SOXL Led Inflows, BBEU Topped Outflows Last Week
Investors favored leveraged chip funds, pulling back from European equity exposure last week.
The Direxion Daily Semiconductor Bull 3X Shares (SOXL) led inflows last week, pulling in $1.2 billion, possibly indicating that bullish investors were seeking to take advantage and buy during last week's tech rout.
While SOXL had the largest percentage of inflows, the SPDR S&P 500 ETF Trust (SPY) maintained its position as the largest ETF by assets. SPY saw inflows of $9.9 billion for the week, adding to its nearly $562 billion in assets under management.
On the outflows side, the JPMorgan BetaBuilders Europe ETF (BBEU) experienced the most outflows at $916.7 million. The fund provides exposure to developed European equity markets.
U.S. fixed income ETFs, on the other hand, attracted over $9.3 billion in inflows. Commodities ETFs also saw positive flows, bringing in $896.6 million.
Leveraged ETFs as a category saw over $2.4 billion in inflows, bolstered by SOXL’s strong performance.
Top 10 Creations (All ETFs)
| Ticker | Name | Net Flows ($, mm) | AUM ($, mm) | AUM % Change< |
| SPY | SPDR S&P 500 ETF Trust | 9,883.87 | 561,608.85 | 1.76 |
| IWM | iShares Russell 2000 ETF | 3,972.70 | 69,986.41 | 5.68 |
| VOO | Vanguard 500 Index Fund | 3,865.02 | 487,204.52 | 0.79 |
| SOXL | Direxion Daily Semiconductor Bull 3X Shares | 1,242.51 | 11,053.38 | 11.24 |
| USHY | iShares Broad USD High Yield Corporate Bond ETF | 1,221.10 | 14,758.11 | 8.27 |
| RSP | Invesco S&P 500 Equal Weight ETF | 1,134.57 | 58,396.22 | 1.94 |
| LQD | iShares iBoxx USD Investment Grade Corporate Bond ETF | 948.16 | 32,484.52 | 2.92 |
| XLI | Industrial Select Sector SPDR Fund | 932.03 | 19,820.06 | 4.70 |
| AGG | iShares Core U.S. Aggregate Bond ETF | 893.77 | 111,358.71 | 0.80 |
| XLF | Financial Select Sector SPDR Fund | 883.94 | 42,721.76 | 2.07 |
Top 10 Redemptions (All ETFs)
| Ticker | Name | Net Flows ($, mm) | AUM ($, mm) | AUM % Change |
| BBEU | JPMorgan BetaBuilders Europe ETF | -916.71 | 7,189.06 | -12.75 |
| BBCA | JPMorgan BetaBuilders Canada ETF | -656.22 | 6,710.36 | -9.78 |
| HYG | iShares iBoxx USD High Yield Corporate Bond ETF | -359.79 | 17,349.13 | -2.07 |
| IVW | iShares S&P 500 Growth ETF | -311.39 | 52,645.59 | -0.59 |
| ACWI | iShares MSCI ACWI ETF | -299.62 | 18,864.52 | -1.59 |
| IEUR | iShares Core MSCI Europe ETF | -247.75 | 4,698.24 | -5.27 |
| TLT | iShares 20+ Year Treasury Bond ETF | -235.76 | 56,475.91 | -0.42 |
| IWB | iShares Russell 1000 ETF | -228.71 | 36,331.16 | -0.63 |
| COPX | Global X Copper Miners ETF | -216.93 | 2,324.52 | -9.33 |
| SQQQ | ProShares UltraPro Short QQQ | -175.36 | 2,613.67 | -6.71 |
ETF Weekly Flows By Asset Class
| Net Flows ($, mm) | AUM ($, mm) | % of AUM | |
| Alternatives | 47.55 | 8,292.65 | 0.57% |
| Asset Allocation | -27.21 | 19,008.51 | -0.14% |
| Commodities | 896.62 | 149,600.07 | 0.60% |
| Currency | 1,043.55 | 61,097.71 | 1.71% |
| International Equity | -821.50 | 1,539,238.53 | -0.05% |
| International Fixed Income | 1,941.39 | 204,107.47 | 0.95% |
| Inverse | -222.62 | 13,145.98 | -1.69% |
| Leveraged | 2,432.30 | 111,329.14 | 2.18% |
| U.S. Equity | 34,807.18 | 5,922,799.51 | 0.59% |
| U.S. Fixed Income | 9,343.41 | 1,460,046.64 | 0.64% |
| Total: | 49,440.67 | 9,488,666.22 | 0.52% |
Asset Classes (Year-to-Date)
| Net Flows ($, mm) | AUM ($, mm) | % of AUM | |
