Group 1 - The article provides an overview of net flows across various ETF asset classes, highlighting a total net flow of $5,725.40 million as of the specified date [1] - International equity saw the highest net inflow of $2,989.72 million, while currency ETFs experienced the largest outflow of $391.93 million [1] - Alternatives and asset allocation ETFs had modest net inflows of $133.52 million and $62.90 million, respectively, indicating a stable interest in these categories [1] Group 2 - The total assets under management (AUM) for all ETFs reached $13,926,585.60 million, with a percentage of AUM for net flows at 0.04% [1] - International fixed income ETFs had a significant net inflow of $1,615.81 million, representing 0.42% of their AUM [1] - US equity and US fixed income ETFs had net inflows of $645.28 million and $601.64 million, respectively, with both categories showing minimal percentage changes relative to their AUM [1]

Core Insights - The article discusses the net flows of various asset classes in ETFs, highlighting significant redemptions in certain categories while showing positive flows in others [1] Group 1: ETF Flows by Asset Class - Alternatives experienced a significant net outflow of $1,451.66 million, representing a decrease of 1.27% of its total AUM of $114,419.37 million [1] - US Equity saw the largest redemption with a net outflow of $4,948.17 million, which is a minor decrease of 0.06% of its AUM of $8,388,319.16 million [1] - International Equity had a positive net inflow of $3,269.46 million, constituting 0.14% of its AUM of $2,382,313.57 million [1] Group 2: Overall ETF Market Performance - The total net flows across all asset classes amounted to $3,149.99 million, with a total AUM of $13,927,311.84 million, indicating a slight increase of 0.02% [1] - US Fixed Income showed a positive net inflow of $3,578.38 million, which is 0.19% of its AUM of $1,930,331.75 million [1] - Commodities ETFs recorded a net inflow of $1,966.48 million, representing 0.53% of their AUM of $369,285.39 million [1]

Top 10 Creations (All ETFs) Top 10 Redemptions (All ETFs) ETF Daily Flows By Asset Class   Net Flows ($, mm) AUM ($, mm) % of AUM Alternatives 18.92 113,794.98 0.02% Asset Allocation 47.60 33,687.28 0.14% Commodities E T Fs 621.56 362,875.89 0.17% Currency 32.71 148,134.69 0.02% International Equity 1,325.96 2,357,938.67 0.06% International Fixed Income 670.46 378,188.19 0.18% Inverse 58.35 12,239.40 0.48% Leveraged -456.71 ...

Top 10 Creations (All ETFs) Top 10 Redemptions (All ETFs) ETF Daily Flows By Asset Class   Net Flows ($, mm) AUM ($, mm) % of AUM Alternatives 6.93 113,314.07 0.01% Asset Allocation 20.29 33,499.29 0.06% Commodities E T Fs 1,281.06 350,940.51 0.37% Currency -355.31 146,743.58 -0.24% International Equity 1,498.42 2,336,831.86 0.06% International Fixed Income 831.24 375,968.91 0.22% Inverse 42.03 12,136.13 0.35% Leveraged -723.6 ...

Top 10 Creations (All ETFs) Top 10 Redemptions (All ETFs) ETF Daily Flows By Asset Class   Net Flows ($, mm) AUM ($, mm) % of AUM Alternatives -4.31 113,105.17 0.00% Asset Allocation 35.62 33,342.91 0.11% Commodities E T Fs 368.47 346,662.92 0.11% Currency -373.13 149,510.15 -0.25% International Equity 1,323.89 2,323,415.16 0.06% International Fixed Income 265.92 374,044.87 0.07% Inverse 12.64 12,161.32 0.10% Leveraged -164.29 ...

Core Insights - JPMorgan analysts observed a stabilizing flow pressure in spot crypto ETFs in early January, following a period of de-risking in late 2025 that was characterized by ETF redemptions rather than a liquidity freeze [1][2] - Bitcoin is currently trading at $90,428, down 2.50%, while Ethereum is at $3,100, down 4.54% [1] Group 1: ETF Flow Dynamics - U.S. spot Bitcoin ETFs experienced $697.25 million in net inflows on January 5, which shifted to $243 million in net outflows by January 7, indicating a transition from "forced reduction" to "tactical rotation" [2] - This change in flow dynamics is expected to tighten intraday ranges and enhance bid support in Bitcoin perpetual funding regimes [2] Group 2: Market Positioning and Sentiment - JPMorgan's analysis aligns with previous insights from Nikolaos Panigirtzoglou's team, which differentiated between October's perpetual deleveraging and November's ETF-led selling by non-crypto investors, primarily retail ETF users [3] - This distinction helps maintain the correction narrative focused on positioning rather than systemic market issues [3] Group 3: Traditional Allocators and Risk Sentiment - Traditional allocators received a positive signal when MSCI announced it would not remove digital-asset treasury companies (DATCO) from indexes, which alleviated near-term forced-selling risks for passive index products holding crypto-related equities [4] - The shares of Strategy's (MSTR) increased following this update, indicating a reduction in selling pressure [4] Group 4: Trade Setup Changes - The current trading environment is characterized by alternating creation and redemption days, allowing desks to hedge more effectively through basis and options [5] - If MSCI retains the "DATCO" category in benchmarks during the February review, it could prevent systematic equity reallocations from acting as a hidden sell program for crypto beta, thereby supporting tighter correlations among Bitcoin spot, CME basis, and ETF flow momentum [6]

