##  [# ETFs See Rare Weekly Outflow During Holiday-Shortened Week ](/sections/weekly-etf-flows/etfs-see-rare-weekly-outflow-during-holiday-shortened-week) 

 

# ETFs See Rare Weekly Outflow During Holiday-Shortened Week 

 

 

Investors pulled more than $500 million out of U.S.-listed ETFs, according to FactSet.



 

 

 

 

 [![sumit](/sites/default/files/styles/author_image_icon/public/2023-03/Sumit_0.png?itok=SO-7S5SH "sumit")](/authors/sumit-roy) 

[By Sumit Roy ](/authors/sumit-roy)

 Dec 29, 2025

 Edited by: ETF.com Staff

 

 

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U.S.-listed ETFs recorded a rare weekly outflow during the holiday-shortened week ended Friday, Dec. 26.  
  
The trading week was shortened by the Christmas holiday, with markets closed on Thursday, Dec. 25, and operating for only a half day on Wednesday. On a net basis, ETFs saw $569 million of outflows for the week.  
  
Despite the pullback, year-to-date inflows remain robust at more than $1.4 trillion and still have an outside chance of eclipsing $1.5 trillion before the end of the year.

## U.S. Equity ETFs Lead Outflows

From an asset class perspective, U.S. equity ETFs were the biggest drag on flows, posting $25.9 billion of outflows for the week.  
  
Those losses were partially offset by inflows elsewhere across the ETF universe. International equity ETFs took in $10.1 billion, while U.S. fixed income ETFs attracted $8.8 billion. International fixed income ETFs and commodities ETFs each gathered $3.1 billion.  
  
The mixed flow picture came even as markets ended the pre-holiday period on a strong note. The S&amp;P 500 hit a fresh record high on Tuesday before Christmas, extending its year-to-date gain to more than 19%. Treasury yields edged lower during the week, with the 10-year yield falling to around 4.13% and remaining within its recent trading range.

 
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## Money Flows Into GLD

But the most notable market action last week occurred in precious metals. Gold, silver and platinum all pushed to record highs, a move that was clearly reflected in ETF flows.  
  
The [**SPDR Gold Shares (GLD)**](/GLD) led the charge, pulling in $2.6 billion during the week. On a year-to-date basis, GLD has now gathered $23.4 billion of inflows.  
  
More broadly, U.S.-listed gold ETFs have collectively taken in $47.6 billion so far this year.  
  
Several large, core equity ETFs also posted sizable weekly inflows.  
  
The [**Vanguard S&amp;P 500 ETF (VOO)**](/voo) led all funds with $14.9 billion of inflows. The [**SPDR S&amp;P 500 ETF Trust (SPY)**](/spy) followed with $6.2 billion, while the [**Vanguard Total International Stock ETF (VXUS)**](/vxus) brought in $4.1 billion.

## SPYM Leads Outflows

On the outflows side, the [**State Street SPDR Portfolio S&amp;P 500 ETF (SPYM)**](/spym) saw $6.4 billion leave the fund, followed by the [**SPDR Portfolio S&amp;P 500 Value ETF (SPYV)**](/spyv) with $5.9 billion of outflows and the [**iShares S&amp;P 500 Value ETF (IVE)**](/ive) with $4.7 billion.  
  
Many of these large moves appear to be driven by tax-related “heartbeat” trading rather than organic shifts in investor positioning, a common feature of year-end ETF flow data.  
  
For a full list of the largest inflows and outflows from last week, see the tables below.

