Flows Update: Non-Traditional Funds & Fixed Income Capture $5B+

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Issuer League Tables

The U.S. ETF landscape now includes $13,191B in AUM across 4,758 products from 464 issuers. T-Rex led 1-day flows, collecting $5,694M, driven by massive interest in their leveraged single-stock products. SPDR followed with strong inflows of $2,346M, and iShares gathered $2,071M. On the other side, YieldMax saw the largest 1-day outflows at -$2,851M, followed by Invesco with -$1,600M.

Brand 1-Day Flow 30-Day Flow YTD Flow 1-Year Flow
Inflows
T-Rex $5,694M $6,162M $7.48B $6.90B
SPDR $2,346M $12,052M $67.33B $81.11B
iShares $2,071M $44,174M $304.54B $347.81B
JPMorgan $460M $5,871M $63.88B $65.92B
VanEck $354M ($29M) $2.47B $2.33B
Outflows
YieldMax ($2,851M) $14,543M $29.97B $32.15B
Invesco ($1,600M) $3,199M $56.09B $63.42B
Vanguard ($513M) $49,805M $360.98B $400.64B
Direxion ($462M) ($43M) ($8.65B) ($8.54B)
First Trust ($403M) $1,139M $12.35B $13.85B

Daily ETF Flow Analysis

Total 1-day net flows for all U.S. listed ETFs amounted to $6.32B. Non-Traditional funds led all asset classes with $2.65B in new assets, significantly aided by leveraged single-stock products. Fixed Income funds also saw robust demand, gathering $2.35B. Equity funds saw moderate inflows of $1.13B, while Commodity funds added $48M.

Asset Class 1-Day Flow 1-Week Flow 1-Month Flow YTD Flow 1-Year Flow
Non-Traditional $2,649M $21,134M $30,636M $101.90B $110.39B
Fixed Income $2,346M $8,277M $44,292M $397.53B $416.58B
Equity $1,125M $279,562M $13,614M $693.09B $799.91B
Commodity $48M $18,286M $3,099M $48.33B $46.97B
Digital Asset $47M ($3,741M) $5,610M $36.88B $43.52B
Alternative $42M $136M $543M $3.77B $3.77B
Currency $29M $85M $20M $0.63B $0.72B
Multi-Asset $28M $15M $601M $6.22B $7.05B
Category 1-Day Flow AUM
Top 10 Categories
Non-Traditional: Leverage | Inverse – Single Stock $5,439M $31.95B
Equity: U.S. Large Cap – Blend $2,070M $3,955.12B
Fixed Income: Taxable – Government Ultrashort $1,297M $192.28B
Equity: Global Ex-U.S. Large Cap – Blend $957M $903.54B
Equity: Sector – Financials $538M $97.53B
Equity: Sector – Information Technology $277M $340.01B
Fixed Income: Taxable – High Yield $201M $109.07B
Equity: Thematic – Disruptive Tech $200M $53.24B
Fixed Income: Taxable – Core $187M $375.94B
Fixed Income: Taxable – Emerging USD $154M $24.84B
Bottom 10 Categories
Non-Traditional: Synthetic Income – Single Stock ($1,551M) $9.24B
Equity: U.S. Large Cap Growth- ($1,166M) $1,245.93B
Non-Traditional: Synthetic Income – Equity ($936M) $142.79B
Equity: U.S. Small Cap – Blend ($545M) $319.88B
Equity: Specialty – Long | Short ($479M) $3.82B
Non-Traditional: Leverage | Inverse – Equity ($459M) $112.98B
Equity: Sector Consumer Staples ($364M) $26.79B
Equity: Sector- Health Care ($345M) $97.19B
Equity: Sector – Materials ($253M) $9.50B
Equity: Thematic – Multi-Sector ($179M) $25.42B

U.S. Size & Style

U.S. Large Cap Blend funds led inflows with $2.07B, while U.S. Large Cap Growth funds experienced significant outflows of -$1.17B. Small Cap Blend funds also saw outflows of -$545M. At the fund level, SPY led with $3.50B in inflows, while VOO (-$2.41B) and QQQ (-$1.33B) saw the largest redemptions.

Ticker Fund Name 1-Day Flow AUM
Top 5 Leaders
SPY SPDR S&P 500 ETF Trust $3,501M $700.6B
VUG Vanguard Growth ETF $163M $202.5B
IUSV iShares Core S&P US Value ETF $118M $24.0B
VTI Vanguard Total Stock Market ETF $117M $564.3B
MTUM iShares MSCI USA Momentum Factor ETF $111M $20.3B
Top 5 Laggards
VOO Vanguard S&P 500 ETF ($2,412M) $817.0B
QQQ Invesco QQQ Trust Series I ($1,327M) $400.5B
IWM iShares Russell 2000 ETF ($601M) $70.9B
WTV WisdomTree US Value Fund of Benef Interest ($391M) $2.0B
DIA SPDR Dow Jones Industrial Average ETF Trust ($213M) $41.7B

Global Ex-U.S. Size & Style

Global Ex-U.S. Large Cap Blend funds led inflows with $957M, while Emerging Large Cap funds added $52M. Fund-level inflows were driven by broad market exposure funds like EFA ($397M) and VEA ($254M).

