VOO Tops ETF Inflows, Closes in on SPY's AUM Crown
ETFs registered $17 billion in inflows last week, led by Vanguard's S&P 500 ETF as it marches toward toppling SPY.
Nearly $17 billion flowed into U.S.-listed ETFs last week as the stock market hit new record highs. Of that total, $9.1 billion went into U.S. equity ETFs, $4.2 billion went into U.S. fixed income ETFs, and $1.4 billion went into each of international equity and fixed income ETFs.
Year-to-date inflows for all U.S.-listed exchange-traded funds now stand at $73 billion.
The S&P 500 closed at 6,118 Thursday, a fresh record high surpassing the previous all-time high of 6,090 from December.
The Vanguard S&P 500 ETF (VOO) was the biggest asset gatherer last week, with inflows of $4.2 billion. The fund continued to narrow the asset gap with the SPDR S&P 500 ETF Trust (SPY), which had outflows of $5.3 billion in the period.
VOO Closing in On SPY
Now, just $14 billion separates the $637 billion SPY from the $623 billion VOO.
Taking the number two spot on the weekly inflows list was the Invesco QQQ Trust (QQQ), with inflows of $2.2 billion. Unlike the S&P 500, the Nasdaq-100—the index that QQQ tracks—fell 1% short of making a new high last week.
In addition to broad stock market ETFs, investors bought up bitcoin, semiconductor, and industrials ETFs last week.
The iShares Bitcoin Trust ETF (IBIT) had inflows of $1.4 billion in the period. The price of bitcoin flirted with record highs near $107,000 as President Trump ordered his administration to look into creating a strategic digital asset reserve.
As for semiconductor performance, the VanEck Semiconductor ETF (SMH) garnered inflows of $873 million as Trump announced the Stargate project, a $500 billion AI infrastructure venture, with the CEOs of Oracle, OpenAI, and SoftBank.
However, while semiconductor stocks surged last week on the news, they fell significantly on Monday amid concerns about China’s DeepSeek AI models and what they mean for the demand for AI chips.
On the industrials side, meanwhile, the Industrials Select Sector SPDR Fund (XLI) gathered inflows of $469 million last week.
For a full list of the top inflows and outflows last week, see the tables below:
Top 10 Creations (All ETFs)
| Ticker | Name | Net Flows ($, mm) | AUM ($, mm) | AUM % Change< |
| VOO | Vanguard S&P 500 ETF | 4,221.62 | 622,565.66 | 0.68 |
| QQQ | Invesco QQQ Trust Series I | 2,248.72 | 332,956.11 | 0.68 |
| IBIT | iShares Bitcoin Trust ETF | 1,382.05 | 59,778.63 | 2.31 |
| SPLG | SPDR Portfolio S&P 500 ETF | 924.40 | 57,614.32 | 1.60 |
| SMH | VanEck Semiconductor ETF | 873.78 | 26,226.04 | 3.33 |
| QLD | ProShares Ultra QQQ | 824.17 | 8,230.28 | 10.01 |
| VTI | Vanguard Total Stock Market ETF | 551.80 | 477,032.35 | 0.12 |
| XLI | Industrial Select Sector SPDR Fund | 468.89 | 22,074.36 | 2.12 |
| DIA | SPDR Dow Jones Industrial Average ETF Trust | 411.93 | 38,562.09 | 1.07 |
| LQD | iShares iBoxx $ Investment Grade Corporate Bond ETF | 406.46 | 29,549.77 | 1.38 |
Top 10 Redemptions (All ETFs)
| Ticker | Name | Net Flows ($, mm) | AUM ($, mm) | AUM % Change |
| SPY | SPDR S&P 500 ETF Trust | -5,248.66 | 637,366.12 | -0.82 |
| IVV | iShares Core S&P 500 ETF | -2,214.86 | 610,210.48 | -0.36 |
| GLD | SPDR Gold Shares | -1,640.27 | 75,874.60 | -2.16 |
| HYG | iShares iBoxx $ High Yield Corporate Bond ETF | -1,184.09 | 14,624.72 | -8.10 |
| SOXL | Direxion Daily Semiconductor Bull 3x Shares | -943.96 | 10,274.20 | -9.19 |
| IWD | iShares Russell 1000 Value ETF | -859.39 | 63,316.18 | -1.36 |
| XLE | Energy Select Sector SPDR Fund | -852.69 | 34,585.79 | -2.47 |
| SPHQ | Invesco S&P 500 Quality ETF | -730.07 | 11,633.02 | -6.28 |
| VT | Vanguard Total World Stock ETF | -507.26 | 43,145.30 | -1.18 |
| RPV | Invesco S&P 500 Pure Value ETF | -497.62 | 1,582.31 | -31.45 |
ETF Weekly Flows By Asset Class
| Net Flows ($, mm) | AUM ($, mm) | % of AUM | |
| Alternatives | 241.38 | 9,454.12 | 2.55% |
| Asset Allocation | -89.55 | 22,317.97 | -0.40% |
| Commodities ETFs | -2,486.13 | 166,210.98 | -1.50% |
| Currency | 2,539.64 | 138,684.90 | 1.83% |
| International Equity | 1,401.38 | 1,586,675.78 | 0.09% |
| International Fixed Income | 1,464.03 | 263,355.24 | 0.56% |
| Inverse | 536.10 | 11,776.32 | 4.55% |
| Leveraged | 22.68 | 135,937.37 | 0.02% |
| U.S. Equity | 9,110.17 | 6,911,080.52 | 0.13% |
| U.S. Fixed Income | 4,205.75 | 1,558,458.74 | 0.27% |
| Total: | 16,945.45 | 10,803,951.94 | 0.16% |
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.
