Flows Update: Vanguard Leads, Real Estate Surges, and Crypto Diverges

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Issuer League Tables

The U.S. ETF landscape now includes $13,323B in AUM across 4,781 products from 465 issuers. Vanguard led 1-day flows, collecting a robust $2,585M. WisdomTree followed with inflows of $1,356M. On the other side of the ledger, iShares experienced the largest net outflows of the day, shedding -$2,567M, while Invesco saw redemptions of -$173M.

Brand 1-Day Flow 30-Day Flow YTD Flow 1-Year Flow
Inflows
Vanguard $2,585M $49,983M $371.00B $406.30B
WisdomTree $1,356M $5,074M $6.39B $6.08B
SPDR $983M $21,425M $86.66B $95.24B
T-Rex $557M $1,070M $2.50B $2.26B
Schwab $388M $3,680M $38.17B $44.48B
Outflows
iShares ($2,567M) $31,004M $299.49B $335.24B
Invesco ($173M) $4,899M $62.82B $69.84B
US Commodity Funds ($127M) ($33M) ($0.25B) ($0.92B)
ProShares ($94M) $1,061M $2.89B $2.82B
ARK ($92M) $134M ($1.13B) ($1.50B)

Daily ETF Flow Analysis

Total 1-day net flows for all U.S. listed ETFs amounted to a robust $8.16B. Equity funds were the clear driver of assets, pulling in $7.27B. Non-Traditional strategies also had a strong day, gathering $516M. Fixed Income flows were positive but more muted at $274M. Commodity funds saw slight outflows of -$10M, while Currency strategies shed -$44M.

Asset Class 1-Day Flow 1-Week Flow 1-Month Flow YTD Flow 1-Year Flow
Equity $7,268M $36,078M $106,073M $729,243M $824,416M
Non-Traditional $516M $7,580M $20,403M $94,213M $101,339M
Fixed Income $274M $43,187M $9,228M $406,967M $417,811M
Multi-Asset $121M $814M $293M $6,526M $7,149M
Digital Asset $28M $261M ($2,330M) $37,171M $40,217M
Alternative $2M ($75M) $56M $3,823M $3,720M
Commodity ($10M) $4,167M $888M $49,224M $47,974M
Currency ($44M) $69M ($8M) $617M $719M
Category 1-Day Flow AUM
Top 10 Categories
Equity: U.S. Large Cap – Blend $1,950M $3,988.60B
Equity: U.S. Large Cap – Value $1,503M $893.43B
Equity: U.S. Mid Cap – Value $554M $76.71B
Non-Traditional: Leverage | Inverse – Single Stock $447M $29.35B
Equity: Sector – Financials $412M $98.75B
Equity: Global Ex-U.S. Large Cap – Blend $409M $912.98B
Equity: Sector – Real Estate $326M $81.69B
Equity: U.S. Small Cap – Blend $320M $324.24B
Fixed Income: Taxable – Government Long $308M $136.12B
Fixed Income: Taxable – Core $253M $376.34B
Bottom 10 Categories
Fixed Income: Taxable – Corporate ($543M) $161.57B
Equity: U.S. Large Cap Growth ($262M) $1,265.79B
Non-Traditional: Leverage | Inverse – Equity ($169M) $114.77B
Fixed Income: Taxable – Government Short ($166M) $68.37B
Commodity: Focused – Energy ($127M) $2.01B
Fixed Income: Taxable – Short-Term ($61M) $147.19B
Fixed Income: Taxable – Ultrashort ($58M) $160.23B
Equity: Sector – Health Care ($52M) $96.64B
Digital Asset: Cryptocurrency – Bitcoin ($47M) $120.95B
Currency ($44M) $2.40B

U.S. Size & Style

U.S. Large Cap Blend funds led the day with robust inflows of $1.95B, while U.S. Large Cap Value also saw significant interest, gathering $1.50B. Conversely, U.S. Large Cap Growth lagged with outflows of -$262M. At the fund level, VTI led flows with $1.73B, followed by SPY with $684M. IVV saw the largest single-fund redemption at -$3.40B.