Ticker Fund Name 1-Day Flow AUM
Top 5 Leaders
EFA iShares MSCI EAFE ETF $397M $68.6B
VEA Vanguard FTSE Developed Markets ETF $254M $185.5B
VXUS Vanguard Total International Stock ETF $154M $113.5B
QLTI GMO International Quality ETF $40M $0.1B
VSGX Vanguard ESG International Stock ETF $28M $5.4B
Top 5 Laggards
EFG iShares MSCI EAFE Growth ETF ($45M) $9.3B
BIDD iShares International Dividend Active ETF ($2M) $0.5B
HERD Pacer Cash Cows Fund of Funds ETF ($2M) $0.1B
RGEF Rockefeller Global Equity ETF ($2M) $0.7B
BBHM BBH Select Mid Cap ETF ($1M) $0.5B

Region & Country

Eurozone funds saw inflows of $17M, while Latin America funds experienced outflows of -$52M. The China A-share ETF CNYA led individual country funds with $29M, while Mexico’s EWW saw outflows of -$48M.

Ticker Fund Name 1-Day Flow AUM
Top 5 Leaders
CNYA iShares MSCI China A ETF $29M $0.21B
EIS iShares MSCI Israel ETF $10M $0.54B
TUR iShares MSCI Turkey ETF $9M $0.18B
FLGB Franklin FTSE United Kingdom ETF $8M $0.94B
EWM iShares MSCI Malaysia ETF $8M $0.28B
Top 5 Laggards
EWW iShares MSCI Mexico ETF ($48M) $1.90B
FLTW Franklin FTSE Taiwan ETF ($42M) $0.58B
EPI WisdomTree India Earnings Fund ($18M) $2.82B
ECH iShares MSCI Chile ETF ($10M) $1.04B
HEWJ iShares Currency Hedged MSCI Japan ETF ($5M) $0.50B

Sector & Industry

Financials led all sectors with $538M in inflows, followed by Information Technology at $277M. Consumer Staples and Health Care lagged, shedding -$364M and -$345M respectively. XLF ($320M) was the top fund leader.

Ticker Fund Name 1-Day Flow AUM
Top 5 Leaders
XLF State Street Financial Select Sector SPDR ETF $320M $51.8B
SMH VanEck Semiconductor ETF $300M $35.8B
KRE State Street SPDR S&P Regional Banking ETF $175M $3.7B
IXN iShares Global Tech ETF $157M $6.5B
IYH iShares U.S. Healthcare ETF $128M $3.7B
Top 5 Laggards
XBI State Street SPDR S&P Biotech ETF ($560M) $7.5B
XLP State Street Consumer Staples Select Sector SPDR ETF ($357M) $15.1B
IYM iShares U.S. Basic Materials ETF ($142M) $0.6B
IGV iShares Expanded Tech-Software Sector ETF ($125M) $8.1B
XLB State Street Materials Select Sector SPDR ETF ($111M) $5.0B

Thematic

Disruptive Tech led thematic inflows with $200M, followed by Precious Metals themes at $102M. Multi-Sector themes saw outflows of -$179M. MAGS ($157M) and ITB ($114M) were the top fund leaders.

Ticker Fund Name 1-Day Flow AUM
Top 5 Leaders
MAGS Roundhill Magnificent Seven ETF $157M $4.07B
ITB iShares U.S. Home Construction ETF $114M $2.75B
SILJ Amplify Junior Silver Miners ETF $86M $3.28B
XME State Street SPDR S&P Metals & Mining ETF $43M $2.71B
BAI iShares A.I. Innovation and Tech Active ETF $26M $7.91B
Top 5 Laggards
ARKK ARK Innovation ETF ($194M) $7.36B
XHB State Street SPDR S&P Homebuilders ETF ($43M) $1.67B
JTEK JPMorgan U.S. Tech Leaders ETF ($14M) $3.09B
IYZ iShares U.S. Telecommunications ETF ($13M) $0.61B
PBW Invesco WilderHill Clean Energy ETF ($10M) $0.64B

Fixed Income

Fixed Income funds saw strong inflows, led by Government ($1.67B) and Multi-Sector ($433M) funds. Ultrashort duration funds were the clear favorite, adding $1.37B, while Long duration funds saw outflows of -$192M. SGOV dominated with $1.23B in inflows.

Ticker Fund Name 1-Day Flow AUM
Top 5 Leaders
SGOV iShares 0-3 Month Treasury Bond ETF $1,225M $64.44B
VCIT Vanguard Intermediate-Term Corporate Bond ETF $235M $58.63B
HYG iShares iBoxx $ High Yield Corporate Bond ETF $185M $18.69B
EMB iShares JP Morgan USD Emerging Markets Bond ETF $125M $15.70B
JPST JPMorgan Ultra-Short Income ETF $124M $35.29B
Top 5 Laggards
VCLT Vanguard Long-Term Corporate Bond ETF ($192M) $7.84B
GSY Invesco Ultra Short Duration ETF ($156M) $3.25B
LQD iShares iBoxx $ Investment Grade Corporate Bond ETF ($89M) $32.64B
SPHY State Street SPDR Portfolio High Yield Bond ETF ($85M) $10.16B
IGSB iShares 1-5 Year Investment Grade Corporate Bond ETF ($85M) $21.67B

Commodity

Precious Metals funds drove commodity inflows with $75M, while Energy funds were relatively flat at $2M. IAU ($136M) and SLV ($123M) led gains, contrasting with significant outflows from GLD (-$234M).

