U.S. Large Cap Leads Inflows; Crypto and Silver Lead Outflows

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Issuer League Tables

The U.S. ETF landscape currently boasts $13,306B in AUM across 4,780 products from 466 issuers. Absolute flow leaders were dominated by YieldMax, which collected a massive $8,279M, continuing its significant YTD flow trend of $27.46B. SPDR also saw strong inflows of $4,690M, followed by Invesco with $3,129M. On the outflow side, Direxion saw the largest redemptions at ($192M), while Oakmark shed ($66M). On a year-to-date basis, Vanguard ($366.54B) and iShares ($310.04B) remain the top two flow leaders.

Brand 1-Day Flow 30-Day Flow YTD Flow 1-Year Flow
Top 5 Absolute Inflows (Leaders)
YieldMax $8,279M $12,210M $27.46B $29.29B
SPDR $4,690M $11,317M $72.48B $90.06B
Invesco $3,129M $4,649M $61.85B $69.83B
iShares $940M $43,444M $310.04B $345.74B
Vanguard $535M $50,796M $366.54B $404.87B
Top 5 Absolute Outflows (Laggards)
Direxion ($192M) ($83M) ($8.99B) ($8.46B)
Oakmark ($66M) $68M $0.71B $0.73B
Pacer ($64M) ($545M) ($9.05B) ($9.23B)
Defiance ($59M) $567M $4.50B $5.33B
Grayscale ($54M) ($193M) ($2.49B) ($3.34B)

Daily ETF Flow Analysis

Total 1-day net flows for all U.S. listed ETFs amounted to a substantial $20,285M. Equity led all asset classes with $10,810M in new assets, closely followed by Non-Traditional funds which gathered $8,452M. Fixed Income funds also saw significant net inflows of $1,372M. In contrast, Commodities and Digital Assets saw the largest outflows, shedding ($207M) and ($193M) respectively.

Asset Class 1-Day Flow 1-Week Flow 1-Month Flow YTD Flow 1-Year Flow
Equity $10,810M $26,184M $102,795M $714,400M $820,432M
Non-Traditional $8,452M $21,879M $13,949M $94,495M $101,925M
Fixed Income $1,372M $6,441M $43,818M $403,608M $417,277M
MultiAsset- $70M $150M $702M $6,341M $7,082M
Alternative ($9M) $143M ($199M) $3,800M $3,729M
Currency ($11M) $152M $63M $661M $748M
Digital Asset ($193M) $473M ($2,274M) $37,128M $41,915M
Commodity ($207M) $4,379M $1,869M $49,098M $47,787M
Category 1-Day Flow AUM
Top 10 Categories
Non-Traditional: Synthetic Income – Single Stock $8,270M $11.45B
Equity: U.S. Large Cap – Blend $5,348M $3,980.89B
Equity: U.S. Large Cap – Growth $3,316M $1,259.67B
Equity: Sector- Health Care $328M $97.51B
Equity: U.S. Mid Cap – Blend $302M $363.91B
Equity: Emerging Large Cap $283M $358.35B
Fixed Income: Taxable – Short-Term $271M $147.16B
Non-Traditional: Synthetic Income – Equity $269M $145.10B
Equity: Global Ex-U.S. Large Cap – Blend $264M $913.19B
Equity: Sector – Information Technology $208M $346.42B
Bottom 10 Categories
Equity: Sector – Consumer Discretionary ($518M) $35.82B
Equity: U.S. Small Cap – Blend ($411M) $325.13B
Commodity: Focused – Precious Metals ($213M) $290.09B
Fixed Income: Taxable – Government Long ($206M) $137.40B
Non-Traditional: Leverage | Inverse – Single Stock ($184M) $29.23B
Digital Asset: Cryptocurrency – Bitcoin ($177M) $123.40B
Non-Traditional: Leverage | Inverse – Equity ($96M) $114.35B
Fixed Income: Taxable Convertible ($54M) $8.54B
Equity: Sector – Materials ($40M) $9.51B
Equity: Region – Country Specific ($40M) $148.33B

U.S. Size & Style

Within U.S. equities, Large Cap Blend funds dominated, pulling in $5,348M, closely followed by Large Cap Growth funds which gathered $3,316M. In contrast, U.S. Small Cap Blend funds saw the largest outflows at ($411M). U.S. Large Cap Value funds also saw minor redemptions of ($37M). At the fund level, SPY ($4,072M) and QQQ ($2,429M) were the top two flow leaders, while VOO (($1,570M)) and DIA (($910M)) saw the most significant redemptions.