Ticker Fund Name 1-Day Flow AUM
Top 5 Leaders
VTI Vanguard Total Stock Market ETF $1,727M $570.2B
SPY SPDR S&P 500 ETF Trust $684M $721.3B
DLN WisdomTree U.S. LargeCap Dividend Fund $536M $6.1B
DON WisdomTree U.S. MidCap Dividend Fund $406M $4.1B
DHS WisdomTree U.S. High Dividend Fund $257M $1.5B
Top 5 Laggards
IVV iShares Core S&P 500 ETF ($3,400M) $718.7B
ITOT iShares Core S&P Total U.S. Stock Market ETF ($799M) $79.9B
VOO Vanguard S&P 500 ETF ($508M) $821.9B
QQQM Invesco NASDAQ 100 ETF ($321M) $71.2B
QGRW WisdomTree U.S. Quality Growth Fund ($180M) $2.1B

Global Ex-U.S. Size & Style

International markets saw positive momentum, with Global Ex-U.S. Large Cap Blend funds gathering $409M. Emerging Markets Large Cap funds also saw healthy inflows of $221M. At the fund level, VWO led the charge with $163M, followed closely by VEU at $154M. The global mega-cap IOO saw the largest outflows at -$51M.

Ticker Fund Name 1-Day Flow AUM
Top 5 Leaders
VWO Vanguard FTSE Emerging Markets ETF $163M $104.5B
VEU Vanguard FTSE All-World ex-US Index Fund $154M $53.0B
VT Vanguard Total World Stock ETF $113M $59.0B
VSS Vanguard FTSE All-World exUS -Small-Cap ETF $100M $9.8B
ACWX iShares MSCI ACWI ex U.S. ETF $80M $7.5B
Top 5 Laggards
IOO iShares Global 100 ETF ($51M) $8.0B
SDIV Global X Superdividend ETF ($24M) $1.0B
JGLO JPMorgan Global Select Equity ETF ($15M) $7.2B
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund ($8M) $1.9B
BIDD iShares International Dividend Active ETF ($5M) $0.5B

Region & Country

Asia-Pacific funds attracted the most capital among regions with $328M in inflows, while North America saw modest inflows of $46M. The EWY (South Korea) ETF led individual country funds with $143M in new assets, followed by ASHR (China A-Shares) with $46M. EWS (Singapore) saw minor outflows.

Ticker Fund Name 1-Day Flow AUM
Top 5 Leaders
EWY iShares MSCI South Korea ETF $143M $7.43B
ASHR Xtrackers Harvest CSI 300 China A-Shares ETF $46M $1.73B
GXC SPDR S&P China ETF $20M $0.48B
OPPE WisdomTree European Opportunities Fund $12M $0.20B
ILF iShares Latin America 40 ETF $8M $2.35B
Top 5 Laggards
EWS iShares MSCI Singapore ETF ($12M) $0.82B
SMIN iShares MSCI India Small Cap ETF ($7M) $0.79B
KWEB KraneShares CSI China Internet ETF $0M $9.04B
KBA KraneShares Bosera MSCI China A 50 Connect Index ETF $0M $0.23B
COLO Global X MSCI Colombia ETF $0M $0.12B

Sector & Industry

Real Estate funds saw a surge in interest, gathering $753M in 1-day flows, followed by Financials with $412M. In contrast, Health Care funds experienced outflows of -$52M. The regional banking ETF KRE led all sector funds with $325M in inflows, while the broad tech ETF XLK saw the largest redemptions at -$177M.

