Oil Fund LP ($68M) $1.01B
FTGC First Trust Global Tactical Commodity Strategy Fund ($13M) $2.10B
PDBC Invesco Optimum Yield Diversified Commodity Strategy N.. ($13M) $4.66B
DBE Invesco DB Energy Fund ($3M) $0.04B

Digital Assets

Digital Asset funds experienced outflows, with Bitcoin funds (-$362M) and Ethereum funds (-$225M) both seeing significant 1-day redemptions. XRPZ ($8M) and BTF ($4M) were the only notable leaders, while FBTC (-$230M) and ETHA (-$139M) drove the outflows.

Ticker Fund Name 1-Day Flow AUM
Top 5 Leaders
XRPZ Franklin XRP ETF $8M $0.17B
BTF CoinShares Bitcoin and Ether ETF $4M $0.03B
GLNK Grayscale Chainlink Trust ETF $2M $0.07B
GXRP Grayscale XRP Trust ETF $1M $0.20B
GSOL Grayscale Solana Trust ETF $1M $0.15B
Top 5 Laggards
FBTC Fidelity Wise Origin Bitcoin Fund ($230M) $17.15B
ETHA iShares Ethereum Trust ETF ($139M) $10.69B
BITB Bitwise Bitcoin ETF Trust ($44M) $3.43B
ETHE Grayscale Ethereum Trust ETF ($35M) $2.66B
ARKB ARK 21Shares Bitcoin ETF ($34M) $3.31B

Non-Traditional

Non-Traditional funds saw strong inflows of $1.31B, led by Leverage | Inverse products which gathered a massive $625M (Single Stock). Synthetic Income products added $166M (Equity) and $119M (Total). At the fund level, the leveraged NVDX ($224M) and ROBN ($194M) led inflows, while the single-stock leveraged TSLL (-$342M) and UJUL (-$60M) saw the largest redemptions.

Ticker Fund Name 1-Day Flow AUM
Top 5 Leaders
NVDX T-Rex 2X Long NVIDIA Daily Target ETF $224M $0.80B
ROBN T-Rex 2X Long HOOD Daily Target ETF $194M $0.38B
SOXL Direxion Daily Semiconductor Bull 3x Shares $191M $11.95B
TQQQ ProShares UltraPro QQQ $166M $29.42B
TSLT T-REX 2X Long Tesla Daily Target ETF $152M $0.59B
Top 5 Laggards
TSLL Direxion Daily TSLA Bull 2X Shares ($342M) $7.07B
UJUL Innovator U.S. Equity Ultra Buffer ETF – July ($60M) $0.16B
BALT Innovator Defined Wealth Shield ETF ($54M) $2.11B
QQQI NEOS Nasdaq 100 High Income ETF ($50M) $6.79B
AMDY YieldMax AMD Option Income Strategy ETF ($46M) $0.18B

Recent ETF Launches

The Baron First Principles ETF (RONB) and Invesco Galaxy Solana ETF (QSOL) were among the most recent funds to launch on 12/15/2025. The table below lists the 10 newest funds to market, including several new products from Baron and Invesco. Click the header above to explore the full ETF database, where you can sort by inception date to see all new funds.

Launch Date Ticker Fund Name Category AUM
12/15/2025 RONB Baron First Principles ETF Unclassified $51.56M
12/15/2025 QSOL Invesco Galaxy Solana ETF Unclassified $2.19M
12/15/2025 BCTK Baron Technology ETF Unclassified $136.57M
12/15/2025 BCSM Baron SMID Cap ETF Unclassified $0.98M
12/15/2025 BCFN Baron Financials ETF Unclassified $55.03M
12/12/2025 YLDW Westwood Enhanced Income Opportunity ETF Unclassified $0.00M
12/12/2025 XCHG AB US Equity ETF Unclassified $658.43M
12/11/2025 UPSG Leverage Shares 2X Long UPS Daily ETF Unclassified $0.38M
12/11/2025 TOXR 21Shares XRP ETF Beneficial INT SH Unclassified $225.95M
12/11/2025 TACN T. Rowe Price Active Core International Equity ETF Unclassified $15.20M

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 12/16/2025, and reflects create/redeem activity from Monday, 12/15/2025.

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.