Note: Flow data is reported after close on a T+1 basis. The flows in this report reflect create/redeem activity from Friday, September 26, 2025.
Market Flow Summary
The U.S. ETF market saw total net inflows of +$5.27B. The top issuer by inflow was iShares, which brought in +$2.47B. The leading individual fund was the iShares Core S&P 500 ETF (IVV), attracting +$1.99B. On the other side, Vanguard experienced the largest outflows among issuers with -$1.23B, and the SPDR S&P 500 ETF Trust (SPY) saw the largest single-fund redemption of -$2.45B. The most notable high-velocity brand was SMI Funds, which saw inflows of +$153M, representing a +19.40% increase in AUM.
Flow Summary by Asset Class
Fixed Income led all asset classes with +$3.59B in daily flows, followed by Commodity products which attracted +$1.15B. On a year-to-date basis, Equity continues to lead all asset classes with +$482.69B in total inflows.
| Asset Class | 1D Flow | 1M Flow | YTD Flow |
|---|---|---|---|
| Fixed Income | +$3.59B | +$37.31B | +$296.86B |
| Commodity | +$1.15B | +$10.26B | +$38.63B |
| Equity | +$584M | +$76.68B | +$482.69B |
| Non-Traditional | +$468M | +$1.53B | +$50.24B |
| Multi-Asset | +$77M | +$688M | +$4.10B |
| Alternative | +$18M | +$426M | +$3.70B |
| Currency | -$6M | -$38M | +$505M |
| Digital Asset | -$620M | +$2.40B | +$33.91B |
Top/Bottom Five Category Flows
At the category level, Precious Metals commodities saw the most significant inflows, while U.S. Large Cap Blend equities experienced the largest redemptions.
Top 5 Category Inflows
| Category | 1D Flow |
|---|---|
| Commodity: Focused – Precious Metals | +$1.14B |
| Non-Traditional: Leverage | Inverse – Single Stock | +$478M |
| Fixed Income: Taxable – Government Short | +$441M |
| Fixed Income: Taxable – Government Intermediate | +$409M |
| Equity: Thematic – Multi-Sector | +$400M |
Bottom 5 Category Outflows
| Category | 1D Flow |
|---|---|
| Equity: U.S. Large Cap – Blend | -$1.46B |
| Equity: Sector – Financials | -$414M |
| Digital Asset: Cryptocurrency – Bitcoin | -$392M |
| Digital Asset: Cryptocurrency – Ethereum | -$241M |
| Fixed Income: Taxable – Corporate | -$174M |
ETF Issuer Flow Analysis
iShares led all issuers with net inflows of +$2.47B (+0.07% of AUM). Vanguard saw the largest net outflow at -$1.23B (-0.03% of AUM). SMI Funds was the top high-velocity brand, with inflows representing +19.40% of its AUM.
Top 5 Brands by Inflows
| Issuer | Aggregate AUM | 1D Flow | 1D Flow as % of AUM |
|---|---|---|---|
| iShares | $3.79T | +$2.47B | +0.07% |
| Schwab | $473.10B | +$1.19B | +0.25% |
| Invesco | $762.58B | +$869M | +0.11% |
| JPMorgan | $248.82B | +$651M | +0.26% |
| ARK | $14.91B | +$374M | +2.57% |
Bottom 5 Brands by Outflows
| Issuer | Aggregate AUM | 1D Flow | 1D Flow as % of AUM |
|---|---|---|---|
| Vanguard | $3.63T | -$1.23B | -0.03% |
| SPDR | $1.72T | -$491M | -0.03% |
| Fidelity | $141.75B | -$240M | -0.17% |
| Avantis | $82.24B | -$155M | -0.19% |
| Pacer | $39.59B | -$84M | -0.21% |
High-Velocity Brands
| Issuer | Aggregate AUM | 1D Flow | 1D Flow as % of AUM |
|---|---|---|---|
| SMI Funds | $941M | +$153M | +19.40% |
| Tradr | $1.75B | +$118M | +7.24% |
Significant Single-Fund Movements
The iShares Core S&P 500 ETF (IVV) led individual funds with inflows of +$1.99B, while the SPDR S&P 500 ETF Trust (SPY) saw the largest redemptions, totaling -$2.45B.
