Single Stock Recap: $1.66 Billion Pours In as Traders Lean Into Sell-Off

Weekly Channel Summary

The Single Stock ETF channel continues its relentless expansion, proving it’s the new arena for high-conviction traders. The space now boasts 361 products from 18 different issuers, all competing for a slice of the massive $39 billion in assets under management. The money just keeps piling in—this week alone saw a staggering $1.66 billion in net inflows, rocketing the year-to-date haul to an incredible $22.81 billion. Looking back a full year, a whopping $29.29 billion in new money has entered this space. This isn’t just a niche; it’s a full-blown phenomenon.

This Week’s Performance Leaders and Laggards

This week’s performance was a classic story of high-risk, high-reward. The action was driven by explosive moves in underlying tech and biotech names. Traders betting on a comeback in Opendoor Technologies Inc (OPEN) were rewarded as the stock skyrocketed 23.78%. But the downside of leverage was just as painful. Anyone holding long positions on Cleanspark, Inc. (CLSK) felt the burn as the underlying stock cratered -29.61%, wiping out recent gains.

Top & Bottom 5 Underlying Stock Performance (WTD)

Weekly Performance: The Winners and Losers

The undisputed champion of the week was the T-REX 2X Inverse CRWV Daily Target ETF (CORD), which delivered a staggering +63.95% gain as CoreWeave’s stock tumbled. On the losing side, the pain was acute for the Tradr 2X Long CLSK Daily ETF (CLSX), which cratered -52.29%. It was followed closely by the Leverage Shares 2X Long CRWV Daily ETF (CRWG), which lost -47.51%. As always, it’s critical to remember that due to daily resets and compounding, the performance of levered and inverse ETFs over time will not be a perfect mirror image of the underlying stock’s return.

Analyzing the Weekly Flows

The money flow tells a clear story of bullish conviction. The channel vacuumed up a net $1.65 billion this week. Unsurprisingly, the Levered category dominated, pulling in over $1.56 billion as traders looked to amplify their bets. Synthetic Income strategies also saw healthy inflows of $207 million. The only sign of hedging was in the Inverse category, which saw a $125 million exodus, suggesting traders were closing out their short positions, possibly to take profits or capitulate.

Where the Money Went This Week

Flow Leaders & Laggards: The ETF Tale of the Tape

Drilling down, investors piled into the GraniteShares 2x Long NVDA Daily ETF (NVDL), jamming $547 million into the fund. The Direxion Daily TSLA Bull 2X Shares (TSLL) also saw massive interest, pulling in $178 million. On the outflow side, traders fled the Defiance Daily Target 2x Short RGTI ETF (RGTZ), which bled $61 million, and the GraniteShares 2x Long AMD Daily ETF (AMDL), which saw an exodus of $52 million as traders likely took profits off the table.

Issuer League Table Update

The battle for market share remains a heavyweight fight. Direxion holds the top spot, commanding 28.21% of the channel’s AUM, with YieldMax close behind at 24.89%. But the real story this week is in the flows: GraniteShares had a monster week, attracting $572 million in new assets. Tradr also had a strong showing, pulling in $216 million. On the other end, Simplify saw the largest outflows, though minimal at just $2 million.

The Heavyweights: Top 5 Issuers by AUM

Weekly Flows: Issuer Edition