| Alternatives | 1,157.42 | 7,931.00 | 14.59% |
| Asset Allocation | 717.68 | 18,561.24 | 3.87% |
| Commodities | -4,833.02 | 141,439.14 | -3.42% |
| Currency | 14,775.18 | 56,973.19 | 25.93% |
| International Equity | 56,003.64 | 1,499,474.09 | 3.73% |
| International Fixed Income | 28,858.72 | 198,197.40 | 14.56% |
| Inverse | 633.13 | 12,987.45 | 4.87% |
| Leveraged | -3,924.61 | 107,093.01 | -3.66% |
| U.S. Equity | 223,239.35 | 5,749,763.98 | 3.88% |
| U.S. Fixed Income | 89,689.93 | 1,430,299.26 | 6.27% |
| Total: | 406,317.43 | 9,222,719.75 | 4.41% |
Top 10 Volume Surprises, Funds >$50 mm AUM
| Ticker | Name | Average Volume (30 Day) | 1 Week Average Volume | % of Average |
| GJUL | FT Vest U.S. Equity Moderate Buffer ETF - July | 72,140 | 886,418.00 | 1,228.75%% |
| VSMV | VictoryShares U.S. Multi-Factor Minimum Volatility ETF | 6,796 | 75,965.00 | 1,117.75%% |
| JPXN | iShares JPX-Nikkei 400 ETF | 5,920 | 58,050.00 | 980.51%% |
| FLAU | Franklin FTSE Australia ETF | 5,301 | 48,521.00 | 915.25%% |
| FDEM | Fidelity Emerging Markets Multifactor ETF | 26,016 | 231,769.00 | 890.86%% |
| HSUN | Hartford Sustainable Income ETF | 1,129 | 10,013.00 | 886.98%% |
| BBAG | JPMorgan BetaBuilders U.S. Aggregate Bond ETF | 135,487 | 968,162.00 | 714.58%% |
| AOK | iShares Core Conservative Allocation ETF | 85,227 | 566,057.00 | 664.18%% |
| BBHY | JPMorgan BetaBuilders USD High Yield Corporate Bond ETF | 139,586 | 885,078.00 | 634.07%% |
| UEVM | VictoryShares Emerging Markets Value Momentum ETF | 2,668 | 16,302.00 | 610.98%% |
Top 10 Weekly Performers, Excluding Leverage/Inverse Funds and <1,000 Shares Traded
| Ticker | Name | Weekly Performance | Weekly Volume | AUM ($, mm) |
| BITO | ProShares Bitcoin Strategy ETF | 10.05% | 49,986,654 | 1,952.73 |
| BETH | ProShares Bitcoin & Ether Market Cap Weight Strategy ETF | 9.80% | 12,190 | 7.72 |
| BETE | ProShares Bitcoin & Ether Equal Weight Strategy ETF | 9.65% | 12,534 | 4.87 |
| EETH | ProShares Ether Strategy ETF | 9.19% | 890,860 | 113.06 |
| VXX | iPath Series B S&P 500 VIX Short Term Futures ETN | 7.46% | 96,178,562 | 363.26 |
| YBTC | Roundhill Bitcoin Covered Call Strategy ETF | 6.11% | 118,552 | 34.96 |
| ARKA | ARK 21Shares Active Bitcoin Futures Strategy ETF | 5.98% | 5,918 | 14.81 |
| BTCO | Invesco Galaxy Bitcoin ETF | 5.96% | 1,650,369 | 487.39 |
| GBTC | Grayscale Bitcoin Trust ETF | 5.95% | 21,367,913 | 17,263.64 |
| BTOP | Bitwise Bitcoin and Ether Equal Weight Strategy ETF | 5.92% | 35,341 | 9.56 |
Top 10 YTD Performers
| Ticker | Name | YTD Performance | Weekly Performance | AUM ($, mm) |
| NVDY | YieldMax NVDA Option Income Strategy ETF | 94.57% | -7.31% | 905.00 |
| GBTC | Grayscale Bitcoin Trust ETF | 62.91% | 5.95% | 17,263.64 |
| CRPT | First Trust SkyBridge Crypto Industry and Digital Economy ETF | 48.40% | 1.76% | 63.50 |
| SMH | VanEck Semiconductor ETF | 46.13% | -9.36% | 22,319.18 |
| BTF | Valkyrie Bitcoin and Ether Strategy ETF | 44.25% | 4.68% | 48.24 |
| ARKA | ARK 21Shares Active Bitcoin Futures Strategy ETF | 43.63% | 5.98% | 14.81 |
| BITO | ProShares Bitcoin Strategy ETF | 43.51% | 10.05% | 1,952.73 |
| DEFI | Hashdex Bitcoin ETF | 43.35% | 11.61 | |
| BITC | Bitwise Bitcoin Strategy Optimum Roll ETF | 43.16% | 10.71 | |
| MAXI | Simplify Bitcoin Strategy PLUS Income ETF | 43.06% | 4.99% | 20.32 |
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.
