Investors Flocked to SPY, Fled IBIT and FBTC last week
U.S.-listed ETF inflows totaled nearly $50 billion for the week ending Feb. 28, 2025.
Investors poured money into U.S.-listed exchange-traded funds (ETFs) in the final week of February, with $49.8 billion in net inflows as the S&P 500 hit a record high mid-month.
U.S. equity ETFs dominated, pulling in $32.1 billion, while U.S. fixed-income funds added $11.6 billion. International equity ETFs brought in $4.8 billion, and commodities ETFs gained $1.7 billion.
The SPDR S&P 500 ETF (SPY) led inflows with $15.3 billion, cementing its position as the largest ETF. The Vanguard S&P 500 ETF (VOO) followed with $3.3 billion, continuing its strong year-to-date performance. Investors also flocked to the iShares Core S&P 500 ETF (IVV) and the iShares S&P 500 Value ETF (IVE), each gathering around $2 billion.
On the outflows side, the iShares 20+ Year Treasury Bond ETF (TLT) lost $2.1 billion, reflecting investor caution toward long-duration bonds. Small-caps struggled, with iShares Russell 2000 ETF (IWM) shedding $1.6 billion. Bitcoin ETFs also took a hit—the iShares Bitcoin Trust (IBIT) and Fidelity Wise Origin Bitcoin Fund (FBTC) saw a combined $1.7 billion in outflows as crypto markets sold off hard.
For a full list of the top ETF inflows and outflows last week, see the tables below:
Top 10 Creations (All ETFs)
| Ticker | Name | Net Flows ($, mm) | AUM ($, mm) | AUM % Change< |
| SPY | SPDR S&P 500 ETF Trust | 15,285.96 | 624,130.08 | 2.45 |
| VOO | Vanguard S&P 500 ETF | 3,289.49 | 610,814.36 | 0.54 |
| TLH | iShares 10-20 Year Treasury Bond ETF | 2,278.41 | 9,537.61 | 23.89 |
| IVV | iShares Core S&P 500 ETF | 2,035.48 | 584,735.46 | 0.35 |
| IVE | iShares S&P 500 Value ETF | 2,003.76 | 37,373.21 | 5.36 |
| OEF | iShares S&P 100 ETF | 1,881.26 | 16,748.41 | 11.23 |
| DIA | SPDR Dow Jones Industrial Average ETF Trust | 1,498.01 | 38,401.89 | 3.90 |
| IEMG | iShares Core MSCI Emerging Markets ETF | 1,150.64 | 82,608.35 | 1.39 |
| IAU | iShares Gold Trust | 1,118.72 | 38,087.33 | 2.94 |
| QUAL | iShares MSCI USA Quality Factor ETF | 1,100.04 | 50,807.32 | 2.17 |
Top 10 Redemptions (All ETFs)
| Ticker | Name | Net Flows ($, mm) | AUM ($, mm) | AUM % Change |
| TLT | iShares 20+ Year Treasury Bond ETF | -2,076.61 | 52,620.64 | -3.95 |
| IWM | iShares Russell 2000 ETF | -1,552.32 | 66,656.88 | -2.33 |
| FDVV | Fidelity High Dividend ETF | -1,030.80 | 4,825.74 | -21.36 |
| IBIT | iShares Bitcoin Trust ETF | -908.40 | 47,882.45 | -1.90 |
| QLD | ProShares Ultra QQQ | -812.59 | 6,442.72 | -12.61 |
| FBTC | Fidelity Wise Origin Bitcoin Fund | -757.02 | 16,476.52 | -4.59 |
| IFRA | iShares U.S. Infrastructure ETF | -692.41 | 2,484.55 | -27.87 |
| IAI | iShares U.S. Broker-Dealers & Securities Exchanges ETF | -684.90 | 1,532.16 | -44.70 |
| KRE | SPDR S&P Regional Banking ETF | -532.76 | 4,057.19 | -13.13 |
| SOXS | Direxion Daily Semiconductor Bear 3x Shares | -479.10 | 583.99 | -82.04 |
ETF Weekly Flows By Asset Class
| Net Flows ($, mm) | AUM ($, mm) | % of AUM | |
| Alternatives | -63.44 | 9,909.99 | -0.64% |
| Asset Allocation | 211.77 | 23,284.30 | 0.91% |
| Commodities ETFs | 1,718.07 | 177,246.11 | 0.97% |
| Currency | -2,956.40 | 108,107.22 | -2.73% |
| International Equity | 4,828.00 | 1,621,770.08 | 0.30% |
| International Fixed Income | 1,911.68 | 279,661.65 | 0.68% |
| Inverse | -1,154.16 | 12,794.16 | -9.02% |
| Leveraged | 1,493.97 | 120,956.58 | 1.24% |
| US Equity | 32,138.31 | 6,770,607.41 | 0.47% |
| US Fixed Income | 11,635.30 | 1,626,459.85 | 0.72% |
| Total: | 49,763.09 | 10,750,797.34 | 0.46% |
Disclaimer: All data as of 6 a.m. ET the date the article is published. Data are believed to be accurate; however, transient market data are often subject to subsequent revision and correction by the exchanges.