Ticker Fund Name 1-Day Flow AUM
Top 5 Leaders
SPY SPDR S&P 500 ETF Trust $4,072M $702.3B
QQQ Invesco QQQ Trust Series I $2,429M $407.2B
SPYM State Street SPDR Portfolio S&P 500 ETF $1,131M $97.8B
IVV iShares Core S&P 500 ETF $619M $733.5B
QQQM Invesco NASDAQ 100 ETF $364M $70.8B
Top 5 Laggards
VOO Vanguard S&P 500 ETF ($1,570M) $823.3B
DIA SPDR Dow Jones Industrial Average ETF Trust ($910M) $42.9B
IWM iShares Russell 2000 ETF ($642M) $72.3B
IWF iShares Russell 1000 Growth ETF ($119M) $125.0B
QUAL iShares MSCI USA Quality Factor ETF ($80M) $48.2B

Global Ex-U.S. Size & Style

Global Ex-U.S. funds saw net positive flows overall, led by Global Ex-U.S. Large Cap – Blend funds which gathered $264M. Emerging Large Cap funds also saw significant inflows of $283M. In contrast, Global Ex-U.S. Large Cap – Growth funds saw outflows of ($35M). Fund-level activity was topped by IEMG ($241M) and VT ($200M), while CGXU (($29M)) and XCEM (($11M)) were the top laggards.

Ticker Fund Name 1-Day Flow AUM
Top 5 Leaders
IEMG iShares Core MSCI Emerging Markets ETF $241M $117.8B
VT Vanguard Total World Stock ETF $200M $58.8B
VXUS Vanguard Total International Stock ETF $107M $114.6B
ACWX iShares MSCI ACWI ex U.S. ETF $80M $7.4B
VYMI Vanguard International High Dividend Yield ETF $53M $14.1B
Top 5 Laggards
CGXU Capital Group International Focus Equity ETF ($29M) $4.4B
XCEM Columbia EM Core ex-China ETF ($11M) $1.2B
OSEA Harbor International Compounders ETF ($11M) $0.5B
IDLV Invesco S&P International Developed Low Volatility ETF ($10M) $0.3B
SAGP Strategas Global Policy Opportunities ETF ($3M) $0.1B

Region & Country

Region-specific funds saw net outflows of ($59M). North America led with modest inflows of $14M, but this was heavily offset by outflows from the Eurozone category, which shed ($56M), and Asia-Pacific funds, which saw ($17M) in redemptions. At the fund level, FLIN ($19M) and CQQQ ($10M) were the inflow leaders, while EPI (($46M)) and EWG (($37M)) were the top laggards.

Ticker Fund Name 1-Day Flow AUM
Top 5 Leaders
FLIN Franklin FTSE India ETF $19M $2.66B
CQQQ Invesco China Technology ETF $10M $2.86B
BBCA JPMorgan BetaBuilders Canada ETF $9M $9.29B
EWC iShares MSCI Canada ETF $5M $3.52B
VGK Vanguard FTSE Europe ETF $0M $28.53B
Top 5 Laggards
EPI WisdomTree India Earnings Fund ($46M) $2.74B
EWG iShares MSCI Germany ETF ($37M) $1.76B
HEZU iShares Currency Hedged MSCI Eurozone ETF ($20M) $0.62B
KWEB KraneShares CSI China Internet ETF ($1M) $8.92B
PGJ Invesco Golden Dragon China ETF $0M $0.14B

Sector & Industry

On a sector basis, Financials led all sectors with $586M in 1-day flows, followed by Industrial at $441M and Real Estate at $386M. Conversely, Consumer Discretionary saw the largest outflows at ($518M), followed by Materials (($274M)) and Consumer Staples (($261M)). Fund-level flows were topped by SMH ($253M) and XLF ($249M), while XLY (($607M)) and IYR (($153M)) experienced the most significant redemptions.

