Note: Flow data is reported after close on a T+1 basis. The flows in this report reflect create/redeem activity from Monday, October 20, 2025.
Market Flow Summary
The U.S. ETF market experienced a total net inflow of +$14.67B. The top issuer by inflow was SPDR, which attracted +$6.04B. The leading individual fund was Vanguard S&P 500 ETF (VOO) with +$2.59B in new assets. On the other side, Direxion saw the largest outflows at -$337.12M, and the individual fund with the largest redemption was Vanguard Short-Term Bond ETF (BSV), shedding -$1.03B. The most notable high-velocity brand was T-Rex, bringing in +$193.89M.
Flow Summary by Asset Class
Equity ETFs led the way with +$9.61B in daily inflows, followed by Fixed Income at +$3.52B. On a year-to-date basis, Equity remains the dominant leader, having accumulated +$546.71B.
| Asset Class | 1D Flow | 1M Flow | YTD Flow |
|---|---|---|---|
| Equity | +$9.61B | +$50.62B | +$546.71B |
| Fixed Income | +$3.52B | +$49.80B | +$335.00B |
| Commodity | +$2.18B | +$14.35B | +$49.34B |
| Multi-Asset | +$110.61M | +$1.35B | +$5.20B |
| Unspecified | +$5.59M | +$375.11M | +$445.37M |
| Currency | +$2.78M | -$33.45M | +$507.49M |
| Alternative | -$21.67M | +$434.74M | +$4.01B |
| Non-Traditional | -$166.17M | +$7.42B | +$69.27B |
| Digital Asset | -$568.89M | +$5.37B | +$40.42B |
Top/Bottom Five Category Flows
U.S. Large Cap Blend Equity funds saw the most significant inflows, while Short-Term Taxable Fixed Income funds experienced the largest redemptions.
Top 5 Category Inflows
| Category | 1D Flow |
|---|---|
| Equity: U.S. Large Cap – Blend | +$5.87B |
| Commodity: Focused – Precious Metals | +$2.12B |
| Equity: U.S. Large Cap – Growth | +$1.53B |
| Equity: U.S. Large Cap – Value | +$1.03B |
| Fixed Income: Taxable – Government Short | +$894.76M |
Bottom 5 Category Outflows
| Category | 1D Flow |
|---|---|
| Fixed Income: Taxable – Short-Term | -$882.18M |
| Equity: U.S. Small Cap – Blend | -$409.54M |
| Digital Asset: Cryptocurrency – Bitcoin | -$361.01M |
| Fixed Income: Taxable – Bank Loans | -$274.69M |
| Digital Asset: Cryptocurrency – Ethereum | -$232.28M |
ETF Issuer Flow Analysis
SPDR led all issuers with +$6.04B in net inflows, representing +0.34% of their AUM. Direxion recorded the largest net outflow of -$337.12M, a -0.59% change in AUM. T-Rex stood out as a high-velocity brand, with inflows of +$193.89M constituting a significant +6.08% of its total AUM.
Top 5 Brands by Inflows
| Issuer | Aggregate AUM | 1D Flow | 1D Flow as % of AUM |
|---|---|---|---|
| SPDR | $1.77T | +$6.04B | +0.34% |
| Vanguard | $3.68T | +$3.67B | +0.10% |
| Invesco | $772.36B | +$1.35B | +0.17% |
| iShares | $3.84T | +$1.03B | +0.03% |
| JPMorgan | $255.94B | +$654.63M | +0.26% |
Bottom 5 Brands by Outflows
| Issuer | Aggregate AUM | 1D Flow | 1D Flow as % of AUM |
|---|---|---|---|
| Direxion | $56.66B | -$337.12M | -0.59% |
| ARK | $15.48B | -$222.92M | -1.42% |
| YieldMax | $16.78B | -$141.80M | -0.84% |
| Xtrackers | $28.22B | -$67.32M | -0.24% |
| Grayscale | $30.36B | -$55.85M | -0.18% |
High-Velocity Brands
| Issuer | Aggregate AUM | 1D Flow | 1D Flow as % of AUM |
|---|---|---|---|
| T-Rex | $3.38B | +$193.89M | +6.08% |
| Neuberger Berman | $2.27B | +$125.24M | +5.83% |
| REX-Osprey | $501.97M | +$26.20M | +5.51% |
Significant Single-Fund Movements
The top fund by inflow was Vanguard S&P 500 ETF (VOO) with +$2.59B, while Vanguard Short-Term Bond ETF (BSV) saw the largest outflow at -$1.03B.