Ticker Fund Name 1-Day Flow AUM
Top 5 Leaders
IAU iShares Gold Trust $136M $66.08B
SLV iShares Silver Trust $123M $29.32B
GLTR abrdn Physical Precious Metals Basket Shares ETF $28M $2.31B
PPLT abrdn Physical Platinum Shares ETF $23M $2.13B
UNG United States Natural Gas Fund LP $8M $0.56B
Top 5 Laggards
GLD SPDR Gold Shares ($234M) $142.82B
CMDT PIMCO Commodity Strategy Active Exchange-Traded Fund ($38M) $0.56B
OILK ProShares K-1 Free Crude Oil ETF of Benef Interest ($6M) $0.06B
AAAU Goldman Sachs Physical Gold ETF $0M $2.40B
BAR GraniteShares Gold Shares $0M $1.47B

Digital Assets

Digital Asset funds saw inflows into Altcoin ($77M) and Bitcoin ($48M) products, while Ethereum funds saw outflows of -$79M. FBTC ($67M) led individual fund inflows.

Ticker Fund Name 1-Day Flow AUM
Top 5 Leaders
FBTC Fidelity Wise Origin Bitcoin Fund $67M $17.22B
GXRP Grayscale XRP Trust ETF $52M $0.13B
BITO ProShares Bitcoin ETF $39M $2.41B
XRPZ Franklin XRP ETF $28M $0.11B
ETHA iShares Ethereum Trust ETF $27M $10.14B
Top 5 Laggards
IBIT iShares Bitcoin Trust ETF ($66M) $66.26B
ETHE Grayscale Ethereum Trust ETF ($50M) $2.57B
TSOL 21Shares Solana ETF ($33M) $0.04B
FETH Fidelity Ethereum Fund ETF ($32M) $1.97B
ETH Grayscale Ethereum Mini Trust ETF ($20M) $1.94B

Non-Traditional

Non-Traditional flows were massive, led by Leverage/Inverse strategies which gathered $5.12B. Synthetic Income funds saw large outflows of -$2.51B. T-Rex’s MSTU dominated with $5.03B in inflows, while YieldMax’s ULTY saw significant outflows of -$1.22B.

Ticker Fund Name 1-Day Flow AUM
Top 5 Leaders
MSTU T-Rex 2X Long MSTR Daily Target ETF $5,033M $5.48B
NVDX T-Rex 2X Long NVIDIA Daily Target ETF $253M $0.58B
TSLT T-REX 2X Long Tesla Daily Target ETF $245M $0.41B
JEPQ JPMorgan NASDAQ Equity Premium Income ETF $170M $31.76B
BTCL T-Rex 2X Long Bitcoin Daily Target ETF $100M $0.13B
Top 5 Laggards
ULTY YieldMax Ultra Option Income Strategy ETF ($1,222M) $0.13B
TSLY YieldMax TSLA Option Income Strategy ETF ($949M) $0.24B
SOXL Direxion Daily Semiconductor Bull 3x Shares ($446M) $12.93B
CONY YieldMax COIN Option Income Strategy ETF ($432M) $0.08B
CWVX Tradr 2X Long CRWV Daily ETF ($145M) $0.04B

Recent ETF Launches

The Grayscale Chainlink Trust ETF (GLNK) was the most recent fund to launch on 12/2. Innovator also launched several new buffer ETFs on 12/1. The table below lists the 10 newest funds to market.

Launch Date Ticker Fund Name Category AUM
12/2/2025 GLNK Grayscale Chainlink Trust ETF Unclassified $0.00M
12/1/2025 PMDE PGIM S&P 500 Max Buffer ETF – December Unclassified $2.00M
12/1/2025 DDTD Innovator Equity Dual Directional 10 Buffer ETF – December Unclassified $0.95M
12/1/2025 DDFD Innovator Equity Dual Directional 15 Buffer ETF – December Unclassified $25.62M
11/28/2025 SMQ Tradr 1X Short Innovation 100 Monthly ETF Unclassified $1.00M
11/25/2025 RGYY GraniteShares YieldBoost RGTI ETF Non-Traditional: Synthetic Income $0.00M
11/25/2025 QBY GraniteShares YieldBoost QBTS ETF Non-Traditional: Synthetic Income $0.00M
11/25/2025 OKLS Defiance Daily Target 2X Short OKLO ETF Non-Traditional: Leverage | Inverse $1.14M
11/25/2025 IND Xtrackers Nifty 500 India ETF Equity: Region – Country Specific $5.00M
11/25/2025 BWOW Bitwise Dogecoin ETF Digital Asset: Cryptocurrency $2.20M

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 December 2, 2025, and reflects create/redeem activity from Monday, December 1, 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.