Top 10 Creations (All ETFs) Top 10 Redemptions (All ETFs) ETF Daily Flows By Asset Class   Net Flows ($, mm) AUM ($, mm) % of AUM Alternatives 8.50 111,084.21 0.01% Asset Allocation 32.15 32,868.25 0.10% Commodities E T Fs -239.47 337,366.39 -0.07% Currency 563.92 145,751.41 0.39% International Equity 317.34 2,270,775.84 0.01% International Fixed Income 384.78 371,180.34 0.10% Inverse 88.71 12,242.77 0.72% Leveraged -474.59 ...

Top 10 Creations (All ETFs) Top 10 Redemptions (All ETFs) ETF Daily Flows By Asset Class   Net Flows ($, mm) AUM ($, mm) % of AUM Alternatives 123.13 111,066.40 0.11% Asset Allocation 40.67 32,746.94 0.12% Commodities E T Fs -891.62 333,335.33 -0.27% Currency -430.34 141,595.34 -0.30% International Equity 982.11 2,250,273.34 0.04% International Fixed Income 642.41 370,954.65 0.17% Inverse -169.36 12,318.66 -1.37% Leveraged -69 ...

Core Insights - The article provides a summary of net flows across various asset classes in the ETF market, highlighting significant trends in investor behavior and asset allocation [1]. Group 1: Net Flows by Asset Class - Alternatives saw a net inflow of $44.50 million, representing 0.04% of its total AUM of $111,374.49 million [1]. - Asset Allocation ETFs experienced a net inflow of $39.63 million, which is 0.12% of their AUM of $32,902.27 million [1]. - Commodities ETFs faced a significant outflow of $194.94 million, equating to -0.06% of their AUM of $340,174.46 million [1]. - Currency ETFs had a net inflow of $341.06 million, which is 0.24% of their AUM of $142,414.16 million [1]. - International Equity ETFs attracted a net inflow of $877.31 million, representing 0.04% of their AUM of $2,256,331.68 million [1]. - International Fixed Income ETFs saw a net inflow of $371.97 million, which is 0.10% of their AUM of $371,051.57 million [1]. - Inverse ETFs experienced a net outflow of $71.78 million, equating to -0.58% of their AUM of $12,379.03 million [1]. - Leveraged ETFs had a net inflow of $30.68 million, representing 0.02% of their AUM of $154,765.40 million [1]. - US Equity ETFs saw the largest net inflow of $3,497.77 million, which is 0.04% of their AUM of $8,225,785.31 million [1]. - US Fixed Income ETFs experienced a net inflow of $616.17 million, equating to 0.03% of their AUM of $1,898,335.71 million [1]. - The total net inflow across all asset classes was $5,552.37 million, representing 0.04% of the total AUM of $13,545,514.09 million [1].

Core Insights - The article provides an overview of net flows across various asset classes in ETFs, highlighting significant redemptions in certain categories while showing positive inflows in others [1] Group 1: Net Flows by Asset Class - Alternatives saw a net inflow of $0.85 million with an AUM of $111,526.23 million, representing 0.00% of AUM [1] - Asset Allocation experienced a net inflow of $25.28 million with an AUM of $33,006.48 million, which is 0.08% of AUM [1] - Commodities ETFs faced a significant net outflow of $218.34 million, with an AUM of $345,774.95 million, resulting in -0.06% of AUM [1] - Currency ETFs had a net outflow of $232.98 million, with an AUM of $141,608.52 million, equating to -0.16% of AUM [1] - International Equity saw a net inflow of $60.83 million, with an AUM of $2,255,743.51 million, representing 0.00% of AUM [1] - International Fixed Income recorded a net inflow of $169.47 million, with an AUM of $369,430.32 million, which is 0.05% of AUM [1] - Inverse ETFs had a net outflow of $23.90 million, with an AUM of $12,300.55 million, resulting in -0.19% of AUM [1] - Leveraged ETFs experienced a significant net outflow of $387.59 million, with an AUM of $158,429.00 million, equating to -0.24% of AUM [1] - US Equity had a net inflow of $452.14 million, with an AUM of $8,249,101.28 million, representing 0.01% of AUM [1] - US Fixed Income saw a net inflow of $648.33 million, with an AUM of $1,891,478.88 million, which is 0.03% of AUM [1] - The total net inflow across all asset classes was $494.08 million, with a total AUM of $13,568,399.73 million, resulting in 0.00% of AUM [1]