Ticker Fund Name 1-Day Flow AUM
Top 5 Leaders
SMH VanEck Semiconductor ETF $253M $36.7B
XLF State Street Financial Select Sector SPDR ETF $249M $52.0B
XBI State Street SPDR S&P Biotech ETF $173M $7.6B
XLU State Street Utilities Select Sector SPDR ETF $157M $21.6B
XRT State Street SPDR S&P Retail ETF $89M $0.4B
Top 5 Laggards
XLY State Street Consumer Discretionary Select Sector SP.. ($607M) $24.3B
IYR iShares U.S. Real Estate ETF ($153M) $4.1B
XLK State Street Technology Select Sector SPDR ETF ($146M) $94.5B
IYK iShares U.S. Consumer Staples ETF ($77M) $1.2B
SOXX iShares Semiconductor ETF ($77M) $17.5B

Thematic

Thematic funds saw net flows of $573M, led by the Natural Resources category, which gathered $177M. Disruptive Tech ($98M) and Infrastructure ($90M) also saw strong inflows. In contrast, Alternative Equity saw the largest outflows at ($18M), while Evolving Consumer saw ($2M) in redemptions. The COPX ($104M) and ARKK ($45M) ETFs led fund-level inflows, while CCNR (($18M)) and FDN (($14M)) saw the largest redemptions.

Ticker Fund Name 1-Day Flow AUM
Top 5 Leaders
COPX Global X Copper Miners ETF $104M $3.72B
ARKK ARK Innovation ETF $45M $7.91B
XHB State Street SPDR S&P Homebuilders ETF $38M $1.73B
XME State Street SPDR S&P Metals & Mining ETF $35M $2.92B
AIRR First Trust RBA American Industrial Renaissance ETF $35M $6.26B
Top 5 Laggards
CCNR ALPS CoreCommodity Natural Resources ETF ($18M) $0.42B
FDN First Trust Dow Jones Internet Index Fund ($14M) $6.86B
ITB iShares U.S. Home Construction ETF ($10M) $2.75B
ARKW ARK Next Generation Internet ETF ($8M) $2.24B
PAVE Global X U.S. Infrastructure Development ETF ($8M) $9.84B

Fixed Income

Fixed Income funds saw net inflows of $1,372M. By type, FI: Multi-Sector led with $512M, followed by FI: Corporate ($367M) and FI: Government ($338M). FI: Municipal funds saw modest net outflows of ($7M). By duration, Intermediate duration funds gathered $926M, while Long duration funds shed ($211M). BHYB ($395M) and SGOV ($286M) were the top individual fund leaders, with LOD (($244M)) and HYG (($242M)) leading redemptions.

Ticker Fund Name 1-Day Flow AUM
Top 5 Leaders
BHYB Xtrackers USD High Yield BB-B ex Financials ETF $395M $1.57B
SGOV iShares 0-3 Month Treasury Bond ETF $286M $65.38B
VCIT Vanguard Intermediate-Term Corporate Bond ETF $227M $58.74B
BND Vanguard Total Bond Market ETF $171M $144.51B
VCSH Vanguard Short-Term Corporate Bond ETF $167M $40.21B
Top 5 Laggards
LOD iShares iBoxx $ Investment Grade Corporate Bond ETF ($244M) $33.38B
HYG iShares iBoxx $ High Yield Corporate Bond ETF ($242M) $19.26B
IEF iShares 7-10 Year Treasury Bond ETF ($193M) $44.97B
SHV iShares Short Treasury Bond ETF ($104M) $20.26B
HYDW Xtrackers Low Beta High Yield Bond ETF ($85M) $0.07B

Commodity

Commodity funds experienced net outflows of ($207M). This was primarily driven by the Precious Metals category, which lost ($213M) in 1-day flows. Multi-Sector ($6M) and Industrial Metals ($2M) saw minor inflows, while Energy was flat ($0M). Fund-level activity was topped by GLDM ($42M) and IAU ($32M), while SLV (($313M)) was the clear driver of the outflows, followed by DBC (($3M)).