Ticker Fund Name 1-Day Flow AUM
Top 5 Leaders
KRE State Street SPDR S&P Regional Banking ETF $325M $3.7B
IYR iShares U.S. Real Estate ETF $251M $4.3B
SMH VanEck Semiconductor ETF $221M $37.6B
IGV iShares Expanded Tech-Software Sector ETF $197M $8.7B
XBI State Street SPDR S&P Biotech ETF $173M $7.9B
Top 5 Laggards
XLK State Street Technology Select Sector SPDR ETF ($177M) $95.3B
XLV State Street Health Care Select Sector SPDR ETF ($151M) $40.1B
SOXX iShares Semiconductor ETF ($94M) $17.5B
IYH iShares U.S. Healthcare ETF ($38M) $3.6B
XRT State Street SPDR S&P Retail ETF ($34M) $0.6B

Thematic

Thematic flows were mixed but leaned positive for Disruptive Tech strategies ($175M) and Precious Metals funds ($115M). Evolving Consumer themes faced headwinds, losing -$40M. Gold miners were in favor, with GDX gathering $103M, while innovation-focused funds like ARKK saw significant outflows of -$119M.

Ticker Fund Name 1-Day Flow AUM
Top 5 Leaders
GDX VanEck Gold Miners ETF $103M $23.37B
IVES Dan IVES Wedbush AI Revolution ETF $90M $1.08B
XOVR ERShares Private-Public Crossover ETF $86M $0.64B
AIQ Global X Artificial Intelligence & Technology ETF $30M $7.26B
RING iShares MSCI Global Gold Miners ETF $27M $2.73B
Top 5 Laggards
ARKK ARK Innovation ETF ($119M) $7.87B
ITB iShares U.S. Home Construction ETF ($40M) $2.66B
GDXJ VanEck Junior Gold Miners ETF ($37M) $8.66B
SKYY First Trust Cloud Computing ETF ($7M) $3.14B
ESPO VanEck Video Gaming and eSports ETF ($5M) $0.39B

Fixed Income

Fixed Income markets were active, with Municipal bonds ($296M) and Multi-Sector funds ($286M) seeing healthy inflows. However, Corporate Bond funds faced headwinds, shedding -$603M. Long Duration funds remained popular with $310M in inflows. IEF led individual fund flows with $414M, while LQD saw the largest outflow at -$299M.

Ticker Fund Name 1-Day Flow AUM
Top 5 Leaders
IEF iShares 7-10 Year Treasury Bond ETF $414M $44.83B
HYG iShares iBoxx $ High Yield Corporate Bond ETF $169M $19.17B
BND Vanguard Total Bond Market ETF $148M $144.27B
SGOV iShares 0-3 Month Treasury Bond ETF $126M $66.14B
HYD VanEck High Yield Muni ETF $101M $3.79B
Top 5 Laggards
LQD iShares iBoxx $ Investment Grade Corporate Bond ETF ($299M) $32.78B
VCIT Vanguard Intermediate-Term Corporate Bond ETF ($193M) $58.35B
SHY iShares 1-3 Year Treasury Bond ETF ($174M) $23.53B
JNK State Street SPDR Bloomberg High Yield Bond ETF ($136M) $7.74B
TLT iShares 20+ Year Treasury Bond ETF ($132M) $48.51B

Commodity

Commodity flows were slightly negative overall, heavily weighed down by the Energy category which saw outflows of -$127M. Precious Metals, however, remained a bright spot with inflows of $98M. Silver was the preferred metal of choice, with SLV gathering $159M, while gold faced selling pressure as GLD lost -$154M.

Ticker Fund Name 1-Day Flow AUM
Top 5 Leaders
SLV iShares Silver Trust $159M $29.98B
PPLT abrdn Physical Platinum Shares ETF $37M $2.17B
IAU iShares Gold Trust $32M $65.47B
SGOL abrdn Physical Gold Shares ETF $24M $7.11B
BCI abrdn Bloomberg All Commodity Strategy K-1 Free ETF $10M $2.03B
Top 5 Laggards
GLD SPDR Gold Shares ($154M) $141.10B
USO United States Oil Fund LP ($92M) $0.93B
UNG United States Natural Gas Fund LP ($35M) $0.52B
FTGC First Trust Global Tactical Commodity Strategy Fund ($5M) $2.18B
COM Direxion Auspice Broad Commodity Strategy ETF ($1M) $0.18B

Digital Assets

Digital Asset flows were divergent, with Altcoin and Ethereum funds both gathering $37M in assets, while Bitcoin funds saw net outflows of -$47M. Franklin’s XRPZ led inflows with $32M, highlighting interest in altcoin exposure. GBTC and FBTC drove the Bitcoin outflows.

