ETF Daily Fund Inflow Report

October 10, 2025

Headline: Growth and Digital Assets Attract Capital as Risk Appetite Gains Momentum

Market Overview
Today’s fund flows reflect a pronounced shift toward growth-oriented and digital asset exposures, with equity and cryptocurrency ETFs dominating the inflow leaderboard. The top 10 list features three S&P 500 core ETFs, two crypto trusts, a leveraged tech play, and a mix of international and sector-specific funds, suggesting investors are prioritizing broad equity market participation, technology-driven momentum, and speculative bets on digital assets. While long-duration Treasury flows (e.g., TLT) hint at some diversification, the overall trend leans risk-on, possibly reflecting confidence in earnings resilience or positioning ahead of seasonal catalysts.

ETF Highlights
The Vanguard S&P 500 ETF (VOO) led inflows with $1.7 billion, reinforcing its role as a core proxy for U.S. large-cap equities. Its $772.42 billion AUM underscores its status as a benchmark holding, while its 14.07% YTD return aligns with sustained demand for low-cost, broad-market exposure. Similarly, the iShares Core S&P 500 ETF (IVV) attracted $369.77 million, mirroring VOO’s performance (14.11% YTD) and highlighting competitive pressure in the core equity space.

Cryptocurrency-linked ETFs saw robust action, with the iShares Bitcoin Trust ETF (IBIT) and iShares Ethereum Trust ETF (ETHA) securing second and fifth positions, respectively. IBIT’s $969.95 million inflow and 25.81% YTD gain suggest renewed risk tolerance toward digital assets, while ETHA’s $437.51 million inflow and 29.70% YTD performance reflect speculative momentum amid volatile crypto markets.

Sectoral bets focused on growth and innovation. The ProShares UltraPro QQQ (TQQQ), a 3x leveraged play on the Nasdaq-100, drew $337.28 million, with its 32.52% YTD return indicating appetite for amplified tech-sector exposure. The Technology Select Sector SPDR Fund (XLK) added $287.59 million, its 22.42% YTD return underscoring tech’s dominance in growth narratives.

International and alternative allocations also gained traction. The Vanguard Total International Stock ETF (VXUS) took third place with $699.72 million, buoyed by a 25.52% YTD return that may signal optimism about global equity rebounds. Meanwhile, the iShares MBS ETF (MBB) attracted $475.59 million, its 3.75% YTD return potentially reflecting defensive positioning in interest-sensitive mortgage-backed securities.

Income-focused investors showed selective interest, with the Capital Group Dividend Value ETF (CGDV) pulling in $294.46 million. Its 19.97% YTD return and focus on dividend-paying stocks may appeal to those balancing growth with yield.

Notable Trends
The top 10 highlights a clear rotation into growth equities and crypto, with S&P 500 ETFs and leveraged tech vehicles collectively capturing over $2 billion. The strong showing of IBIT and ETHA, despite their volatility, signals speculative fervor, while VXUS’s performance suggests a tentative re-engagement with international markets. A minor surprise is the inflow into TLT, the 20+ year Treasury ETF, which contrasts with the broader risk-on theme but may reflect tactical duration bets or yield-seeking behavior amid low-rate expectations.

Conclusion
Today’s flows point to a market leaning into growth and innovation themes, with capital favoring large-cap equities, tech-driven momentum, and digital assets. The scale of inflows into S&P 500 and leveraged tech ETFs could indicate confidence in near-term earnings resilience or macroeconomic stability. Meanwhile, crypto’s strong showing, though speculative, suggests investors are increasingly willing to tolerate volatility for higher-return opportunities. The modest Treasury inflow adds nuance but does not detract from the overall risk-on bias.