Bitcoin ETF Adds To $23B Weekly Gain

October 22, 2021

The ProShares Bitcoin Strategy ETF (BITO) garnered immense attention and more than $1 billion in assets as the first-ever bitcoin-linked exchange-traded product in the U.S. on its launch Tuesday.

But the week’s most remarkable ETF was the oldest one of them all.

U.S.-listed ETFs gained $22.6 billion in assets in the period between Oct. 15 and Oct. 22, according to data from ETF.com data provider FactSet. The industry has gained just under $692.2 billion in assets year-to-date, and currently has $6.9 trillion in assets under management.

S&P 500 Powers Gains

A slew of corporate earnings beats powered the major indexes to fresh highs on Thursday. The S&P 500 rose to a record-high close of 4,549 points, while the Dow Jones Industrial Average reached an intraday record of 37,562 points.

The SPDR S&P 500 ETF Trust (SPY) was the main beneficiary from the optimism, pulling in just under $3.2 billion in new assets and thoroughly outperforming the second-place BITO, which finished the period with $1.2 billion in inflows.

Other broad U.S. equity ETFs rounded out the top 10 gainers on the week. The Vanguard Total Stock Market ETF (VTI) pulled in just over $1 billion, while the Vanguard S&P 500 ETF (VOO) and the iShares Core S&P 500 ETF (IVV) gained $723 million and $720 million, respectively.

The optimism in broad markets wasn’t spread evenly. The iShares Russell 2000 Value ETF (IWN) took the second-largest outflow on the week with $741 million pulled, while the SPDR Dow Jones Industrial Average ETF Trust (DIA) lost $335 million.

Mixed Bag On Sectors …

The Financial Select Sector SPDR Fund (XLF) gained almost $1.2 billion on the week as the prospect of a Fed rate hike next year continues to add optimism to an industry that’s outperformed earnings expectations.

However, the Health Care Select Sector SPDR Fund (XLV) and the Utilities Select Sector SPDR Fund (XLU) saw outflows of $396 million and $362 million, respectively. XLU likely saw some outflows because inflation is driving yield-focused investors to other sectors, despite continued upward pressure on oil and natural gas around the world.

The First Trust Capital Strength ETF (FTCS) posted an outflow of $1.36 billion on the week, but that is due to a heartbeat trade that began last Thursday.

... And In Fixed Income

Four fixed-income ETFs gained a combined $3.56 billion on the week, while three other bond funds contributed a net outflow of $1.34 billion from the asset class.

The iShares iBoxx USD High Yield Corporate Bond ETF (HYG) led fixed income fund gainers with $1.04 billion, while the iShares iBoxx USD Investment Grade Corporate Bond ETF (LQD), the SPDR Bloomberg Barclays High Yield Bond ETF (JNK) and the Vanguard Intermediate-Term Treasury Index ETF (VGIT) gained $985 million, $804 million and $742 million, respectively.

The iShares 3-7 Year Treasury Bond ETF (IEI) saw outflows of $531 million, likely due to increasing fears about inflation caused by continued pandemic disruptions. The Vanguard Intermediate-Term Corporate Bond ETF (VCIT) also $458 million, while the iShares 20+ Year Treasury Bond ETF (TLT) decreased by just under $352 million.

 

For a full list of this week’s top inflows and outflows, 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 3,158.43 407,887.61 0.77%
BITO ProShares Bitcoin Strategy ETF 1,203.46 1,283.57 93.76%
XLF Financial Select Sector SPDR Fund 1,179.46 45,774.60 2.58%
HYG iShares iBoxx USD High Yield Corporate Bond ETF 1,035.96 20,131.23 5.15%
VTI Vanguard Total Stock Market ETF 1,033.97 279,038.98 0.37%
LQD iShares iBoxx USD Investment Grade Corporate Bond ETF 985.21 39,321.80 2.51%
JNK SPDR Bloomberg Barclays High Yield Bond ETF 804.86 8,713.61 9.24%
VGIT Vanguard Intermediate-Term Treasury Index ETF 742.97 9,034.13 8.22%
VOO Vanguard S&P 500 ETF 723.23 262,175.56 0.28%
IVV iShares Core S&P 500 ETF 720.29 302,734.34 0.24%

 

Top 10 Redemptions (All ETFs)

