Crypto ETFs Lead Gains Last Week; SPY Scores Inflows

CONY had week's biggest gain while SPY, SPLG, VOO topped inflows; USMV was the week’s worst performer.

RonDay
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Managing Editor
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Reviewed by: Kent Thune
,
Edited by: etf.com Staff

Cryptocurrency and crypto industry ETFs jumped the most in price last week, while S&P 500 index funds SPY, SPLG and VOO brought in the most money over the same period.

The YieldMax COIN Option Income Strategy (CONY) was last week’s best gainer, adding 12%, according to etf.com data. The $334 million covered call ETF offers exposure to Coinbase Global Inc.’s stock, which last week surged after the largest U.S. crypto exchange reported its first profit in two years.

The Grayscale Future of Finance (GFOF) added 11% last week while the First Trust SkyBridge Crypto Industry and Digital Economy ETF (CRPT) jumped 10% as enthusiasm for crypto investments surged along with the prices of bitcoin and ethereum. 

Investors returned to S&P 500 Index funds in a big way last week. The index hit a record just below 5,030 Thursday, encouraging investors to put money to work in ETFs tracking the index. 

The world’s biggest ETF, the $492.7 billion SPDR S&P 500 ETF Trust (SPY), led inflows last week with a $5.3 billion haul, bringing some relief to the fund that’s seen $30.7 billion flow out so far this year. Right behind SPY was another SPDR fund, the $31.4 billion SPDR Portfolio S&P 500 ETF (SPLG), which brought in $2.07 billion, a 6.6% jump in assets. Both funds track the S&P 500, with SPLG a lower-fee version of SPY.

Another S&P 500 index fund, the $408.1 billion Vanguard 500 Index Fund (VOO), was last week’s third biggest gainer, bringing in $1.45 billion. 

The $25.2 billion iShares MSCI USA Min Vol Factor ETF (USMV) had last week’s biggest outflows, with $1.19 billion departing, a nearly 5% drop in assets under management. The fund bets on low volatility stocks and may have declined as rising markets encouraged risk-taking by investors, according to etf.com senior analyst Sumit Roy.

 

Top 10 Weekly Performers, Excluding Leverage/Inverse Funds and <1,000 Shares Traded

TickerNameWeekly PerformanceWeekly VolumeAUM ($, mm)
CONYYieldMax COIN Option Income Strategy ETF

12.44%

1,709,356

334.03

GFOFGrayscale Future of Finance ETF

10.55%

19,918

7.21

CRPTFirst Trust SkyBridge Crypto Industry and Digital Economy ETF

10.49%

233,616

40.43

BITQBitwise Crypto Industry Innovators ETF

10.12%

902,698

145.33

PALLAberdeen Standard Physical Palladium Shares ETF

10.12%

210,252

214.30

DAPPVanEck Digital Transformation ETF

10.05%

1,140,859

100.90

FDIGFidelity Crypto Industry and Digital Payments ETF

10.04%

373,038

96.45

IBLCiShares Blockchain and Tech ETF

9.51%

134,253

23.11

BITSGlobal X Blockchain and Bitcoin Strategy ETF

8.85%

40,947

22.05

SATOInvesco Alerian Galaxy Crypto Economy ETF

8.54%

42,768

9.29



 

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.

Ron Day is Managing Editor at etf.com. He joined the company in October 2022 and previously served as editor and deputy managing editor.

Ron covered business and financial news at Bloomberg News for 20 years, working on the breaking news, technology, commodities, headlines and First Word teams. He was previously senior editor at ESG news outlet Karma Impact and filled the same role at Boundless Impact. He also covered a variety of beats at New Jersey daily papers including the Daily Record in Parsippany, the North Jersey Herald & News and the Asbury Park Press. Ron's freelance work has been published in AARP.com, Investopedia.com and BigThink.com.

Ron is an advocate and fan of literacy. He hopes to one day master his Telecaster, rather than the other way around. His wonderful family includes a 10-lb. malti-poo named Emmy.