Note: Flow data is reported after close on a T+1 basis. The flows in this report reflect create/redeem activity from Friday, October 10, 2025.
Market Flow Summary
The U.S. ETF market saw total net inflows of +$3.45B. Vanguard led issuers with +$1.99B in net inflows, driven by significant activity in its core funds. The top individual fund for the day was SPDR S&P 500 ETF Trust (SPY), which attracted +$2.78B. On the other side, Invesco experienced the largest outflows among issuers, shedding -$2.12B, while its Invesco QQQ Trust Series I (QQQ) was the individual fund with the largest outflow of -$2.21B. ERShares stood out as a high-velocity brand, seeing significant inflows relative to its asset base.
Flow Summary by Asset Class
Fixed Income and Equity products led the way in daily inflows, collecting +$1.67B and +$959.57M respectively. On a year-to-date basis, Equity remains the dominant asset class, having accumulated over +$515.13B in net new assets.
| Asset Class | 1D Flow | 1M Flow | YTD Flow |
|---|---|---|---|
| Fixed Income | +$1.67B | +$44.33B | +$323.24B |
| Equity | +$959.57M | +$80.11B | +$515.13B |
| Commodity | +$866.58M | +$11.36B | +$42.57B |
| Non-Traditional | +$136.87M | +$4.82B | +$67.10B |
| Multi-Asset | +$25.82M | +$1.29B | +$4.91B |
| Currency | +$19.52M | -$34.72M | +$496.70M |
| Unspecified | -$2.35M | +$113.00M | +$183.26M |
| Alternative | -$77.46M | +$894.05M | +$4.22B |
| Digital Asset | -$154.60M | +$9.13B | +$41.84B |
Top/Bottom Five Category Flows
U.S. Large Cap Blend Equity funds saw the most significant inflows, while U.S. Large Cap Growth funds experienced the largest redemptions.
Top 5 Category Inflows
| Category | 1D Flow |
|---|---|
| Equity: U.S. Large Cap – Blend | +$3.89B |
| Non-Traditional: Leverage | Inverse – Equity | +$808.08M |
| Commodity: Focused – Precious Metals | +$711.37M |
| Equity: Region – Eurozone | +$613.95M |
| Fixed Income: Taxable – International USD | +$496.15M |
Bottom 5 Category Outflows
| Category | 1D Flow |
|---|---|
| Equity: U.S. Large Cap – Growth | -$1.96B |
| Equity: Sector – Information Technology | -$834.55M |
| Equity: Sector – Financials | -$632.79M |
| Non-Traditional: Leverage | Inverse – Single Stock | -$547.04M |
| Fixed Income: Taxable – Bank Loans | -$536.06M |
ETF Issuer Flow Analysis
Vanguard led all issuers with +$1.99B in net inflows, representing a +0.06% change in its AUM. Invesco saw the largest net outflows at -$2.12B, a -0.28% change in AUM. ERShares was the top high-velocity brand, with inflows representing +16.22% of its AUM.
Top 5 Brands by Inflows
| Issuer | Aggregate AUM | 1D Flow | 1D Flow as % of AUM |
|---|---|---|---|
| Vanguard | $3,606.16B | +$1.99B | +0.06% |
| JPMorgan | $250.04B | +$1.06B | +0.43% |
| SPDR | $1,721.11B | +$842.19M | +0.05% |
| ProShares | $88.65B | +$709.32M | +0.81% |
| Capital Group | $92.33B | +$381.21M | +0.41% |
Bottom 5 Brands by Outflows
| Issuer | Aggregate AUM | 1D Flow | 1D Flow as % of AUM |
|---|---|---|---|
| Invesco | $751.27B | -$2.12B | -0.28% |
| VanEck | $114.37B | -$337.12M | -0.29% |
| Xtrackers | $28.58B | -$252.21M | -0.87% |
| Direxion | $53.01B | -$251.77M | -0.47% |
| GraniteShares | $10.77B | -$121.46M | -1.12% |
High-Velocity Brands
| Issuer | Aggregate AUM | 1D Flow | 1D Flow as % of AUM |
|---|---|---|---|
| ERShares | $511.81M | +$71.42M | +16.22% |
| US Commodity Funds | $2.41B | +$231.51M | +10.61% |
| Bluemonte | $2.02B | +$154.59M | +8.29% |
Significant Single-Fund Movements
SPDR S&P 500 ETF Trust (SPY) gathered the day’s largest inflow at +$2.78B, while Invesco QQQ Trust Series I (QQQ) saw the largest outflow at -$2.21B.
