ETF Outflows Totaled Nearly $10B Last Week

Jun 26, 2023

Reviewed by: Lisa Barr

Edited by: Lisa Barr

Exchange-traded fund investors took profits on stocks last week as this year’s sizzling rally hit a bump in the road. On net, investors pulled $9.7 billion out of U.S.-listed ETFs during the week ending Friday, June 23.

All together, $10.8 billion came out of U.S. stock funds, which was partially offset by $1.6 billion and $617 million going into international equity and U.S. fixed income ETFs, respectively.

Year-to-date inflows for U.S.-listed ETFs now stand at $197.7 billion, which compares to $291.2 billion at the same time a year ago.

Outflows for the week were led by the Invesco QQQ Trust (QQQ) and the iShares Russell 2000 ETF (IWM), which had redemptions of $4 billion and $2.7 billion, respectively.

On the other hand, the iShares Russell 1000 Value ETF (IWD) and the iShares Russell Mid-Cap ETF (IWR) respectively picked up inflows of $3.9 billion and $1.6 billion.

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
IWD	iShares Russell 1000 Value ETF	3,933.97	54,450.73	7.22%
IWR	iShares Russell Mid-Cap ETF	1,603.79	29,404.49	5.45%
RSP	Invesco S&P 500 Equal Weight ETF	1,229.24	37,340.91	3.29%
XLF	Financial Select Sector SPDR Fund	1,019.25	31,794.86	3.21%
VONG	Vanguard Russell 1000 Growth ETF	723.43	13,633.57	5.31%
VEA	Vanguard FTSE Developed Markets ETF	709.15	113,150.02	0.63%
VONV	Vanguard Russell 1000 Value ETF	570.33	7,061.11	8.08%
SPY	SPDR S&P 500 ETF Trust	532.66	406,478.06	0.13%
BSJP	Invesco BulletShares 2025 High Yield Corporate Bond ETF	492.93	1,076.19	45.80%
LQD	iShares iBoxx USD Investment Grade Corporate Bond ETF	462.43	36,335.17	1.27%

Top 10 Redemptions (All ETFs)

Ticker	Name	Net Flows ($,mm)	AUM ($, mm)	AUM % Change
QQQ	Invesco QQQ Trust	-4,030.39	196,572.28	-2.05%
IWM	iShares Russell 2000 ETF	-2,667.79	53,698.93	-4.97%
VTV	Vanguard Value ETF	-2,149.39	98,384.87	-2.18%
VUG	Vanguard Growth ETF	-1,488.29	91,463.76	-1.63%
MOAT	VanEck Morningstar Wide Moat ETF	-1,462.03	9,433.13	-15.50%
SPHQ	Invesco S&P 500 Quality ETF	-1,443.38	5,292.70	-27.27%
XLK	Technology Select Sector SPDR Fund	-1,227.52	48,956.56	-2.51%
VO	Vanguard Mid-Cap Index Fund	-1,199.39	53,021.65	-2.26%
VXF	Vanguard Extended Market ETF	-1,057.02	15,036.82	-7.03%
SHY	iShares 1-3 Year Treasury Bond ETF	-974.39	26,883.37	-3.62%

ETF Weekly Flows By Asset Class

	Net Flows ($, mm)	AUM ($, mm)	% of AUM
U.S. Equity	-10,840.99	4,301,051.76	-0.25%
International Equity	1,565.31	1,285,295.63	0.12%
U.S. Fixed Income	617.15	1,250,498.91	0.05%
International Fixed Income	314.70	150,481.98	0.21%
Commodities	-942.10	131,813.06	-0.71%
Currency	-38.45	2,993.79	-1.28%
Leveraged	312.36	67,509.57	0.46%
Inverse	-656.51	20,690.75	-3.17%
Asset Allocation	5.92	15,857.19	0.04%
Alternatives	-4.72	7,139.93	-0.07%
Total:	-9,667.34	7,233,332.56	-0.13%

Asset Classes (Year-to-Date)

	Net Flows ($, mm)	AUM ($, mm)	% of AUM
U.S. Equity	48,959.28	4,301,051.76	1.14%
International Equity	49,146.62	1,285,295.63	3.82%
U.S. Fixed Income	86,557.79	1,250,498.91	6.92%
International Fixed Income	10,438.41	150,481.98	6.94%
Commodities	-1,013.78	131,813.06	-0.77%
Currency	-1,102.74	2,993.79	-36.83%
Leveraged	759.43	67,509.57	1.12%
Inverse	6,231.72	20,690.75	30.12%
Asset Allocation	-2,422.52	15,857.19	-15.28%
Alternatives	107.75	7,139.93	1.51%
Total:	197,661.95	7,233,332.56	2.73%

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

Ticker	Name	Weekly Performance	Weekly Volume	AUM ($, mm)
MAXI	Simplify Bitcoin Strategy PLUS Income ETF	7.81%	5,515	25.09
BTF	Valkyrie Bitcoin Strategy ETF	7.65%	1,037,998	29.87
BITO	ProShares Bitcoin Strategy ETF	7.54%	42,983,538	1,034.80
BITC	Bitwise Bitcoin Strategy Optimum Roll ETF	7.46%	7,623	0.67
XBTF	VanEck Bitcoin Strategy ETF	7.43%	66,952	45.05
ATFV	Alger 35 ETF	7.16%	14,334	11.02
MLPO	Credit Suisse S&P MLP Index ETN	6.01%	1,240	29.45
WEAT	Teucrium Wheat Fund	5.32%	4,294,392	194.06
BITS	Global X Blockchain and Bitcoin Strategy ETF	5.26%	30,175	12.88
UNG	United States Natural Gas Fund LP	4.67%	48,738,231	1,143.08

Top 10 YTD Performers

Ticker	Name	YTD Performance	Weekly Performance	AUM ($, mm)
WGMI	Valkyrie Bitcoin Miners ETF	180.09%	3.90%	11.85
DAPP	VanEck Digital Transformation ETF	136.70%	3.27%	39.41
BKCH	Global X Blockchain ETF	121.35%		77.76
BITQ	Bitwise Crypto Industry Innovators ETF	121.24%	2.04%	80.68
SATO	Invesco Alerian Galaxy Crypto Economy ETF	116.24%	4.00%	4.22
BITS	Global X Blockchain and Bitcoin Strategy ETF	99.09%	5.26%	12.88
IBLC	iShares Blockchain and Tech ETF	87.77%	0.16%	7.35
BITO	ProShares Bitcoin Strategy ETF	79.57%	7.54%	1,034.80
XBTF	VanEck Bitcoin Strategy ETF	78.69%	7.43%	45.05
BTF	Valkyrie Bitcoin Strategy ETF	77.20%	7.65%	29.87

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.

Sumit Roy

| Contact: [email protected]

Sumit Roy is the senior ETF analyst for etf.com, where he's worked for 12 years. Before joining the company, Roy was the managing editor and commodities analyst for Hard Assets Investor. He lives in the San Francisco Bay Area, where he enjoys climbing the city’s steep hills, playing pickleball and snowboarding.

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ETF Outflows Totaled Nearly $10B Last Week

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