## **Top 10 Creations (All ETFs)**

TickerNameNet Flows ($, mm)AUM ($, mm)AUM % Change&lt;[VOO](https://www.etf.com/voo)[Vanguard S&amp;P 500 ETF](https://www.etf.com/voo)14,914.11840,796.091.77[SPY](https://www.etf.com/spy)[SPDR S&amp;P 500 ETF Trust](https://www.etf.com/spy)6,212.09712,930.660.87[VXUS](https://www.etf.com/vxus)[Vanguard Total International Stock ETF](https://www.etf.com/vxus)4,090.30120,224.733.40[VEA](https://www.etf.com/vea)[Vanguard FTSE Developed Markets ETF](https://www.etf.com/vea)3,335.28193,183.091.73[GLD](https://www.etf.com/gld)[SPDR Gold Shares](https://www.etf.com/gld)2,619.35154,271.891.70[VWO](https://www.etf.com/vwo)[Vanguard FTSE Emerging Markets ETF](https://www.etf.com/vwo)1,578.66105,102.861.50[SGOV](https://www.etf.com/sgov)[iShares 0-3 Month Treasury Bond ETF](https://www.etf.com/sgov)1,263.5667,689.161.87[BNDX](https://www.etf.com/bndx)[Vanguard Total International Bond ETF](https://www.etf.com/bndx)938.7273,787.651.27[TLT](https://www.etf.com/tlt)[iShares 20+ Year Treasury Bond ETF](https://www.etf.com/tlt)917.4348,226.051.90[VEU](https://www.etf.com/veu)[Vanguard FTSE All-World ex-US Index Fund](https://www.etf.com/veu)830.1954,172.771.53## **Top 10 Redemptions (All ETFs)**

TickerNameNet Flows ($, mm)AUM ($, mm)AUM % Change[SPYM](https://www.etf.com/spym)[State Street SPDR Portfolio S&amp;P 500 ETF](https://www.etf.com/spym)-6,440.5497,545.47-6.60[SPYV](https://www.etf.com/spyv)[SPDR Portfolio S&amp;P 500 Value ETF](https://www.etf.com/spyv)-5,912.0931,967.30-18.49[IVE](https://www.etf.com/ive)[iShares S&amp;P 500 Value ETF](https://www.etf.com/ive)-4,675.3048,390.64-9.66[IVW](https://www.etf.com/ivw)[iShares S&amp;P 500 Growth ETF](https://www.etf.com/ivw)-3,327.0567,484.00-4.93[MOAT](https://www.etf.com/moat)[VanEck Morningstar Wide Moat ETF](https://www.etf.com/moat)-2,857.4813,006.85-21.97[SPYG](https://www.etf.com/spyg)[SPDR Portfolio S&amp;P 500 Growth ETF](https://www.etf.com/spyg)-2,564.9745,974.77-5.58[SMH](https://www.etf.com/smh)[VanEck Semiconductor ETF](https://www.etf.com/smh)-2,494.7237,411.57-6.67[QQQ](https://www.etf.com/qqq)[Invesco QQQ Trust Series I](https://www.etf.com/qqq)-1,972.95410,182.15-0.48[IUSV](https://www.etf.com/iusv)[iShares Core S&amp;P US Value ETF](https://www.etf.com/iusv)-1,862.3324,671.89-7.55[VXF](https://www.etf.com/vxf)[Vanguard Extended Market ETF](https://www.etf.com/vxf)-1,858.8025,544.56-7.28## **ETF Weekly Flows By Asset Class**

 Net Flows ($, mm)AUM ($, mm)% of AUMAlternatives569.63111,492.700.51%Asset Allocation227.3432,969.860.69%Commodities E T Fs3,105.08345,973.360.90%Currency-651.50141,964.03-0.46%International Equity10,108.982,254,213.650.45%International Fixed Income3,098.10369,222.330.84%Inverse66.7112,306.930.54%Leveraged-12.73159,327.32-0.01%Us Equity-25,897.088,250,035.11-0.31%Us Fixed Income8,816.231,890,805.340.47%**Total:****-569.23****13,568,310.64****0.00%**Disclaimer: All data as of 6 a.m. Eastern time the date the article is published. Data is believed to be accurate; however, transient market data is often subject to subsequent revision and correction by the exchanges.





 

 

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  Sumit Roy is the senior ETF analyst for etf.com and author of (Don't) Invest Like a Pro. He creates a variety of content for the platform, including…   [View Bio](/authors/sumit-roy)

 



 

 


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