Invesco Leads Issuers with $11.78B Haul Driven by Massive QQQ Inflow

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Issuer League Tables

Note on Flow Volatility: Daily flow outliers may be driven by specialized portfolio rebalancing. With the continued growth of actively managed ETFs, these events occur with greater frequency and often do not align with traditional, scheduled index rebalance dates.

Invesco dominated the issuer league table, attracting $11.78B in net inflows, significantly boosting its year-to-date total to $56.75B. Vanguard and SPDR also posted strong results, gathering $7.06B and $5.95B respectively, with Vanguard reversing a recent five-day outflow trend of ($5.67B). On the other end of the spectrum, VanEck experienced the largest daily outflow at ($1.31B), erasing a portion of its $9.54B year-to-date intake. iShares also saw significant redemptions, losing ($666.8M) and extending its five-day outflows to over ($10.05B).

Issuer Flows (Absolute)

Brand AUM 1 Day 5 Day 30 Day YTD 1 Year
Top 5 Leaders
Invesco $983.66B $11.78B $3.26B $20.36B $56.75B $98.66B
Vanguard $4,491.06B $7.06B ($5.67B) $36.67B $273.07B $526.74B
SPDR $1,975.82B $5.95B $3.40B $21.85B $67.70B $132.63B
JPMorgan $325.65B $903.6M $1.03B $5.67B $38.63B $74.34B
Roundhill $35.44B $411.5M $4.06B $9.99B $21.72B $26.70B
Top 5 Laggards
VanEck $160.35B ($1.31B) $1.42B ($492.2M) $9.54B $19.41B
iShares $4,559.05B ($666.8M) ($10.05B) $69.53B $227.95B $476.73B
Defiance $12.12B ($156.7M) $43.8M $1.52B $4.33B $8.10B
GraniteShares $13.10B ($107.8M) ($226.1M) $361.8M $706.0M $2.55B
Direxion $75.79B ($104.1M) $339.6M ($233.9M) ($14.33B) ($30.16B)

Issuer Flows (Relative to AUM)

Brand AUM 1 Day Flow 1 Day Flow % of AUM
Top 5 Leaders
Hennessy $137.6M $42.3M 30.73%
Gadsden $247.4M $39.5M 15.95%
Corgi $799.6M $121.5M 15.19%
ClearBridge $480.2M $38.8M 8.08%
Meridian $1.56B $122.5M 7.84%
Top 5 Laggards
EA Series Trust $77.7M ($6.6M) (8.49%)
CoinShares $640.1M ($45.3M) (7.07%)
Clough $109.5M ($2.8M) (2.52%)
21Shares $2.14B ($39.9M) (1.87%)
Baron $806.4M ($13.0M) (1.62%)

Daily ETF Flow Analysis

The ETF market saw robust net inflows of $29.33B, bringing the year-to-date total to over $1.06 trillion. Equity funds were the primary driver, collecting $21.97B, a sharp positive turn from the prior week’s ($13.75B) in outflows. Fixed Income products also saw healthy demand, adding $6.54B for the day. In contrast, Commodity and Digital Asset funds continued their recent negative trends, shedding ($521.2M) and ($293.8M) respectively, with both asset classes also showing outflows over the past month and year-to-date. U.S. Large Cap Growth ($10.87B) and Blend ($7.57B) were the top gathering categories, while Precious Metals saw the largest redemptions at ($721.3M).

Asset Class Flows

Asset Class AUM 1 Day 1 Week 1 Month YTD 1 Year
Equity $12,207.87B $21.97B ($13.75B) $162.68B $684.02B $1,246.45B
Fixed Income $2,592.18B $6.54B $19.02B $58.65B $333.27B $586.70B
Commodity $307.27B ($521.2M) ($1.59B) ($6.49B) ($7.90B) $27.64B
Alternative $12.78B $61.7M $95.5M $56.6M $3.22B $5.54B
Multi-Asset $39.77B $161.3M $78.5M $898.6M $6.95B $12.03B
Currency $2.95B $10.4M $17.6M $80.5M $663.5M $186.4M
Non-Traditional $499.86B $1.41B $4.59B $14.45B $50.09B $81.61B
Digital Asset $86.05B ($293.8M) ($1.89B) ($4.50B) ($6.53B) $14.18B
Total $15,748.74B $29.33B $6.57B $225.83B $1,063.79B $1,974.34B