Ticker Name Net Flows ($,mm) AUM ($, mm) AUM % Change
FTCS First Trust Capital Strength ETF -1,361.11 8,622.06 -15.79%
IWN iShares Russell 2000 Value ETF -741.08 16,198.39 -4.57%
IEI iShares 3-7 Year Treasury Bond ETF -531.83 10,590.29 -5.02%
VCIT Vanguard Intermediate-Term Corporate Bond ETF -458.04 45,347.05 -1.01%
XLV Health Care Select Sector SPDR Fund -396.09 30,324.16 -1.31%
XLU Utilities Select Sector SPDR Fund -362.21 12,247.99 -2.96%
TLT iShares 20+ Year Treasury Bond ETF -351.71 14,796.95 -2.38%
TQQQ ProShares UltraPro QQQ -336.28 17,377.08 -1.94%
DIA SPDR Dow Jones Industrial Average ETF Trust -335.62 29,934.20 -1.12%
IYR iShares U.S. Real Estate ETF -306.78 7,307.54 -4.20%

 

ETF Weekly Flows By Asset Class

  Net Flows ($, mm) AUM ($, mm) % of AUM
U.S. Equity 12,250.93 4,101,366.70 0.30%
International Equity 3,443.95 1,322,631.46 0.26%
U.S. Fixed Income 5,511.45 1,087,466.94 0.51%
International Fixed Income 257.51 148,425.03 0.17%
Commodities -497.28 139,313.05 -0.36%
Currency 1,174.63 3,240.77 36.25%
Leveraged -73.94 70,328.55 -0.11%
Inverse 265.58 12,733.34 2.09%
Asset Allocation 70.84 18,980.51 0.37%
Alternatives 173.51 7,053.58 2.46%
Total: 22,577.19 6,911,539.93 0.33%

 

Asset Classes (Year-to-Date)

  Net Flows ($, mm) AUM ($, mm) % of AUM
U.S. Equity 329,633.80 4,101,366.70 8.04%
International Equity 179,807.00 1,322,631.46 13.59%
U.S. Fixed Income 138,719.71 1,087,466.94 12.76%
International Fixed Income 28,917.01 148,425.03 19.48%
Commodities -3,920.69 139,313.05 -2.81%
Currency 1,285.49 3,240.77 39.67%
Leveraged 4,187.02 70,328.55 5.95%
Inverse 6,085.70 12,733.34 47.79%
Asset Allocation 4,352.49 18,980.51 22.93%
Alternatives 3,110.11 7,053.58 44.09%
Total: 692,177.65 6,911,539.93 10.01%

 

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

Ticker Name Weekly Performance Weekly Volume AUM ($, mm)
BKCH Global X Blockchain ETF 10.11% 669,226 71.20
URNM North Shore Global Uranium Mining ETF 8.74% 1,637,373 920.68
URA Global X Uranium ETF 7.59% 9,911,493 1,412.33
DAPP VanEck Digital Transformation ETF 7.56% 258,569 60.13
BITQ Bitwise Crypto Industry Innovators ETF 7.45% 594,927 93.55
SATO Invesco Alerian Galaxy Crypto Economy ETF 6.57% 104,692 8.56
KWEB KraneShares CSI China Internet ETF 6.03% 62,538,607 9,062.11
RIGZ Viridi Cleaner Energy Crypto-Mining & Semiconductor ETF 5.90% 91,332 12.53
JJN iPath Series B Bloomberg Nickel Subindex Total Return ETN 5.77% 50,140 27.57
BDRY Breakwave Dry Bulk Shipping ETF 5.69% 1,570,917 105.46

 

Top 10 YTD Performers

Ticker Name YTD Performance Weekly Performance AUM ($, mm)
BDRY Breakwave Dry Bulk Shipping ETF 384.55% 5.69% 105.46
URNM North Shore Global Uranium Mining ETF 129.49% 8.74% 920.68
FCG First Trust Natural Gas ETF 115.10% 2.68% 530.59
JJT iPath Series B Bloomberg Tin Subindex Total Return ETN 113.34% 2.73% 18.71
PXE Invesco Dynamic Energy Exploration & Production ETF 112.11% 3.30% 132.50
UNG United States Natural Gas Fund LP 97.50% -3.56% 474.58
PXI Invesco DWA Energy Momentum ETF 93.93% 1.86% 97.43
URA Global X Uranium ETF 93.38% 7.59% 1,412.33
GAZ iPath Series B Bloomberg Natural Gas Subindex Total Return ETN 92.82% -2.51% 15.10
PSCE Invesco S&P SmallCap Energy ETF 91.37% 2.44% 144.22

 

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.

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