Note: Flow data is reported after close on a T+1 basis. The flows in this report reflect create/redeem activity from Friday, October 24, 2025.
Market Flow Summary
The U.S. ETF market saw total net inflows of +$6.10B. JPMorgan led issuers with +$2.66B in, while SPDR experienced the largest outflows at -$1.47B. On the fund level, JPMorgan Municipal ETF (JMUB) attracted the most assets, gaining +$1.93B, whereas SPDR Gold Shares (GLD) saw the day’s largest redemption of -$1.06B.
Flow Summary by Asset Class
Fixed Income led all asset classes with +$5.76B in net new assets, followed by Equity with +$1.74B. On a year-to-date basis, Equity remains the leader, having accumulated +$566.63B.
| Asset Class | 1D Flow | 1M Flow | YTD Flow |
|---|---|---|---|
| Fixed Income | +$5.76B | +$52.87B | +$348.35B |
| Equity | +$1.74B | +$84.26B | +$566.63B |
| Multi-Asset | +$27.21M | +$1.41B | +$5.43B |
| Currency | -$2.05M | +$10.19M | +$520.93M |
| Alternative | -$30.36M | +$312.76M | +$3.99B |
| Digital Asset | -$57.03M | +$6.07B | +$40.60B |
| Non-Traditional | -$302.45M | +$5.31B | +$69.41B |
| Commodity | -$1.13B | +$8.16B | +$45.65B |
Top/Bottom Five Category Flows
At the category level, Fixed Income strategies dominated inflows, while Precious Metals and Leveraged/Inverse products saw the largest redemptions.
Top 5 Category Inflows
| Category | 1D Flow |
|---|---|
| Fixed Income: Municipal – Intermediate | +$2.21B |
| Equity: U.S. Large Cap – Growth | +$890.38M |
| Equity: Sector – Information Technology | +$550.89M |
| Fixed Income: Taxable – Core | +$497.35M |
| Fixed Income: Taxable – Corporate | +$449.88M |
Bottom 5 Category Outflows
| Category | 1D Flow |
|---|---|
| Commodity: Focused – Precious Metals | -$1.16B |
| Non-Traditional: Leverage | Inverse – Equity | -$703.52M |
| Equity: U.S. Large Cap – Blend | -$293.42M |
| Non-Traditional: Synthetic Income – Crypto | -$284.80M |
| Equity: U.S. Small Cap – Blend | -$202.43M |
ETF Issuer Flow Analysis
JPMorgan led issuers with +$2.66B in net inflows, representing +1.02% of their AUM. SPDR saw the largest outflows at -$1.47B, a -0.08% reduction in AUM.
Top 5 Brands by Inflows
| Issuer | Aggregate AUM | 1D Flow | 1D Flow as % of AUM |
|---|---|---|---|
| JPMorgan | +$262.74B | +$2.66B | +1.02% |
| Vanguard | +$3,744.46B | +$2.19B | +0.06% |
| Invesco | +$791.02B | +$1.11B | +0.14% |
| iShares | +$3,898.09B | +$390.92M | +0.01% |
| Capital Group | +$97.43B | +$326.52M | +0.34% |
Bottom 5 Brands by Outflows
| Issuer | Aggregate AUM | 1D Flow | 1D Flow as % of AUM |
|---|---|---|---|
| SPDR | +$1,786.74B | -$1.47B | -0.08% |
| Direxion | +$58.06B | -$377.34M | -0.65% |
| Roundhill | +$9.42B | -$230.72M | -2.39% |
| Global X | +$73.03B | -$185.62M | -0.25% |
| YieldMax | +$16.42B | -$74.86M | -0.45% |
High-Velocity Brands
| Issuer | Aggregate AUM | 1D Flow | 1D Flow as % of AUM |
|---|---|---|---|
| No high-velocity brands met the criteria for this period. | |||
Significant Single-Fund Movements
The day’s activity was highlighted by a +$1.93B inflow into JPMorgan Municipal ETF (JMUB). At the other end, SPDR Gold Shares (GLD) saw the largest redemption, shedding -$1.06B.
