Core Insights - The US ETF market is experiencing significant inflows, with a total of $97.8 billion in net inflows in June and $556.4 billion year-to-date [1][2] - Vanguard's VOO has surpassed State Street's SPY to become the largest ETF globally, with assets under management of approximately $683.5 billion compared to SPY's $632.8 billion [4] - BlackRock's Bitcoin ETF, IBIT, has gained substantial traction, accumulating $15.147 billion in inflows since its launch, making it the largest Bitcoin ETF globally [5][6] US ETF Market Performance - In June, US stock ETFs attracted $26.7 billion in net inflows, while fixed income ETFs saw $22.6 billion, and global stock ETFs recorded $28.6 billion [3] - The top three single funds by net inflows in June were iShares Core S&P 500 ETF (IVV) with $7.9 billion, SPDR S&P 500 ETF Trust (SPY) with $4.5 billion, and JPMorgan Mortgage-Backed Securities ETF (JMTG) with $3.7 billion [3] Vanguard's VOO Dominance - VOO's management fee is significantly lower at 0.03% compared to SPY's 0.09%, contributing to its popularity among cost-conscious investors [4] - Despite losing its title as the largest ETF, SPY remains favored by institutional investors due to its liquidity and trading volume [4] BlackRock's Bitcoin ETF Success - IBIT has quickly grown to $73.58 billion in assets under management, making it the fastest-growing ETF in history [5] - The success of IBIT is attributed to its ease of access for investors, high liquidity, low trading costs, and strong technological support from BlackRock and Coinbase Prime [5][6] Emerging Markets ETF Interest - The largest emerging markets ETF, IEMG, has seen net inflows of $6.744 billion this year, reaching an asset size of $96.47 billion [7] - Global investors are increasingly interested in emerging markets, particularly as the US dollar weakens, which could further benefit IEMG [7]

Core Insights - The global financial market showed strong performance in June, with significant interest from investors across various asset classes, particularly in U.S. ETFs, which attracted a net inflow of $97.8 billion in June and a total of $556.4 billion year-to-date [1][2]. ETF Market Performance - U.S. stock ETFs saw a net inflow of $26.7 billion in June, while fixed income ETFs attracted $22.6 billion, and global stock ETFs recorded $28.6 billion in net inflows [4]. - The top individual funds included the iShares Core S&P 500 ETF (IVV) with $7.9 billion, the SPDR S&P 500 ETF Trust (SPY) with $4.5 billion, and the JPMorgan Mortgage-Backed Securities ETF (JMTG) with $3.7 billion in net inflows [4]. Leading ETFs - The Vanguard S&P 500 ETF (VOO) surpassed the SPDR S&P 500 ETF (SPY) to become the largest ETF globally, with assets under management of approximately $683.5 billion compared to SPY's $632.8 billion [6]. - VOO's success is attributed to its lower expense ratio of 0.03%, significantly lower than SPY's 0.09%, appealing to cost-conscious investors [6]. Bitcoin ETF Success - The BlackRock Bitcoin ETF (IBIT) has gained significant traction, attracting $15.1 billion in inflows since its launch in January 2024, making it the largest Bitcoin ETF globally with a current size of $73.58 billion [8]. - Factors contributing to IBIT's success include its ease of access for investors, high liquidity, low trading costs, and strong technological support from BlackRock and Coinbase Prime [9]. Emerging Markets ETFs - There is a growing interest in emerging market ETFs, with the largest emerging market ETF, IEMG, seeing a net inflow of $6.744 billion this year, bringing its total assets to $96.47 billion [11]. - The trend indicates a shift in investor sentiment towards diversifying investments beyond the U.S. market, while still maintaining existing U.S. stock positions [11].

BlackRock now makes more money from its BTC ETF than any other ETF.IBIT earns more than even IVV, BlackRock’s SPX500 ETF that is 10x larger.What do you think BlackRock will do next? https://t.co/4AEEeGNBT3 ...

Core Viewpoint - Despite a challenging market environment and the impact of new U.S. tariff policies, most ETF investors are expected to continue dollar-cost averaging into popular ETFs, even as their outlook becomes increasingly bearish. Some investors are hedging by increasing their allocations to gold or cash ETFs [2][3]. Group 1: ETF Investment Trends - ETF investors tend to hold their positions long-term, continuing to invest in low-cost beta funds like VOO and IVV, which accounted for 20% of the $300 billion inflow into U.S. listed ETFs this year [3]. - The increase in inflows to cash and gold ETFs indicates that investors are seeking some buffer against market volatility, suggesting a contradictory behavior of buying equities while hedging [3][6]. - Historical patterns show that ETF investors have previously bought during downturns, indicating a potential need for sustained market declines of 6-9 months to deter significant buying activity [6]. Group 2: Fund Flows and Performance - In the first quarter, U.S. equity ETFs saw record inflows of $140 billion, with 80% of this capital flowing into funds heavily invested in U.S. equities [9]. - Vanguard S&P 500 ETF (VOO), iShares Core S&P 500 ETF (IVV), and Vanguard Total Stock Market ETF (VTI) led the inflow rankings, attracting $34 billion, $21.4 billion, and $8.6 billion respectively [9]. - Conversely, SPDR S&P 500 ETF Trust (SPY) experienced an outflow of $22.6 billion, indicating a shift in investor sentiment [9]. Group 3: Gold and Cash ETFs - The inflow into gold ETFs has increased significantly, with $12.2 billion added in the first quarter, driven by a 19% rise in gold prices and a growing interest in safe-haven assets [10]. - The performance of gold ETFs has improved, with a nearly 50% return since the beginning of 2024, reflecting a shift in investor focus towards protective assets [10].