ETF Inflows and Outflows for March 20, 2023: SGOV Pulls In $1.1B Amid Market Rebound

The iShares 0-3 Month Treasury Bond ETF (SGOV) attracted $1.1 billion Monday, bringing its assets under management to $52.7 billion. The Vanguard S&P 500 ETF (VOO) pulled in $884.6 million, while the iShares Core S&P 500 ETF (IVV) collected $749.9 million. The SPDR Bloomberg 1-3 Month T-Bill ETF (BIL) attracted $416.2 million. U.S. fixed-income ETFs attracted $3.9 billion, while U.S. equity funds posted outflows of $7.8 billion. Currency ETFs lost $955.7 million. Overall, ETFs posted net outflows of $4.6 billion for the day.

ETF investors experienced a mixed bag of performance in July 2025, with significant inflows into some funds and notable outflows from others. The iShares 0-3 Month Treasury Bond ETF (SGOV) attracted $1.1 billion, bringing its assets under management to $52.7 billion [1]. This influx occurred as the Dow Jones Industrial Average rebounded, wiping out Friday's decline sparked by weak jobs data and new tariff concerns.

The Vanguard S&P 500 ETF (VOO) pulled in $884.6 million, while the iShares Core S&P 500 ETF (IVV) collected $749.9 million as the S&P 500 advanced 1.5%. The Communication Services Select Sector SPDR Fund (XLC) gained $307.8 million, and the SPDR Bloomberg 1-3 Month T-Bill ETF (BIL) attracted $416.2 million. U.S. fixed-income ETFs attracted $3.9 billion, while U.S. equity funds posted outflows of $7.8 billion. Currency ETFs lost $955.7 million, resulting in overall net outflows of $4.6 billion for the day [1].

On the other hand, the SPDR S&P 500 ETF Trust (SPY) saw outflows of $8 billion despite the market rebound, while the iShares Russell 2000 ETF (IWM) lost $1.5 billion. The ARK Innovation ETF (ARKK) experienced outflows of $587.4 million, and the VanEck Semiconductor ETF (SMH) shed $355 million [1].

The month of July saw ETF investors ramp up purchases, adding just under $116 billion to U.S.-listed exchange-traded funds, the biggest monthly total of the year so far. This surge brought year-to-date net inflows to $672.8 billion, translating to an average of $96 billion per month. U.S. equity ETFs led the way in July with $52 billion in net inflows, buoyed by continued strength in the S&P 500 and Nasdaq-100. International equity ETFs followed with $26.2 billion in inflows, while U.S. fixed-income ETFs brought in $18.3 billion. Currency ETFs also posted a strong month, gathering $11.9 billion as investors sought exposure to cryptocurrencies [3].

The Vanguard S&P 500 ETF (VOO) topped the list for July with $12.5 billion of inflows, bringing its 2025 total to $72.6 billion. The iShares Bitcoin Trust (IBIT) pulled in $5.3 billion, while the iShares Ethereum Trust ETF (ETHA) attracted $4.2 billion. Other notable inflows came from the Financial Select Sector SPDR Fund (XLF), the Simplify Government Money Market ETF (SBIL), and the iShares 0-3 Month Treasury Bond ETF (SGOV) [3].

The iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD) led the redemptions list, followed by the Vanguard Long-Term Corporate Bond ETF (VCLT) and the iShares Russell 2000 ETF (IWM). Bond yields mostly stayed within their recent range in July as investors weighed inflation risks against signs of cooling in the labor market [3].

References:

[1] https://www.etf.com/sections/daily-etf-flows/sgov-pulls-11b-markets-rebound-friday-rout
[2] https://finance.yahoo.com/news/sgov-pulls-1-1b-markets-220000087.html
[3] https://www.etf.com/sections/monthly-etf-flows/etfs-show-strongest-inflows-2025-july