ETFGI reports the ETFs industry in the US has gathered a record US$360.89 billion of net inflows in the first 4 months of 2025

Press Release

LONDON — May 14, 2025 — ETFGI, a leading independent research and consultancy firm renowned for its expertise in subscription research, consulting services, events, and ETF TV on global ETF industry trends, reported today that the ETFs industry in the US has gathered a record US$360.89 billion of net inflows in the first 4 months of 2025, according to ETFGI's April 2025 US ETFs and ETPs industry landscape insights report, the monthly report which is part of an annual paid-for research subscription service. (All dollar values in USD unless otherwise noted.)

Highlights

  • Record net inflows of $360.89 Bn in the first 4 months of 2025, followed by net inflows of $329.01 Bn the first 4 months of 2021 and the third highest net inflows for the first 4 months of a year was $267.60 Bn in 2024.
  • Net inflows of $62.90 Bn in April.
  • 36th month of consecutive net inflows.
  • Assets of $10.46 Tn invested in the ETFs industry in the United States at the end of April which are the fourth highest on record, below the record high assets of $10.73 Tn in January 2025.

“The S&P 500 index was down 0.68% in April and is down 4.92% YTD in 2025. The developed markets excluding the US index was up 4.86% in April and is up 10.85% YTD in 2025. Spain (up 8.65%) and Portugal (up 7.67%) saw the largest increases amongst the developed markets in April. The emerging markets index increased by 0.88% during April and is up 1.80% YTD in 2025. Hungary (up 10.78%) and Mexico (up 10.40%) saw the largest increases amongst emerging markets in April,” according to Deborah Fuhr, managing partner, founder, and owner of ETFGI.

 

Growth in assets in the ETFs industry in the United States as of the end of April

   

 

 

 

 

 

 

 

 

 

 

 

 

The ETFs industry in the United States has 4,197 products, assets of US$10.46 Tn, from 387 providers listed on 3 exchanges at the end of April.

During April, ETFs gathered net inflows of $62.90 Bn. Equity ETFs gathered net inflows of $15.45 Bn during the month, bringing YTD net inflows to $123.98 Bn, higher than the $112.59 Bn in YTD net inflows in 2024. Fixed income ETFs reported net inflows of $11.43 Bn during April, bringing YTD net inflows to $68.09 Bn, higher than the $37.97 Bn in net inflows YTD in 2024. Commodities ETFs reported net inflows of $4.01 Bn during April, bringing YTD net inflows to $15.75 Bn, higher than the $4.60 Bn in net outflows YTD in 2024. Active ETFs attracted net inflows of $22.17 Bn during the month, gathering YTD net inflows of $142.95 Bn, much higher than the $85.81 Bn in net YTD in 2024.

Substantial inflows can be attributed to the top 20 ETF‘s by net new assets, which collectively gathered $75.73 Bn in April. Vanguard S&P 500 ETF (VOO US) gathered $20.88 Bn, the largest individual net inflow.

Top 20 ETFs by net new assets April 2025: US

Name

Ticker

Assets
($ Mn)
 Apr-25

NNA
($ Mn)
 YTD-25

NNA
($ Mn)
Apr-25

Vanguard S&P 500 ETF

VOO US

    608,445.63

            54,986.89

        20,884.28

SPDR Bloomberg Barclays 1-3 Month T-Bill ETF

BIL US

      47,040.58

            10,774.23

          5,978.74

iShares 0-3 Month Treasury Bond ETF

SGOV US

      44,737.13

            14,845.82

          5,328.67

Schwab Mortgage-Backed Securities ETF

SMBS US

       5,016.67

             4,887.01

          4,884.51

Vanguard Total Stock Market ETF

VTI US

    440,142.77

            13,747.76

          4,478.15

Vanguard Short-Term Bond ETF

BSV US

      38,646.90

             4,556.33

          3,859.99

SPDR Portfolio S&P 500 ETF

SPLG US

      61,978.37

            11,493.84

          3,609.51

iShares Bitcoin Trust

IBIT US

      56,768.88

             5,406.13

          2,693.67

Direxion Daily Semiconductors Bull 3x Shares

SOXL US

       9,210.55

             3,982.73

          2,576.19

Vanguard Growth ETF

VUG US

    150,525.30

             6,383.00

          2,488.66

iShares Core S&P Total U.S. Stock Market ETF

ITOT US

      64,085.91

             3,444.30

          2,407.48

SPDR S&P 500 ETF Trust

SPY US

    568,675.32

          (26,913.07)

          2,244.54

iShares Short Treasury Bond ETF

SHV US

      22,228.38

             3,140.41

          2,142.86

Invesco Nasdaq 100 ETF

QQQM US

      42,218.84

             6,074.17

          2,124.01

Schwab US Large-Cap Growth ETF

SCHG US

      37,482.22

             3,568.10

          1,914.04

Vanguard Mid-Cap ETF

VO US

      74,789.50

             4,549.87

          1,897.47

JPMorgan Nasdaq Equity Premium Income ETF

JEPQ US

      24,342.12

             5,634.15

          1,672.29

iShares Broad USD High Yield Corporate Bond ETF

USHY US

      21,354.72

             2,349.02

          1,580.09

iShares 1-3 Year Treasury Bond ETF

SHY US

      24,508.76

             1,526.88

          1,561.54

Schwab US Dividend Equity ETF

SCHD US

      66,982.42

             5,244.13

          1,398.55

 

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The top 10 ETPs by net assets collectively gathered $904.89 Mn during April. MicroSectors FANG+ 3X Leveraged ETN (FNGB US) gathered $193.21 Mn, the largest individual net inflow.