Category Flows (Top/Bottom 10)

Category AUM 1 Day Flow
Top 10 Leaders
Equity: U.S. Large Cap – Growth $1,468.46B $10.87B
Equity: U.S. Large Cap – Blend $4,665.32B $7.57B
Fixed Income: Taxable – Government Ultrashort $264.18B $2.17B
Fixed Income: Taxable – Core $420.43B $1.37B
Equity: U.S. Large Cap – Value $1,065.65B $981.4M
Fixed Income: Taxable – Ultrashort $194.59B $846.2M
Fixed Income: Taxable – Government Long $130.30B $758.0M
Non-Traditional: Synthetic Income – Equity $189.60B $710.0M
Fixed Income: Taxable – Corporate $181.32B $622.5M
Equity: U.S. Mid Cap – Blend $446.41B $582.0M
Bottom 10 Laggards
Commodity: Focused – Precious Metals $277.20B ($721.3M)
Equity: U.S. Small Cap – Blend $395.64B ($693.8M)
Equity: Sector – Information Technology $497.81B ($607.7M)
Digital Asset: Cryptocurrency – Bitcoin $73.91B ($313.3M)
Equity: Global Ex-U.S. Small | Mid Cap $68.53B ($290.5M)
Equity: Sector – Energy $60.61B ($189.7M)
Equity: Sector – Materials $14.13B ($163.5M)
Equity: Thematic – FinTech $4.51B ($161.8M)
Fixed Income: Taxable – High Yield $115.23B ($141.9M)
Fixed Income: Taxable – Short-Term $166.32B ($122.3M)

U.S. Size & Style

U.S. large-cap funds saw immense and divergent activity, led by a staggering $10.62B inflow into the Invesco QQQ Trust Series I (QQQ). S&P 500 trackers also saw heavy volume, with the State Street SPDR S&P 500 ETF (SPY) and Vanguard S&P 500 ETF (VOO) adding $4.70B and $4.23B. Conversely, the iShares Core S&P 500 ETF (IVV) experienced the day’s largest single-fund outflow at ($3.63B). Small-cap funds faced headwinds, exemplified by the iShares Russell 2000 ETF (IWM) which shed ($987.3M).

Ticker Name AUM 1 Day Flow
Top 5 Leaders
QQQ Invesco QQQ Trust Series I $488.91B $10.62B
SPY State Street SPDR S&P 500 ETF $779.06B $4.70B
VOO Vanguard S&P 500 ETF $981.12B $4.23B
RSP Invesco S&P 500 Equal Weight ETF $95.21B $772.3M
SPYM State Street SPDR Portfolio S&P 500 ETF $155.19B $566.0M
Top 5 Laggards
IVV iShares Core S&P 500 ETF $885.43B ($3.63B)
IWM iShares Russell 2000 ETF $82.16B ($987.3M)
DIA State Street SPDR Dow Jones Industrial Average ETF Trust $44.90B ($522.3M)
IWF iShares Russell 1000 Growth ETF $126.95B ($504.1M)
PBUS Invesco MSCI USA ETF $11.31B ($211.2M)

Explore the U.S. Size & Style Explorer →

Size & Style ex-U.S.

Flows in the ex-U.S. equity space were led by the iShares MSCI EAFE Value ETF (EFV), which attracted $303.8M in new assets. Emerging markets also saw some interest, with the Avantis Emerging Markets Equity ETF (AVEM) gathering $112.3M. On the redemption side, the iShares MSCI EAFE Small-Cap ETF (SCZ) recorded the largest outflow of the category, with investors pulling ($279.9M). The Avantis International Small Cap Value ETF (AVDV) also saw a modest outflow of ($15.4M).

