Weekly Channel Summary
The Single Stock ETF channel remains a high-octane arena for targeted bets, currently commanding $38 billion in assets across 415 ETFs and 17 unique issuers. This past week saw a net inflow of $85 million, a modest sum that belies the violent rotation occurring under the surface. While Year-To-Date (YTD) flows remain slightly in the red at -$928 million, the one-year trajectory is staggering, with over $24 billion piling into the category as traders increasingly favor surgical precision over broad market exposure.
This Week’s Performance Leaders and Laggards
Crypto and cloud computing were the absolute stars of the show this week. Galaxy Digital (GLXY) skyrocketed 37.57%, leading a charge of digital asset names that left the rest of the market in the dust. CoreWeave (CRWV) and IREN Limited (IREN) followed suit, both posting gains north of 25%. On the flip side, software and EV names cratered; Figma (FIG) was the week’s biggest casualty, shedding more than a fifth of its value, while Duolingo and Rivian also stumbled through a painful few days of trading.
Top & Bottom Underlying Stock Performance (WTD)
| Ticker | Underlying Stock | Week-To-Date Return | Year-To-Date Return | # of Funds |
|---|---|---|---|---|
| Top Performers | ||||
| GLXY | Galaxy Digital Inc. Class A | 37.57% | 53.44% | 2 |
| CRWV | CoreWeave, Inc. Class A | 26.32% | 41.36% | 5 |
| IREN | IREN Limited | 25.61% | 53.08% | 3 |
| RIOT | Riot Platforms, Inc. | 25.59% | 51.85% | 2 |
| MRNA | Moderna, Inc. | 21.95% | 41.84% | 1 |
| Bottom Performers | ||||
| FIG | Figma, Inc. Class A | -20.79% | -20.87% | 1 |
| DUOL | Duolingo, Inc. Class A | -15.00% | -14.44% | 1 |
| RIVN | Rivian Automotive, Inc. Class A | -13.27% | -15.42% | 1 |
| CRM | Salesforce, Inc. | -12.63% | -14.27% | 1 |
| APP | AppLovin Corp. Class A | -12.19% | -15.59% | 1 |
Weekly Performance: The Winners and Losers
When the underlying stocks move, these ETFs sprint. The GLXU and GLGG pair both delivered staggering 84% gains in just five sessions, demonstrating the explosive power of 2X daily resets when the trend is your friend. Conversely, the “inverse” side of the trade was a house of pain; CORD (2X Inverse CoreWeave) dived 42.20% as the underlying stock refused to look back.
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top 5 ETFs | ||
| GLXU | T-REX 2X Long GLXY Daily Target ETF | 84.25% |
| GLGG | Leverage Shares 2X Long GLXY Daily ETF | 84.01% |
| CWVX | Tradr 2X Long CRWV Daily ETF | 56.06% |
| CRWU | T-REX 2X Long CRWV Daily Target ETF | 56.00% |
| CRWG | Leverage Shares 2X Long CRWV Daily ETF | 55.89% |
| Bottom 5 ETFs | ||
| CORD | T-REX 2X Inverse CRWV Daily Target ETF | -42.20% |
| FIGG | Leverage Shares 2x Long FIG Daily ETF | -38.39% |
| DUOG | Leverage Shares 2X Long DUOL Daily ETF | -28.98% |
| RVNL | GraniteShares 2x Long RIVN Daily ETF | -25.55% |
| RKLZ | Defiance Daily Target 2x Short RKLB ETF | -24.75% |
Analyzing the Weekly Flows
Sentiment was decidedly “Risk On” this week as investors piled into Levered ETFs to the tune of $103 million. This aggressive positioning came directly at the expense of the Inverse category, which saw an exodus of $25 million as short-sellers threw in the towel. Synthetic Income and Currency Hedged categories saw minor inflows, suggesting that while income remains a goal, the real juice is being sought in pure directional leverage.
Where the Money Went This Week
| Category | Fund Count | AUM | 5 Day | 30 Day | 90 Day | YTD | 1 Year |
|---|---|---|---|---|---|---|---|
| Levered | 244 | $26,792.1M | $103M | ($334M) | $5,081M | ($748M) | $8,717M |
| Currency Hedged | 10 | $23.5M | $4M | $10M | $7M | $6M | $10M |
| Synthetic Income | 101 | $9,881.4M | $3M | ($353M) | $1,800M | ($108M) | $13,980M |
| Inverse | 46 | $1,236.8M | ($25M) | ($83M) | ($528M) | ($77M) | $1,416M |
Flow Leaders & Laggards: The ETF Tale of the Tape
The “Tale of the Tape” reveals a massive vote of confidence in Coinbase and Alphabet. CONL (2X Long COIN) sucked in $87 million, while GGLL (2X Long GOOGL) wasn’t far behind with $81 million. On the flip side, we saw a painful bleed in CoreWeave and AST SpaceMobile-linked products. CWVX and ASTX combined for over $110 million in outflows, suggesting some traders are locking in profits—or cutting losses—in these volatile AI-infrastructure plays.
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| Top 5 Inflows | ||
| CONL | GraniteShares 2x Long COIN Daily ETF | $87M |
| GGLL | Direxion Daily GOOGL Bull 2X Shares | $81M |
| AMDY | YieldMax AMD Option Income Strategy ETF | $53M |
| MSTX | Defiance Daily Target 2x Long MSTR ETF | $45M |
| NVDL | GraniteShares 2x Long NVDA Daily ETF | $27M |
| Bottom 5 Outflows | ||
| CWVX | Tradr 2X Long CRWV Daily ETF | ($60M) |
| ASTX | Tradr 2X Long ASTS Daily ETF | ($50M) |
| AMDL | GraniteShares 2x Long AMD Daily ETF | ($40M) |
| NVDU | Direxion Daily NVDA Bull 2X Shares | ($38M) |
| NVDX | T-Rex 2X Long NVIDIA Daily Target ETF | ($33M) |
Issuer League Table Update
The single-stock issuer landscape is a concentrated battle for dominance. Direxion remains the undisputed heavyweight, controlling over 30% of the market with $11.57 billion in AUM. GraniteShares and YieldMax are in a dead heat for the second spot, each commanding roughly 20-22% of the total channel assets. In terms of weekly momentum, Direxion took the gold with $120 million in net new money, while Tradr faced the stiffest headwinds, losing $150 million as traders rotated out of their flagship products.
The Heavyweights: Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| Direxion | 51 | $11.57B | 30.47% |
| GraniteShares | 56 | $8.59B | 22.61% |
| YieldMax | 41 | $7.77B | 20.46% |
| Defiance | 51 | $2.91B | 7.65% |
| T-Rex | 33 | $2.60B | 6.84% |
Weekly Flows: Issuer Edition
| Brand | 5-Day Flow |
|---|---|
| Top 3 Inflows | |
| Direxion | $120M |
| GraniteShares | $75M |
| Defiance | $39M |
| Bottom 3 Outflows | |
| Tradr | ($150M) |
| Roundhill | ($29M) |
| ProShares | ($2M) |
For a deeper dive into these trends, access our FREE, in-depth Thematic ETF reports in the right side panel of this page.
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.
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.
