Huge $15B Haul for SPY Fuels Strong Weekly ETF Inflows

The world's largest ETF topped the inflows list last week.

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sumit
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Senior ETF Analyst
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Reviewed by: etf.com Staff
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Edited by: Kiran Aditham

Just over $35 billion flowed into U.S.-listed exchange-traded funds last week, pushing 2024 inflows up to $1.05 trillion, according to the latest data from Bloomberg.

$25 billion flowed into domestic equity ETFs last week, while over $6 billion went into domestic fixed income ETFs.

Barring a big setback in the final two weeks of the year, 2024 inflows will easily top the previous annual record of $900 billion from 2021.

Total assets under management in U.S.-listed ETFs now stand at $10.6 trillion.

SPY Leads the Way

Of last week’s inflows, nearly half went into one fund— the SPDR S&P 500 ETF Trust (SPY)— with inflows of over $15 billion.

SPY’s weekly inflows were seven times that of the next-biggest asset gatherer of the week, the Vanguard Growth ETF (VUG), with inflows of $2.4 billion.

That was followed by inflows of $1.9 billion for the Vanguard S&P 500 ETF (VOO); $1.6 billion of inflows for the Vanguard Total Stock Market ETF (VTI); and $1.5 billion of inflows for the iShares Bitcoin Trust (IBIT).

On a year-to-date basis, VOO leads all ETFs with inflows of $102 billion, well ahead of the $29 billion for SPY.

IBIT is No. 3 with inflows of $36 billion for the year, behind only VOO and the iShares Core S&P 500 ETF (IVV), which has inflows of $54 billion for 2024. 

IVV Leads Weekly Outflows

While IVV has been in-demand for much of the year, it registered a hefty $9.6 billion outflow last week, the largest of any ETF by far.

The Invesco QQQ Trust (QQQ) and the iShares 20+ Year Treasury Bond ETF (TLT) were the only other ETFs to see outflows of more than $1 billion last week, with redemptions of $1.3 billion and $1.2, billion, respectively.

The SPDR Gold Trust (GLD) was another notable flows loser, with outflows of $663 million. 
 

Sumit Roy is the senior ETF analyst for etf.com, where he has worked for 13 years. He creates a variety of content for the platform, including news articles, analysis pieces, videos and podcasts.

Before joining etf.com, Sumit was the managing editor and commodities analyst for Hard Assets Investor. In those roles, he was responsible for most of the operations of HAI, a website dedicated to education about commodities investing.

Though he still closely follows the commodities beat, Sumit covers a much broader assortment of topics for etf.com, with a particular focus on stock and bond exchange-traded funds.

He is the host of etf.com’s Talk ETFs, a popular video series that features weekly interviews with thought leaders in the ETF industry. Sumit is also co-host of Exchange Traded Fridays, etf.com’s weekly podcast series.

He lives in the San Francisco Bay Area, where he enjoys climbing the city’s steep hills, playing chess and snowboarding in Lake Tahoe.