Ticker Name AUM 1 Day Flow
Top 5 Leaders
EFV iShares MSCI EAFE Value ETF $24.03B $303.8M
AVEM Avantis Emerging Markets Equity ETF $25.68B $112.3M
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF $1.72B $38.3M
DIVI Franklin International Core Dividend Tilt Index Fund $2.59B $38.1M
ESGE iShares ESG Aware MSCI EM ETF $6.77B $26.6M
Top 5 Laggards
SCZ iShares MSCI EAFE Small-Cap ETF $13.99B ($279.9M)
AVDV Avantis International Small Cap Value ETF $19.00B ($15.4M)
LVHI Franklin International Low Volatility High Dividend Index ETF $4.97B ($241.6K)
KEMX KraneShares MSCI Emerging Markets EX China Index ETF $133.8M ($20.4K)
EDGI 3EDGE Dynamic International Equity ETF $86.1M ($7.5K)

Explore the Global (ex-U.S.) Size & Style Explorer →

Sector & Industry

Sector flows presented a mixed picture, with significant movement in technology-related funds. The State Street Industrial Select Sector SPDR ETF (XLI) led all sectors with a $458.4M inflow. The semiconductor space was sharply divided, as the iShares Semiconductor ETF (SOXX) collected $419.4M while the VanEck Semiconductor ETF (SMH) experienced a substantial ($1.24B) redemption. The State Street Energy Select Sector SPDR ETF (XLE) was another notable laggard, shedding ($322.2M).

Ticker Name AUM 1 Day Flow
Top 5 Leaders
XLI State Street Industrial Select Sector SPDR ETF $33.83B $458.4M
SOXX iShares Semiconductor ETF $43.32B $419.4M
XLP State Street Consumer Staples Select Sector SPDR ETF $13.63B $295.7M
XLU State Street Utilities Select Sector SPDR ETF $23.20B $264.0M
XLK State Street Technology Select Sector SPDR ETF $123.71B $185.5M
Top 5 Laggards
SMH VanEck Semiconductor ETF $72.04B ($1.24B)
XLE State Street Energy Select Sector SPDR ETF $35.70B ($322.2M)
XLF State Street Financial Select Sector SPDR ETF $51.69B ($172.5M)
IYM iShares U.S. Basic Materials ETF $1.32B ($116.6M)
XLC State Street Communication Services Select Sector SPDR ETF $22.75B ($87.8M)

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Region & Country

Country and region-focused ETFs saw relatively moderate activity compared to broader categories. The iShares MSCI United Kingdom ETF (EWU) was the clear leader, pulling in $123.5M for the session. Other modest inflows were seen in the iShares MSCI Mexico ETF (EWW) with $30.1M and the JPMorgan BetaBuilders Japan ETF (BBJP) with $22.3M. On the other side of the ledger, the iShares MSCI South Korea ETF (EWY) registered the largest outflow at ($132.7M).

Ticker Name AUM 1 Day Flow
Top 5 Leaders
EWU iShares MSCI United Kingdom ETF $3.79B $123.5M
EWW iShares MSCI Mexico ETF $1.87B $30.1M
BBJP JPMorgan BetaBuilders Japan ETF $17.33B $22.3M
EPP iShares MSCI Pacific ex-Japan ETF $2.04B $15.8M
RAYJ Rayliant SMDAM Japan Equity ETF $38.6M $12.9M
Top 5 Laggards
EWY iShares MSCI South Korea ETF $22.73B ($132.7M)
AIA iShares Asia 50 ETF $4.99B ($48.1M)
FLJP Franklin FTSE Japan ETF $3.76B ($47.6M)
ILF iShares Latin America 40 ETF $3.68B ($42.0M)
EWM iShares MSCI Malaysia ETF $294.9M ($8.0M)

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Thematic

Thematic funds saw concentrated interest in specific technology niches, led by a $230.8M inflow into the Roundhill Memory ETF (DRAM). The ARK Innovation ETF (ARKK) also continued to attract assets, adding another $114.5M. Conversely, the iShares A.I. Innovation and Tech Active ETF (BAI) led redemptions with an outflow of ($168.7M). Other funds seeing outflows included the State Street SPDR S&P Metals & Mining ETF (XME) with ($83.5M) and the VanEck Digital Transformation ETF (DAPP) with ($64.9M).