Ticker Fund Name 1-Day Flow AUM
Top 5 Leaders
GLDM SPDR Gold Minishares Trust of beneficial interest $42M $23.99B
IAU iShares Gold Trust $32M $65.60B
SIVR abrdn Physical Silver Shares ETF $27M $4.13B
BCI abrdn Bloomberg All Commodity Strategy K-1 Free ETF $6M $2.03B
CPER United States Copper Index Fund $3M $0.34B
Top 5 Laggards
SLV iShares Silver Trust ($313M) $29.47B
DBC Invesco DB Commodity Index Tracking Fund ($3M) $1.26B
UNG United States Natural Gas Fund LP ($3M) $0.57B
DBA Invesco DB Agriculture Fund ($3M) $0.75B
DBB Invesco DB Base Metals Fund ($1M) $0.15B

Digital Assets

Digital Asset funds saw net outflows of ($193M) as redemptions from Bitcoin and Ethereum funds offset inflows into Altcoin. Bitcoin funds led the outflows at ($177M), followed by Ethereum funds at ($40M). Altcoin funds saw inflows of $23M. ETHA ($28M) and BITO ($18M) were the top two fund-level leaders for the day, while IBIT (($113M)) and FBTC (($54M)) saw the largest redemptions.

Ticker Fund Name 1-Day Flow AUM
Top 5 Leaders
ETHA iShares Ethereum Trust ETF $28M $11.49B
BITO ProShares Bitcoin ETF $18M $2.44B
XRPZ Franklin XRP ETF $6M $0.13B
XRPC Canary XRP ETF $5M $0.36B
GLNK Grayscale Chainlink Trust ETF $4M $0.07B
Top 5 Laggards
IBIT iShares Bitcoin Trust ETF ($113M) $71.54B
FBTC Fidelity Wise Origin Bitcoin Fund ($54M) $18.78B
ETHE Grayscale Ethereum Trust ETF ($31M) $2.93B
ETH Grayscale Ethereum Mini Trust ETF ($21M) $2.24B
FETH Fidelity Ethereum Fund ETF ($18M) $2.33B

Non-Traditional

Non-Traditional funds saw strong net inflows of $8,452M, driven heavily by the Synthetic Income category which gathered $8,595M. Buffer products also saw modest inflows of $87M. This strong demand was partially offset by Leverage | Inverse funds, which saw ($230M) in redemptions. At the fund level, the synthetic income ETFs MSTY ($7,484M) and AMDY ($762M) led inflows, while the leveraged single-stock products SPXL (($67M)) and AGQ (($65M)) saw the largest redemptions.

Ticker Fund Name 1-Day Flow AUM
Top 5 Leaders
MSTY YieldMax MSTR Option Income Strategy ETF $7,484M $1.93B
AMDY YieldMax AMD Option Income Strategy ETF $762M $0.19B
KOLD ProShares UltraShort Bloomberg Natural Gas $137M $0.22B
SPYI NEOS S&P 500 High Income ETF $107M $6.32B
SQQQ ProShares UltraPro Short QQQ $47M $2.44B
Top 5 Laggards
SPXL Direxion Daily S&P 500 Bull 3x Shares ($67M) $5.97B
AGQ ProShares Ultra Silver ($65M) $1.57B
TSLL Direxion Daily TSLA Bull 2X Shares ($45M) $7.08B
BOIL ProShares Ultra Bloomberg Natural Gas ($42M) $0.43B
METU Direxion Daily META Bull 2X Shares ($38M) $0.97B

Recent ETF Launches

The DVGR ETF from DAC 3D was the most recent fund to launch (12/5/2025). Other new funds from December include the TXXS ETF from 21Shares and the VMSB ETF from Voya. The table below lists the 10 newest funds to market. 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
12/5/2025 DVGR DAC 3D Dividend Growth ETF Unclassified $0.00M
12/4/2025 TXXS 21Shares 2x Long Sui ETF Unclassified $0.25M
12/3/2025 VMSB Voya Multi-Sector Income ETF Unclassified $107.98M
12/3/2025 UNHW Roundhill UNH WeeklyPay ETF Unclassified $1.06M
12/3/2025 SOEZ Franklin Solana ETF Unclassified $2.38M
12/3/2025 NEHI NEOS Ethereum High Income ETF Unclassified $1.05M
12/3/2025 KPHO Kraneshares Dragon Capital Vietnam Growth Index ETF Unclassified $0.00M
12/3/2025 IVSS Applied Finance IVS US SMID ETF Unclassified $1.26M
12/2/2025 VUS Virtus US Dividend ETF Unclassified $3.15M
12/2/2025 VDI Virtus International Dividend ETF Unclassified $3.05M

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 December 5, 2025, and reflects create/redeem activity from Wednesday, December 4, 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.