Largest Absolute Daily Flows (Net Flows > $250M)
| Fund (Ticker) | AUM | 1D Flow | 1D Flow as % of AUM |
|---|---|---|---|
| Inflows | |||
| JPMorgan Municipal ETF (JMUB) | +$6.06B | +$1.93B | +46.72% |
| Vanguard S&P 500 ETF (VOO) | +$790.71B | +$850.46M | +0.11% |
| Invesco QQQ Trust Series I (QQQ) | +$402.82B | +$678.67M | +0.17% |
| Technology Select Sector SPDR Fund (XLK) | +$94.65B | +$396.41M | +0.42% |
| Direxion Daily TSLA Bull 2X Shares (TSLL) | +$7.90B | +$362.92M | +4.82% |
| iShares Core U.S. Aggregate Bond ETF (AGG) | +$136.02B | +$353.78M | +0.26% |
| JPMorgan BetaBuilders Europe ETF (BBEU) | +$7.75B | +$262.44M | +3.51% |
| Vanguard Total International Bond ETF (BNDX) | +$72.75B | +$252.18M | +0.35% |
| Outflows | |||
| SPDR Gold Shares (GLD) | +$137.06B | -$1.06B | -0.77% |
| iShares Core S&P 500 ETF (IVV) | +$712.96B | -$816.32M | -0.11% |
| Direxion Daily Semiconductor Bull 3x Shares (SOXL) | +$13.12B | -$652.40M | -4.74% |
| SPDR S&P 500 ETF Trust (SPY) | +$683.24B | -$473.87M | -0.07% |
| SPDR Dow Jones Industrial Average ETF Trust (DIA) | +$42.01B | -$377.65M | -0.89% |
| Roundhill Bitcoin Covered Call Strategy ETF (YBTC) | +$287.22M | -$287.22M | -50.00% |
High-Velocity Inflows (AUM > $100M, 1D Flow > +5% of AUM)
| Fund (Ticker) | AUM | 1D Flow | 1D Flow as % of AUM |
|---|---|---|---|
| JPMorgan Municipal ETF (JMUB) | +$6.06B | +$1.93B | +46.72% |
| Nuveen High Yield Corporate Bond ETF (NHYB) | +$325.76M | +$100.04M | +44.32% |
| Franklin U.S. Core Dividend Tilt Index ETF (UDIV) | +$105.71M | +$23.78M | +29.03% |
| Direxion Daily NFLX Bull 2X Shares (NFXL) | +$108.22M | +$23.92M | +28.38% |
| Defiance Daily Target 2x Short RGTI ETF (RGTZ) | +$114.39M | +$18.99M | +19.90% |
| Defiance Daily Target 2x Long OKLO ETF (OKLL) | +$207.86M | +$22.88M | +12.37% |
| Defiance Daily Target 2X Long SMCI ETF (SMCX) | +$215.76M | +$15.51M | +7.75% |
| Defiance Daily Target 2X Long HIMS ETF (HIMZ) | +$184.62M | +$12.72M | +7.40% |
| VictoryShares International Free Cash Flow Growth ETF (GRIN) | +$175.38M | +$10.96M | +6.67% |
| Vanguard Long-Term Tax-Exempt Bond ETF (VTEL) | +$127.67M | +$7.82M | +6.52% |
High-Velocity Outflows (AUM > $100M, 1D Flow > -5% of AUM)
| Fund (Ticker) | AUM | 1D Flow | 1D Flow as % of AUM |
|---|---|---|---|
| Roundhill Bitcoin Covered Call Strategy ETF (YBTC) | +$287.22M | -$287.22M | -50.00% |
| Global X Conscious Companies ETF (KRMA) | +$171.75M | -$82.34M | -32.41% |
| TCW Senior Loan ETF (SLNZ) | +$252.70M | -$51.54M | -16.94% |
| iShares Global Industrials ETF (EXI) | +$900.70M | -$96.19M | -9.65% |
| Tradr 2X Long CRWV Daily ETF (CWVX) | +$228.69M | -$23.89M | -9.46% |
| Tradr 2X Short TSLA Daily ETF (TSLQ) | +$386.27M | -$29.03M | -6.99% |
| SPDR S&P Health Care Equipment ETF (XHE) | +$136.28M | -$10.17M | -6.94% |
| 2x Long VIX Futures ETF (UVIX) | +$397.89M | -$27.16M | -6.39% |
| Global X MSCI Argentina ETF (ARGT) | +$590.56M | -$32.59M | -5.23% |
| SPDR S&P Oil & Gas Exploration & Production ETF (XOP) | +$1.88B | -$102.75M | -5.19% |
Custom Analysis and Daily Data
This daily snapshot is just the beginning. Our full suite of tools allows for deep, customizable analysis of the entire ETF landscape. Institutional clients can track real-time flows, screen for specific fund characteristics, and analyze historical trends to gain a competitive edge. To explore our comprehensive data and analytics platform, please contact our sales team for a personalized demonstration.
Large Flow Activity Note: Daily create/redeem activity is a normal function of the ETF market. Large flows often reflect rebalancing activity by a single large institution and are not necessarily indicative of broad market sentiment.
Disclosures
This report is for informational purposes only and does not constitute investment advice or a recommendation to buy or sell any security. ETF Action is not a registered investment advisor.
All data is sourced from proprietary and third-party sources believed to be reliable, but its accuracy and completeness are not guaranteed. Past performance is not indicative of future results.