Largest Absolute Daily Flows (Net Flows > $250M)
| Fund (Ticker) | AUM | 1D Flow | 1D Flow as % of AUM |
|---|---|---|---|
| Inflows | |||
| Vanguard S&P 500 ETF (VOO) | $771.94B | +$2.59B | +0.34% |
| SPDR S&P 500 ETF Trust (SPY) | $677.63B | +$2.56B | +0.38% |
| SPDR Gold Shares (GLD) | $143.77B | +$1.56B | +1.09% |
| Invesco QQQ Trust Series I (QQQ) | $391.54B | +$996.36M | +0.26% |
| Vanguard Short-Term Treasury ETF (VGSH) | $24.45B | +$880.56M | +3.74% |
| SPDR Dow Jones Industrial Average ETF Trust (DIA) | $40.75B | +$646.45M | +1.61% |
| iShares 7-10 Year Treasury Bond ETF (IEF) | $39.62B | +$525.63M | +1.34% |
| iShares Silver Trust (SLV) | $27.42B | +$473.72M | +1.76% |
| SPDR Portfolio S&P 500 ETF (SPLG) | $92.14B | +$406.29M | +0.44% |
| SPDR S&P Regional Banking ETF (KRE) | $3.27B | +$398.77M | +13.89% |
| Outflows | |||
| Vanguard Short-Term Bond ETF (BSV) | $38.67B | -$1.03B | -2.59% |
| iShares Russell 2000 ETF (IWM) | $67.99B | -$401.71M | -0.59% |
| iShares iBoxx $ High Yield Corporate Bond ETF (HYG) | $18.68B | -$337.98M | -1.78% |
| iShares Bitcoin Trust ETF (IBIT) | $85.52B | -$268.61M | -0.31% |
High-Velocity Inflows (AUM > $100M, 1D Flow > +5% of AUM)
| Fund (Ticker) | AUM | 1D Flow | 1D Flow as % of AUM |
|---|---|---|---|
| Roundhill Weekly T-Bill ETF (WEEK) | $274.14M | +$137.07M | +100.00% |
| Defiance Daily Target 2X Long HIMS ETF (HIMZ) | $145.09M | +$53.22M | +57.93% |
| Nuveen High Yield Corporate Bond ETF (NHYB) | $156.81M | +$56.62M | +56.52% |
| Gadsden Dynamic Multi-Asset ETF (GDMA) | $223.66M | +$66.40M | +42.22% |
| abrdn Emerging Markets Dividend Active ETF (AGEM) | $204.71M | +$58.31M | +39.83% |
| Neuberger Berman Core Equity ETF (NBCR) | $527.59M | +$115.68M | +28.08% |
| SPDR S&P Regional Banking ETF (KRE) | $3.27B | +$398.77M | +13.89% |
| T-REX 2X Long BMNR Daily Target ETF (BMNU) | $472.09M | +$56.32M | +13.55% |
| Defiance Daily Target 2X Long IONQ ETF (IONX) | $138.93M | +$15.69M | +12.73% |
| Direxion Daily MU Bull 2X Shares (MUU) | $171.38M | +$19.21M | +12.62% |
High-Velocity Outflows (AUM > $100M, 1D Flow > -5% of AUM)
| Fund (Ticker) | AUM | 1D Flow | 1D Flow as % of AUM |
|---|---|---|---|
| Global X Conscious Companies ETF (KRMA) | $327.12M | -$84.03M | -20.44% |
| Defiance Daily Target 2x Short RGTI ETF (RGTZ) | $105.39M | -$26.77M | -20.25% |
| SPDR S&P Retail ETF (XRT) | $256.35M | -$63.03M | -19.74% |
| Timothy Plan US Small Cap Core ETF (TPSC) | $239.72M | -$44.69M | -15.71% |
| SPDR S&P 1500 Momentum Tilt ETF (MMTM) | $150.41M | -$14.19M | -8.62% |
| MRP SynthEquity ETF (SNTH) | $100.35M | -$9.40M | -8.56% |
| ARK Fintech Innovation ETF (ARKF) | $1.27B | -$70.89M | -5.28% |
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.
