ETF Inflows Top $34.6B As Bonds Lead The Way
Investors poured $34.6B into ETFs last week as bonds led inflows and markets hit new highs.
U.S.-listed ETFs pulled in $34.6 billion in the week ending Oct. 3, marking another strong week of inflows as markets continued to rally.
U.S. fixed income ETFs led the way with $11.3 billion of inflows, ahead of the $5.6 billion that went into U.S. equity ETFs.
International equity ETFs also saw robust demand last week, gathering $8.7 billion. Total inflows for U.S.-listed ETFs in 2025 now stand at more than $950 billion, putting the industry on pace to top $1 trillion for the second straight year.
Top Individual Flows
The SPDR Portfolio S&P 500 ETF (SPLG) led all ETFs last week with $1.8 billion of inflows. SPLG’s 0.02% expense ratio undercuts the 0.03% fees charged by larger rivals like the Vanguard S&P 500 ETF (VOO) and the iShares Core S&P 500 ETF (IVV), helping it attract cost-conscious investors.
The S&P 500 extended its gains last week, hitting new records and bringing its year-to-date rise to more than 15%.
In second place, the iShares iBoxx $ High Yield Corporate Bond ETF (HYG) added $1.7 billion. High yield corporate bonds have rallied this year as yields have fallen and credit spreads versus Treasuries have tightened to their narrowest levels in years.
HYG is up 7.3% year to date, trailing the 7.8% gain for its investment grade counterpart, the iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD).
Other notable flow winners from last week included the VanEck Semiconductor ETF (SMH), the SPDR Gold Shares (GLD), and the iShares Bitcoin Trust (IBIT). Each of those funds hit new highs last week alongside their underlying assets.
Gold recently surpassed $4,000/oz for the first time, Bitcoin topped $125,000, and semiconductors continued to surge on relentless demand for AI infrastructure.
For a full list of last week’s top inflows and outflows, see the tables below.
Top 10 Creations (All ETFs)
| Ticker | Name | Net Flows ($, mm) | AUM ($, mm) | AUM % Change< |
| SPLG | SPDR Portfolio S&P 500 ETF | 1,819.04 | 88,063.63 | 2.07 |
| HYG | iShares iBoxx $ High Yield Corporate Bond ETF | 1,722.28 | 19,894.78 | 8.66 |
| SMH | VanEck Semiconductor ETF | 1,145.87 | 33,464.87 | 3.42 |
| GLD | SPDR Gold Shares | 1,109.86 | 126,499.54 | 0.88 |
| VTI | Vanguard Total Stock Market ETF | 1,031.79 | 550,768.39 | 0.19 |
| IBIT | iShares Bitcoin Trust ETF | 987.56 | 93,949.11 | 1.05 |
| SPY | SPDR S&P 500 ETF Trust | 986.20 | 676,807.13 | 0.15 |
| DYNF | iShares U.S. Equity Factor Rotation Active ETF | 937.73 | 27,509.47 | 3.41 |
| VXUS | Vanguard Total International Stock ETF | 899.61 | 108,572.44 | 0.83 |
| PBUS | Invesco MSCI USA ETF | 771.80 | 9,157.12 | 8.43 |
Top 10 Redemptions (All ETFs)
| Ticker | Name | Net Flows ($, mm) | AUM ($, mm) | AUM % Change |
| IWM | iShares Russell 2000 ETF | -2,663.71 | 69,422.05 | -3.84 |
| QQQ | Invesco QQQ Trust Series I | -2,011.07 | 387,223.61 | -0.52 |
| VOO | Vanguard S&P 500 ETF | -1,017.51 | 765,472.11 | -0.13 |
| VUG | Vanguard Growth ETF | -704.25 | 196,233.85 | -0.36 |
| RSP | Invesco S&P 500 Equal Weight ETF | -611.71 | 74,410.22 | -0.82 |
| IWB | iShares Russell 1000 ETF | -585.37 | 43,623.46 | -1.34 |
| IVV | iShares Core S&P 500 ETF | -479.03 | 703,156.07 | -0.07 |
| VONG | Vanguard Russell 1000 Growth ETF | -450.72 | 32,795.34 | -1.37 |
| LQD | iShares iBoxx $ Investment Grade Corporate Bond ETF | -411.52 | 31,846.18 | -1.29 |
| QUAL | iShares MSCI USA Quality Factor ETF | -351.27 | 53,328.96 | -0.66 |
ETF Weekly Flows By Asset Class
| Net Flows ($, mm) | AUM ($, mm) | % of AUM | |
| Alternatives | 331.58 | 12,215.76 | 2.71% |
| Asset Allocation | 199.30 | 29,280.00 | 0.68% |
| Commodities E T Fs | 2,319.16 | 277,624.22 | 0.84% |
| Currency | 2,833.02 | 199,760.27 | 1.42% |
| International Equity | 8,649.60 | 2,118,392.42 | 0.41% |
| International Fixed Income | 3,088.28 | 336,142.90 | 0.92% |
| Inverse | 643.89 | 14,814.62 | 4.35% |
| Leveraged | -257.97 | 158,323.28 | -0.16% |
| Us Equity | 5,573.97 | 7,842,496.76 | 0.07% |
| Us Fixed Income | 11,264.69 | 1,817,896.45 | 0.62% |
| Total: | 34,645.52 | 12,806,946.68 | 0.27% |
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.