Ticker Name AUM 1 Day Flow
Top 5 Leaders
DRAM Roundhill Memory ETF $24.59B $230.8M
ARKK ARK Innovation ETF $6.74B $114.5M
EUV Corgi Lithography & Semiconductor Photonics ETF $534.0M $105.0M
XHB State Street SPDR S&P Homebuilders ETF $1.95B $84.4M
GDX VanEck Gold Miners ETF $22.75B $67.6M
Top 5 Laggards
BAI iShares A.I. Innovation and Tech Active ETF $14.69B ($168.7M)
XME State Street SPDR S&P Metals & Mining ETF $4.37B ($83.5M)
DAPP VanEck Digital Transformation ETF $270.9M ($64.9M)
ICLN iShares Global Clean Energy ETF $2.80B ($58.6M)
ARKG ARK Genomic Revolution ETF $1.68B ($53.3M)

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Fixed Income

Fixed income flows were concentrated at the very short end of the curve and in broad market funds. The iShares 0-3 Month Treasury Bond ETF (SGOV) led all funds with a $1.50B inflow, while the Vanguard Total Bond Market ETF (BND) was close behind, gathering $1.09B. Investment grade corporate and long-duration treasuries also saw demand, with the iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD) and iShares 20+ Year Treasury Bond ETF (TLT) adding $683.0M and $632.7M, respectively. High yield products faced outflows, as seen in the ($254.5M) redemption from the iShares iBoxx $ High Yield Corporate Bond ETF (HYG).

Ticker Name AUM 1 Day Flow
Top 5 Leaders
SGOV iShares 0-3 Month Treasury Bond ETF $96.22B $1.50B
BND Vanguard Total Bond Market ETF $160.05B $1.09B
LQD iShares iBoxx $ Investment Grade Corporate Bond ETF $34.75B $683.0M
TLT iShares 20+ Year Treasury Bond ETF $41.72B $632.7M
JPST JPMorgan Ultra-Short Income ETF $39.65B $410.6M
Top 5 Laggards
BSV Vanguard Short-Term Bond ETF $44.29B ($380.2M)
HYG iShares iBoxx $ High Yield Corporate Bond ETF $17.49B ($254.5M)
SPSB State Street SPDR Portfolio Short Term Corporate Bond ETF $10.66B ($176.3M)
SPIB State Street SPDR Portfolio Intermediate Term Corporate Bond ETF $11.57B ($133.2M)
EMB iShares JP Morgan USD Emerging Markets Bond ETF $14.49B ($105.5M)

Explore the related Explorers: Taxable → · Municipal → · Specialty →

Commodity

Commodity ETFs experienced net outflows of ($521.2M), driven almost entirely by redemptions from precious metals funds. The SPDR Gold Shares (GLD) saw the largest outflow of the day at ($525.4M), followed by the iShares Gold Trust (IAU) with a ($157.7M) loss. Bucking the trend was the United States Oil Fund LP (USO), which attracted $270.7M in new assets. The iShares Silver Trust (SLV) also saw a modest inflow of $44.8M.

Ticker Name AUM 1 Day Flow
Top 5 Leaders
USO United States Oil Fund LP $2.00B $270.7M
SLV iShares Silver Trust $27.98B $44.8M
CERY State Street SPDR Bloomberg Enhanced Roll Yield Commodity Strategy No K-1 ETF $980.0M $21.7M
HGER Harbor Commodity All-Weather Strategy ETF $3.25B $15.5M
BCI abrdn Bloomberg All Commodity Strategy K-1 Free ETF $2.30B $14.5M
Top 5 Laggards
GLD SPDR Gold Shares $131.61B ($525.4M)
IAU iShares Gold Trust $60.88B ($157.7M)
PDBC Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF $5.23B ($80.1M)
GLDM SPDR Gold Minishares Trust of beneficial interest $27.64B ($48.5M)
SGOL abrdn Physical Gold Shares ETF $6.82B ($31.2M)

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Cryptocurrency

Digital asset products saw continued outflows, shedding a collective ($293.8M) and deepening their year-to-date negative flows to ($6.53B). The iShares Bitcoin Trust ETF (IBIT) led the redemptions with a significant ($219.4M) withdrawal. Other major bitcoin funds also saw outflows, including the Grayscale Bitcoin Trust ETF (GBTC) and Fidelity Wise Origin Bitcoin Fund (FBTC), which lost ($62.8M) and ($51.0M) respectively. The largest inflow was a comparatively small $36.6M into the iShares Ethereum Trust ETF (ETHA).