Largest Absolute Daily Flows (Net Flows > $250M)
| Fund (Ticker) | AUM | 1D Flow | 1D Flow as % of AUM |
|---|---|---|---|
| Inflows | |||
| SPDR S&P 500 ETF Trust (SPY) | $664.14B | +$2.78B | +0.42% |
| ProShares UltraPro QQQ (TQQQ) | $26.63B | +$659.50M | +2.54% |
| JPMorgan BetaBuilders Europe ETF (BBEU) | $4.75B | +$613.74M | +14.85% |
| iShares Silver Trust (SLV) | $25.71B | +$506.77M | +2.01% |
| iShares Russell 1000 ETF (IWB) | $42.90B | +$483.81M | +1.14% |
| Vanguard Total International Bond ETF (BNDX) | $71.85B | +$473.52M | +0.66% |
| Vanguard S&P 500 ETF (VOO) | $753.37B | +$366.14M | +0.05% |
| iShares Expanded Tech-Software Sector ETF (IGV) | $10.00B | +$341.86M | +3.54% |
| Vanguard Total World Stock ETF (VT) | $54.31B | +$270.87M | +0.50% |
| SPDR Portfolio S&P 500 ETF (SPLG) | $88.46B | +$261.18M | +0.30% |
| Outflows | |||
| Invesco QQQ Trust Series I (QQQ) | $376.37B | -$2.21B | -0.58% |
| SPDR Dow Jones Industrial Average ETF Trust (DIA) | $39.20B | -$636.74M | -1.60% |
| iShares Semiconductor ETF (SOXX) | $13.80B | -$597.76M | -4.15% |
| VanEck Semiconductor ETF (SMH) | $31.85B | -$568.75M | -1.75% |
| iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD) | $31.40B | -$412.27M | -1.30% |
| Financial Select Sector SPDR Fund (XLF) | $51.62B | -$391.27M | -0.75% |
| iShares 20+ Year Treasury Bond ETF (TLT) | $49.89B | -$325.93M | -0.65% |
| Consumer Staples Select Sector SPDR Fund (XLP) | $15.54B | -$324.21M | -2.04% |
| Invesco Senior Loan ETF (BKLN) | $6.19B | -$304.66M | -4.69% |
| Energy Select Sector SPDR Fund (XLE) | $25.16B | -$268.36M | -1.06% |
High-Velocity Inflows (AUM > $100M, 1D Flow > +5% of AUM)
| Fund (Ticker) | AUM | 1D Flow | 1D Flow as % of AUM |
|---|---|---|---|
| Direxion Daily S&P 500 Bear 1X Shares (SPDN) | $169.53M | +$48.16M | +39.68% |
| Bluemonte Dynamic Total Market ETF (BLUX) | $461.48M | +$102.76M | +28.65% |
| United States Oil Fund LP (USO) | $1.06B | +$166.82M | +18.72% |
| ProShares Short QQQ (PSQ) | $597.50M | +$85.48M | +16.70% |
| ERShares Private-Public Crossover ETF (XOVR) | $511.81M | +$71.42M | +16.22% |
| JPMorgan BetaBuilders Europe ETF (BBEU) | $4.75B | +$613.74M | +14.85% |
| Avantis Responsible International Equity ETF (AVSD) | $298.59M | +$35.13M | +13.33% |
| Invesco DB US Dollar Index Bullish Fund (UUP) | $189.64M | +$19.52M | +11.48% |
| Bluemonte Long Term Bond ETF (BLTD) | $137.06M | +$13.79M | +11.19% |
| Defiance Daily Target 2X Long HIMS ETF (HIMZ) | $138.47M | +$13.44M | +10.75% |
High-Velocity Outflows (AUM > $100M, 1D Flow > -5% of AUM)
| Fund (Ticker) | AUM | 1D Flow | 1D Flow as % of AUM |
|---|---|---|---|
| SPDR S&P Retail ETF (XRT) | $182.12M | -$121.40M | -40.00% |
| Defiance Daily Target 2x Long OKLO ETF (OKLL) | $136.10M | -$35.42M | -20.65% |
| Direxion Daily MU Bull 2X Shares (MUU) | $139.30M | -$33.62M | -19.44% |
| Direxion Daily NVDA Bull 2X Shares (NVDU) | $636.73M | -$131.74M | -17.14% |
| Defiance Daily Target 2x Short IONQ ETF (IONZ) | $146.07M | -$25.16M | -14.69% |
| SPDR Bloomberg Enhanced Roll Yield Commodity Strategy No K-1 ETF (CERY) | $578.30M | -$95.01M | -14.11% |
| ProShares UltraShort Bloomberg Natural Gas (KOLD) | $153.72M | -$22.31M | -12.68% |
| Polen Focus Growth ETF (PCLG) | $109.28M | -$15.13M | -12.16% |
| ProShares UltraShort Bloomberg Crude Oil (SCO) | $105.45M | -$14.37M | -11.99% |
| GraniteShares 2x Short NVDA Daily ETF (NVD) | $153.55M | -$19.35M | -11.19% |
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.
