IBIT, Bonds See Strong Flows as Investors Play Defense
- The iShares Bitcoin Trust ETF (IBIT) led all ETFs with $675 million in inflows.
- Here are the daily ETF fund flows for May 5, 2025.
U.S.-listed ETFs kicked off the week with $2.9 billion in net inflows, according to data from FactSet. Fixed income drew the lion’s share of flows, with U.S. bond ETFs adding $1.5 billion on the day.
The Vanguard Total Bond Market ETF (BND) and iShares 20+ Year Treasury Bond ETF (TLT) each pulled in about $200 million, while the short-duration iShares 0-3 Month Treasury Bond ETF (SGOV) added another $211 million. Investors still seem to be seeking yield and safety as markets digest trade headlines and macro data.
The iShares Bitcoin Trust ETF (IBIT) led all ETFs with $675 million in inflows, extending its recent run as one of the most in-demand funds of 2025. Crypto-linked assets have seen renewed momentum as Bitcoin prices stabilize after a volatile stretch.
Equities were more mixed. The iShares Russell 2000 ETF (IWM) picked up $341 million, while flows into the SPDR S&P 500 Bull 3x Shares (SPXL) suggest a subset of traders is leaning bullish via leverage.
On the flip side, the SPDR Gold Shares (GLD) saw $509 million in outflows, and semiconductor-focused ETFs like the VanEck Semiconductor ETF (SMH) and the Direxion Daily Semiconductor Bull 3x Shares (SOXL) also landed on the redemptions list, a sign of cooling sentiment in the chip sector.
Overall, the flows data showed a cautious tilt: modest buying of U.S. and international bonds, continued interest in Bitcoin and limited appetite for higher-volatility equity sectors. With markets on edge ahead of the next Fed decision, positioning looks balanced but wary.
Top 10 Creations (All ETFs)
| Ticker | Name | Net Flows ($, mm) | AUM ($, mm) | AUM % Change |
| IBIT | iShares Bitcoin Trust ETF | 674.91 | 59,641.19 | 1.13% |
| SPXL | Direxion Daily S&P 500 Bull 3x Shares | 382.89 | 4,669.91 | 8.20% |
| IWM | iShares Russell 2000 ETF | 340.99 | 60,244.33 | 0.57% |
| SOXS | Direxion Daily Semiconductor Bear 3x Shares | 220.02 | 906.19 | 24.28% |
| SGOV | iShares 0-3 Month Treasury Bond ETF | 210.82 | 45,943.54 | 0.46% |
| BND | Vanguard Total Bond Market ETF | 210.74 | 125,684.44 | 0.17% |
| TLT | iShares 20+ Year Treasury Bond ETF | 201.67 | 46,663.63 | 0.43% |
| USO | United States Oil Fund LP | 172.03 | 1,173.82 | 14.66% |
| BNDX | Vanguard Total International Bond ETF | 155.15 | 64,789.90 | 0.24% |
| VCSH | Vanguard Short-Term Corporate Bond ETF | 149.39 | 34,613.94 | 0.43% |
Top 10 Redemptions (All ETFs)
| Ticker | Name | Net Flows ($, mm) | AUM ($, mm) | AUM % Change |
| GLD | SPDR Gold Shares | -509.29 | 98,114.09 | -0.52% |
| SMH | VanEck Semiconductor ETF | -164.43 | 19,927.61 | -0.83% |
| SOXL | Direxion Daily Semiconductor Bull 3x Shares | -156.24 | 9,827.88 | -1.59% |
| TSLL | Direxion Daily TSLA Bull 2X Shares | -135.99 | 5,034.60 | -2.70% |
| BBIN | JPMorgan BetaBuilders International Equity ETF | -116.44 | 5,110.51 | -2.28% |
| IJH | iShares Core S&P Mid-Cap ETF | -93.80 | 89,091.99 | -0.11% |
| CGDV | Capital Group Dividend Value ETF | -85.22 | 15,345.85 | -0.56% |
| IJR | iShares Core S&P Small Cap ETF | -77.34 | 75,938.53 | -0.10% |
| DGRO | iShares Core Dividend Growth ETF | -76.02 | 30,336.02 | -0.25% |
| IGV | iShares Expanded Tech-Software Sector ETF | -69.61 | 11,560.66 | -0.60% |
ETF Daily Flows By Asset Class
| Net Flows ($, mm) | AUM ($, mm) | % of AUM | |
| Alternatives | -10.07 | 9,765.43 | -0.10% |
| Asset Allocation | 5.76 | 23,923.58 | 0.02% |
| Commodities ETFs | -399.49 | 208,446.98 | -0.19% |
| Currency | 692.35 | 125,607.51 | 0.55% |
| International Equity | -32.39 | 1,693,791.50 | 0.00% |
| International Fixed Income | 513.61 | 280,107.44 | 0.18% |
| Inverse | 330.50 | 15,592.78 | 2.12% |
| Leveraged | -65.55 | 110,697.03 | -0.06% |
| US Equity | 365.43 | 6,480,666.21 | 0.01% |
| US Fixed Income | 1,499.87 | 1,641,708.17 | 0.09% |
| Total: | 2,900.02 | 10,590,306.63 | 0.03% |
Disclaimer: All data as of 6 a.m. Eastern time the date the article is published. Data are believed to be accurate; however, transient market data are often subject to subsequent revision and correction by the exchanges.