Ticker Name AUM 1 Day Flow
Top 5 Leaders
ETHA iShares Ethereum Trust ETF $4.40B $36.6M
BTC Grayscale Bitcoin Mini Trust ETF $3.29B $36.3M
MSBT Morgan Stanley Bitcoin Trust ETF $334.0M $29.8M
BTCO Invesco Galaxy Bitcoin ETF $325.8M $5.4M
BSOL Bitwise Solana Staking ETF $625.7M $4.0M
Top 5 Laggards
IBIT iShares Bitcoin Trust ETF $43.93B ($219.4M)
GBTC Grayscale Bitcoin Trust ETF $8.24B ($62.8M)
FBTC Fidelity Wise Origin Bitcoin Fund $10.43B ($51.0M)
ARKB ARK 21Shares Bitcoin ETF $1.90B ($39.9M)
BITO ProShares Bitcoin ETF $1.34B ($19.0M)

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Non-Traditional

Activity in non-traditional ETFs was led by leveraged long products, with the ProShares UltraPro QQQ (TQQQ) bringing in $278.7M. The JPMorgan NASDAQ Equity Premium Income ETF (JEPQ) also saw a strong inflow of $242.2M. On the outflow side, the Direxion Daily Semiconductor Bear 3X ETF (SOXS) saw the largest redemption at ($219.2M). The Direxion Daily TSLA Bull 2X ETF (TSLL) also experienced a notable outflow of ($149.0M).

Ticker Name AUM 1 Day Flow
Top 5 Leaders
TQQQ ProShares UltraPro QQQ $38.92B $278.7M
JEPQ JPMorgan NASDAQ Equity Premium Income ETF $40.19B $242.2M
SNXX Tradr 2X Long SNDK Daily ETF $5.01B $239.9M
RAM Roundhill T-REX 2X Long DRAM Daily Target ETF $707.5M $118.3M
KORU Direxion Daily MSCI South Korea Bull 3X ETF $1.49B $118.0M
Top 5 Laggards
SOXS Direxion Daily Semiconductor Bear 3X ETF $1.61B ($219.2M)
TSLL Direxion Daily TSLA Bull 2X ETF $4.87B ($149.0M)
SQQQ ProShares UltraPro Short QQQ $1.93B ($94.8M)
MVLL GraniteShares 2x Long MRVL Daily ETF $741.6M ($53.1M)
UPRO ProShares UltraPro S&P500 $5.43B ($49.5M)

Explore the related Explorers: Buffer → · Synthetic Income → · Leverage | Inverse →

Recent Launches

A large suite of structured buffer ETFs from issuer Corgi made their debut, all with a July series reset and targeting various equity segments including U.S. large-cap, small-cap, technology, emerging markets, and international developed markets. These funds offer different buffer levels, ranging from 10% to 100%, and launched with initial seed assets of $1.0M each. Additionally, ARK launched its ARK DIET Q3 Buffer ETF (ARKE) on the first of the month.

Ticker Name ETF Action Category Inception AUM
QQJL Corgi Growth & Technology 15% Structured Buffer ETF – July Series Unclassified 7/2/2026 $1.0M
CJUL Corgi U.S. Equities 15% Structured Buffer ETF – July Series Unclassified 7/2/2026 $1.0M
EMJL Corgi Emerging Markets Equities 15% Structured Buffer ETF – July Series Unclassified 7/2/2026 $1.0M
HJLY Corgi U.S. Equities 100% Structured Buffer ETF – July Series Unclassified 7/2/2026 $1.0M
QJL Corgi Growth & Technology 10% Structured Buffer ETF – July Series Unclassified 7/2/2026 $1.0M
SCJL Corgi U.S. Small-Cap 15% Structured Buffer ETF – July Series Unclassified 7/2/2026 $1.0M
JULC Corgi U.S. Equities 10% Structured Buffer ETF – July Series Unclassified 7/2/2026 $1.0M
IDJL Corgi International Developed Equities 15% Structured Buffer ETF – July Series Unclassified 7/2/2026 $1.0M
CTJL Corgi U.S. Equities 30% Structured Buffer ETF – July Series Unclassified 7/2/2026 $1.0M
ARKE ARK DIET Q3 Buffer ETF Unclassified 7/1/2026 $1.0M

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 July 02, 2026, and reflects create/redeem activity from Thursday, July 02, 2026.

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.

©2026 ETF Action, Inc. All Rights Reserved. Data provided by FactSet.