Largest Absolute Daily Flows (Net Flows > $250M)
| Fund (Ticker) | AUM | 1D Flow | 1D Flow as % of AUM |
|---|---|---|---|
| Inflows | |||
| iShares Core S&P 500 ETF (IVV) | $698.00B | +$1.99B | +0.29% |
| SPDR Portfolio S&P 500 ETF (SPLG) | $86.30B | +$1.00B | +1.18% |
| SPDR Gold Shares (GLD) | $122.59B | +$729M | +0.60% |
| Schwab Short-Term US Treasury ETF (SCHO) | $11.67B | +$417M | +3.70% |
| ARK Innovation ETF (ARKK) | $7.82B | +$407M | +5.49% |
| Schwab Intermediate-Term US Treasury ETF (SCHR) | $11.91B | +$396M | +3.44% |
| Invesco Dorsey Wright Momentum ETF (PDP) | $1.62B | +$296M | +22.32% |
| Outflows | |||
| SPDR S&P 500 ETF Trust (SPY) | $666.04B | -$2.45B | -0.37% |
| Vanguard S&P 500 ETF (VOO) | $758.18B | -$2.17B | -0.28% |
| Financial Select Sector SPDR Fund (XLF) | $52.84B | -$380M | -0.71% |
| Fidelity Wise Origin Bitcoin Fund (FBTC) | $21.95B | -$300M | -1.35% |
High-Velocity Inflows (AUM > $100M, 1D Flow > +5% of AUM)
| Fund (Ticker) | AUM | 1D Flow | 1D Flow as % of AUM |
|---|---|---|---|
| Tradr 2X Long Innovation 100 Monthly ETF (MQQQ) | $152M | +$90M | +146.98% |
| JPMorgan International Growth ETF (JIG) | $274M | +$106M | +62.64% |
| Invesco Dorsey Wright Technology Momentum ETF (PTF) | $498M | +$114M | +29.54% |
| SMI 3Fourteen Full-Cycle Trend ETF (FCTE) | $403M | +$90M | +28.92% |
| Invesco Dorsey Wright SmallCap Momentum ETF (DWAS) | $881M | +$180M | +25.65% |
| Invesco Dorsey Wright Industrials Momentum ETF (PRN) | $466M | +$90M | +23.98% |
| Invesco Dorsey Wright Momentum ETF (PDP) | $1.62B | +$296M | +22.32% |
| JPMorgan International Value ETF (JIVE) | $748M | +$120M | +19.05% |
| Global X SuperIncome Preferred ETF (SPFF) | $159M | +$24M | +17.32% |
| GraniteShares 2x Long COIN Daily ETF (CONL) | $925M | +$136M | +17.25% |
High-Velocity Outflows (AUM > $100M, 1D Flow > -5% of AUM)
| Fund (Ticker) | AUM | 1D Flow | 1D Flow as % of AUM |
|---|---|---|---|
| 3EDGE Dynamic Hard Assets ETF (EDGH) | $144M | -$69M | -32.30% |
| Dana Unconstrained Equity ETF (DUNK) | $124M | -$27M | -18.03% |
| Defiance Daily Target 2x Short IONQ ETF (IONZ) | $114M | -$17M | -12.71% |
| ProShares Ultra Bloomberg Natural Gas (BOIL) | $536M | -$32M | -5.63% |
| PIMCO Broad U.S. TIPS Index ETF (TIPZ) | $101M | -$5M | -5.05% |
Custom Analysis and Daily Data
This daily snapshot is just the beginning. Our full suite of tools allows for deep, customizable analysis of the entire ETF landscape. Institutional clients can track real-time flows, screen for specific fund characteristics, and analyze historical trends to gain a competitive edge. To explore our comprehensive data and analytics platform, please contact our sales team for a personalized demonstration.
Large Flow Activity Note: Daily create/redeem activity is a normal function of the ETF market. Large flows often reflect rebalancing activity by a single large institution and are not necessarily indicative of broad market sentiment.
Disclosures
This report is for informational purposes only and does not constitute investment advice or a recommendation to buy or sell any security. ETF Action is not a registered investment advisor.
All data is sourced from proprietary and third-party sources believed to be reliable, but its accuracy and completeness are not guaranteed. Past performance is not indicative of future results.