Top 10 ETPs by net new assets April 2025: US

Name

Ticker

Assets
($ Mn)
Apr-25

NNA
($ Mn)
YTD-25

NNA
($ Mn)
Apr-25

MicroSectors FANG+ 3X Leveraged ETN

FNGB US

          387.39

                390.39

             193.21

Grayscale Bitcoin Mini Trust ETF

BTC US

       3,981.49

                435.03

             152.32

Inverse VIX Short-Term Futures ETNs due March 22 2045

VYLD US

            93.41

                189.20

              99.18

ProShares UltraShort Gold

GLL US

          128.33

                123.03

              89.88

MAX S&P 500 4X Leveraged ETN

SPYU US

          238.19

                120.58

              84.91

MicroSectors Gold Miners -3X Inverse Leveraged ETN

GDXD US

          114.36

                109.46

              71.45

VanEck Merk Gold ETF

OUNZ US

       1,662.21

                151.62

              69.32

Invesco DB US Dollar Index Bearish Fund

UDN US

          136.81

                  79.71

              63.83

Fidelity Ethereum Fund

FETH US

          749.37

               (130.16)

              43.48

ProShares Ultra DJ-UBS Natural Gas

BOIL US

          204.26

               (296.10)

              37.30


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 Investors have tended to invest in Active ETFs/ETPs during April.

 

Contact deborah.fuhr@etfgi.com if you have any questions or comments on the press release or ETFGI events, research or consulting services.

 

 

🎉Join us on Wednesday May 21st in Mexico City at Bolsa Institucional de Valores for our 6th Annual ETFGI Global ETFs Insights Summit - Latin America 
 

Don't miss your chance to attend the 6th Annual ETFGI Global ETFs Insights Summit - Latin America at Bolsa Institucional de Valores (BIVA), taking place on Wednesday, May 21st from 7:15 AM for the opening bell ringing ceremony, 8:30 AM event registration followed by panel discussion and a networking drinks reception from 3:00 - 5:00 PM CST and virtually on May 22nd! Register now!

The summit is designed to be an educational event fostering discussions on the due diligence, selection, and trading of local, US and UCITS ETFs by financial advisors and institutional investors in Mexico, Chile, Peru, Colombia, Brazil and Argentina. Hear from industry leaders from ETF issuers, regulators, investors, exchanges, and trading firms who will share insights on product development, regulations, trading practices, and technological advancements shaping ETF innovation and usage.

Speakers will include:

 

Topics will include:

  • Macro Outlook

  • Understanding the Use of ETFs listed in Mexico

  • ETFs and Retail Investors in Mexico

  • Best Practices When Selecting and Trading Local, US, and UCITS ETFs

  • ETF Due Diligence

  • Update on the Use of ETFs in Brazil, Chile and Peru

  • Trends in the Use of ETFs Around the World

  • Trends in the Global ETFs Industry from ETFGI’s Research


📅 Event Date: Wednesday, May 21st in Mexico City
📍Location: Bolsa Institucional de Valores (BIVA), Mexico City
⏰Time: Day 1 from 7.15 AM - 5.00 PM CST, including an Open Bell Ringing Ceremony, networking coffees and drinks reception 
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The Institutional Stock Exchange (BIVA) began operations in 2018, providing local and foreign investors with cutting-edge technology for trading, market data solutions, and listing and maintenance for companies. Since then, BIVA has helped Mexican companies to finance themselves with more than 13,000 million dollars.

In addition to having broken a decades-old monopoly, BIVA has become an agile and professional competitor and committed to its clients, seeking the development, deepening and democratization of the stock market sector in Mexico, and daily brings the benefits of competition to issuing companies, brokerage houses and other participants in the Mexican financial sector.

BIVA is part of Central Corretajes SAPI de CV (CENCOR), a Mexican holding company with more than 25 years of experience developing infrastructure for a better functioning of financial markets in Mexico, United States, and Latin America. The companies comprising this group are: Enlace, Proveedor Integral de Precios (PiP) and Mercado Electronico In[1]stitucional (MEI). For more information please visit www.biva.mx

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If you are interested in sponsoring or speaking at any of our upcoming events or have any questions, please contact us deborah.fuhr@etfgi.com and margareta.hricova@etfgi.com.
 

 

Contact: 
Deborah Fuhr 
Managing Partner, Founder 
ETFGI 
Mobile: +44 777 5823 111 
Email: deborah.fuhr@etfgi.com 
Web: www.etfgi.com 

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