Ticker Fund Name 1-Day Flow AUM
Top 5 Leaders
XRPZ Franklin XRP ETF $32M $0.16B
IBIT iShares Bitcoin Trust ETF $29M $70.25B
ETHA iShares Ethereum Trust ETF $24M $11.45B
BITO ProShares Bitcoin ETF $14M $2.42B
ETH Grayscale Ethereum Mini Trust ETF $12M $2.25B
Top 5 Laggards
GBTC Grayscale Bitcoin Trust ETF ($44M) $15.15B
FBTC Fidelity Wise Origin Bitcoin Fund ($39M) $18.20B
HODL VanEck Bitcoin ETF ($6M) $1.54B
XRPR REX-Osprey XRP ETF ($4M) $0.10B
SSK REX-Osprey SOL + Staking ETF ($2M) $0.19B

Non-Traditional

Non-Traditional funds saw strong aggregate inflows of $516M, led by Leverage & Inverse strategies which added $321M. Synthetic Income funds also remained popular with $141M in new assets. Single-stock leveraged products dominated the leaderboard, with NVDX (2x NVIDIA) pulling in $199M, while the semiconductor bear fund SOXL saw the largest outflows.

Ticker Fund Name 1-Day Flow AUM
Top 5 Leaders
NVDX T-Rex 2X Long NVIDIA Daily Target ETF $199M $0.63B
TSLT T-REX 2X Long Tesla Daily Target ETF $142M $0.44B
ROBN T-Rex 2X Long HOOD Daily Target ETF $92M $0.34B
SPXL Direxion Daily S&P 500 Bull 3x Shares $89M $6.14B
BTCL T-Rex 2X Long Bitcoin Daily Target ETF $62M $0.10B
Top 5 Laggards
SOXL Direxion Daily Semiconductor Bull 3x Shares ($192M) $13.84B
KOLD ProShares UltraShort Bloomberg Natural Gas ($84M) $0.19B
NVOX Defiance Daily Target 2X Long NVO ETF ($45M) $0.05B
TQQQ ProShares UltraPro QQQ ($36M) $31.28B
SQQQ ProShares UltraPro Short QQQ ($33M) $2.50B

Recent ETF Launches

The BITW crypto index ETF from Bitwise was the most recent fund to launch, debuting on 12/9/2025. The table below lists the 10 newest funds to market, including several new products from Goldman Sachs, BNY Mellon, and Gabelli. 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
12/9/2025 BITW Bitwise 10 Crypto Index ETF Unclassified $1,231.32M
12/8/2025 KDVD Keeley Dividend ETF Unclassified $6.25M
12/8/2025 GTOP Goldman Sachs Technology Opportunities ETF Unclassified $661.87M
12/8/2025 BEDY BNY Mellon Enhanced Dividend and Income ETF Unclassified $132.43M
12/5/2025 DVGR DAC 3D Dividend Growth ETF Unclassified $6.76M
12/4/2025 TXXS 21Shares 2x Long Sui ETF Non-Traditional: Leverage | Inverse – Crypto $0.21M
12/3/2025 VMSB Voya Multi-Sector Income ETF Fixed Income: Taxable – Multisector $107.87M
12/3/2025 UNHW Roundhill UNH WeeklyPay ETF Non-Traditional: Synthetic Income – Single Stock $1.02M
12/3/2025 SOEZ Franklin Solana ETF Digital Asset: Cryptocurrency – Altcoin $2.28M
12/3/2025 NEHI NEOS Ethereum High Income ETF Non-Traditional: Synthetic Income – Crypto $3.55M

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 12/9/2025, and reflects create/redeem activity from Monday, 12/8/2025.

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.