IVV Leads Equity ETF Flows; Currency ETFs Make a Big Reversal
Weekly fund inflows skyrocketed to $62.5 billion, with equity ETFs accounting for over 80% of total flows and S&P 500 funds dominating the category.
Total exchange-traded fund asset-class flows nearly tripled last week to $62.5 billion, up from $22.2 billion the week prior, according to data from etf.com's Fund Flows tool.
The massive surge comes amid a cautious market recovery, as investors redirected capital across nearly all major asset class categories after weeks of volatility driven by tariff concerns and economic uncertainty.
IVV and Equity ETFs Lead Inflows
Equity ETFs led the charge with $51.8 billion in inflows for the week ending March 24, according to etf.com data, dwarfing the previous week's $16.8 billion. Within this asset class category, the iShares Core S&P 500 ETF (IVV) captured the largest share with $17.3 billion, while SPDR Portfolio S&P 500 ETF (SPLG) added $1.8 billion.
The fixed-income asset class also saw substantial growth, according to the etf.com data, with inflows increasing to $6.6 billion from $4.2 billion. High-yield bond products within this category showed the most strength, with the SPDR Portfolio High Yield Bond ETF (SPHY) led this category with $721.5 million in new assets.
Source: etf.com
Gold and Bitcoin ETFs Gain Momentum
The commodity asset class also showed strength, according to the etf.com data, with flows jumping to $3.2 billion from $2.4 billion. Gold-focused products dominated this category, with the SPDR Gold Trust (GLD) attracting $2.4 billion in inflows, while the SPDR Gold MiniShares Trust (GLDM) gathered $501.4 million as investors sought inflation hedges.
Currency assets experienced the most dramatic reversal among all categories, swinging to $564.6 million in inflows from $1.4 billion in outflows. Bitcoin-focused funds led this recovery, with the iShares Bitcoin Trust (IBIT) adding $336.3 million and the Fidelity Wise Origin Bitcoin Fund (FBTC) gathering $145.7 million.
Asset allocation ETFs saw inflows surge to $203 million from $67.3 million, according to etf.com data, with the iShares Core Conservative Allocation ETF (AOK) capturing $28.4 million.
Alternative strategies were the only category to experience a decline in flows, dropping from $116 million to $107.3 million. Within this category, managed futures products like the Simplify Managed Futures Strategy ETF (CTA) attracted $83.7 million, while volatility products like the iPath Series B S&P 500 VIX Short Term Futures ETN (VXX) led on the outflows side, losing $83.4 million and dragging the category down.
