Fixed Income and Tech Fuel $4.6B in Net ETF Flows as Digital Assets Retreat

Issuer League Tables

The issuer landscape on February 6, 2026, was characterized by significant absolute dominance from Vanguard, which captured $3,599M in a single day, a trend consistent with its massive $70.54B year-to-date (YTD) intake. In contrast, SPDR faced substantial headwinds with a daily outflow of $1,213M, weighing on its relatively modest YTD flow of $3.44B compared to its $1,797.65B AUM. On a relative basis, smaller brands like Sovereign’s and Gotham led the field, with Sovereign’s attracting a daily flow equal to 12.50% of its AUM. Conversely, Gadsden and Bancreek experienced the sharpest relative declines, with Gadsden losing 23.02% of its asset base in a single session.

Issuer Flows (Absolute)

Issuer Flows (Relative)

Daily ETF Flow Analysis

Total market flows for the session reached a positive $4,653M, with Equity and Fixed Income serving as the primary engines of growth at $2,856M and $2,136M respectively. The Digital Asset class remained the primary outlier, shedding $549M during the day and extending its one-month deficit to $4,028M. Non-Traditional funds continued their steady ascent with $504M in daily flows, contributing to a robust $7,945M YTD total. Commodity ETFs also struggled, losing $308M in the session, although they maintain a healthy one-year surplus of $63,927M.

Asset Class Flows

Top/Bottom 10 Category Flows

U.S. Size & Style

U.S. Large Cap Blend funds led the style categories with $1,272M in daily inflows, bolstered by strong performance from core products like VOO and SPY. However, the U.S. Large Cap Growth segment saw a notable daily reversal, losing $420M, which contrasts sharply with its $24,145M YTD inflow trend. Small-cap funds also faced selling pressure, as the U.S. Small Cap Blend category shed $411M in one day, while U.S. Large Cap Value attracted $620M, suggesting a tactical shift toward value-oriented exposures within the domestic market.

Size & Style ex-U.S.

International equity flows were heavily concentrated in Global Ex-U.S. Large Cap Blend, which secured $1,061M in daily flows, significantly outperforming the $17,382M YTD average for the category. Emerging Markets large-cap funds experienced a minor daily outflow of $42M, though they remain a massive YTD beneficiary with $21,536M in net inflows. VXUS stood out as the absolute leader in the section, capturing $505M, while Capital Group’s CGDG saw a significant $707M liquidation, impacting the overall style ex-U.S. aggregate.

Sector & Industry

The Information Technology sector was the session’s dominant performer, attracting $1,355M in daily flows, a figure that nearly rivals its total YTD intake of $1,945M. Conversely, Financials faced the steepest daily decline, shedding $689M, although the sector maintains a healthy $3,474M YTD surplus. Industrial ETFs also showed strength with $271M in daily flows, extending a robust one-year growth trend that has seen $10,641M move into the category. Consumer Staples remained under pressure, losing $516M in the session, largely driven by significant outflows from XLP.

Region & Country

Eurozone ETFs dominated regional equity flows with $202M in daily inflows, contributing to a massive $15,390M YTD total for the region. Asia-Pacific funds saw a more modest $34M daily gain, although their YTD performance remains strong at $11,080M across the asset base. Vanguard’s VGK was the primary beneficiary in the session, capturing $113M, while Chinese exposures like MCHI and KWEB faced continued selling, shedding $24M and $13M respectively. Latin American funds also posted a positive day with $13M in flows, sustaining a significant $5,936M YTD growth trajectory.

Thematic

Natural Resources led thematic equity categories with $135M in daily flows, a strong showing compared to its $7,132M YTD average. Infrastructure and Disruptive Tech also posted gains of $103M and $44M respectively, while Evolving Consumer funds faced a significant $108M daily outflow. Individual winners included Invesco’s Solar ETF (TAN) with $67M and FDN with $61M, demonstrating selective interest in specific themes. On the downside, ITB shed $108M, impacting the Home Construction thematic group, which has faced relative volatility over the past three months.

Fixed Income

Fixed Income was a primary driver of market activity on February 6, with $2,136M in daily net inflows led by Government and Multi-Sector types. Intermediate duration products saw the strongest daily growth, capturing $1,115M, significantly outpacing the $10,461M one-year total for Long duration funds which shed $174M in the session. Core taxable products like SGOV and JAAA were the individual flow leaders, capturing $311M and $203M respectively. Emerging Markets debt faced notable daily selling, with EMB losing $164M, while High Yield corporate bonds through HYG shed $113M.

Commodity

The Commodity asset class experienced a total daily outflow of $308M, primarily driven by a $357M liquidation in Precious Metals funds. Despite the daily volatility, Industrial Metals maintain a significant $535M YTD surplus, and multi-sector broad market funds attracted $47M in the session. SPDR’s GLD and iShares’ SLV were the primary laggards, losing $267M and $143M respectively, reflecting a tactical shift away from gold and silver. On the positive side, IAUM captured $82M, helping to offset some of the broader segment’s daily losses.

Cryptocurrency

Digital Asset flows remained negative on February 6, with total daily redemptions reaching $549M across the category. Bitcoin-focused funds were the hardest hit, losing $468M, which extends their monthly outflow trend to $3,226M. Ethereum products also faced selling pressure, shedding $90M in the session, while Altcoin funds managed a modest $12M gain. IBIT and FBTC were the primary daily laggards, losing $175M and $109M respectively, while Grayscale’s ETH staking mini ETF (ETH) attracted $7M in defensive flows.

Non-Traditional

Non-Traditional ETFs posted a solid $504M in total daily flows, primarily driven by the Synthetic Income category which attracted $338M. Leverage and Inverse strategies also posted a positive session with $68M in net flows, while Buffer strategies secured $98M. Individual leadership was seen in TSLL, which captured $185M, and NEOS’ income-focused QQQI and SPYI, which added $136M and $121M respectively. Conversely, ProShares’ SQQQ faced significant selling, losing $130M, as part of a broader monthly outflow of $4,274M for the leverage/inverse equity group.

Recent Launches

The ETF market continues to see rapid innovation, with the last 10 launches on February 2026 highlighting a focus on leveraged single stock and specialized income themes. Burney’s BRES stands out with a substantial $596.45M inception AUM, significantly outperforming other recent entries like the Tuttle Capital UFO Disclosure ETF (UFOD). New issuers such as Impax and Cyber Hornet have also entered the field, with Cyber Hornet launching a series of S&P 500 and crypto strategy ETFs on January 30, 2026. This activity underscores a broader trend where actively managed and thematic launches are attracting meaningful initial assets.