ETFGI reports that the global ETFs industry has attracted a record-breaking US$620.54 billion in net inflows during the first four months of 2025

Press Release

LONDON — May 16, 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 global ETFs industry has attracted a record-breaking US$620.54 billion in net inflows during the first four months of 2025, according to ETFGI's April 2025 Global 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 $620.54 Bn in the first 4 months of 2025, the second highest recorded YTD net inflows were $467.69 Bn in 2024 and the third highest YTD net inflows were $464.20 Bn in 2021.

  • Net inflows of $157.03 Bn during April.

  • 71st month of consecutive net inflows.

  • Assets of $15.44 Tn invested in the ETFs industry globally at the end of April, below the record high assets of $15.50 Tn at the end of February 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 Global ETFs industry as of the end of April

https://etfgi.com/sites/default/files/styles/feature_image/public/source_3.png?itok=sw3zyEon

The Global ETFs industry has 14,013 products, with 27,751 listings, assets of $15.44 Tn, from 858 providers listed on 81 exchanges in 63 countries at the end of April.

During April, ETFs gathered net inflows of $157.03 Bn. Equity ETFs gathered net inflows of $85.85 Bn, bringing YTD net inflows to $297.44 Bn, higher than the $263.08 Bn in net inflows YTD in 2024. Fixed income ETFs reported net inflows of $16.22 Bn during April, bringing YTD net inflows to $98.19 Bn, higher than the $80.34 Bn in net inflows YTD in 2024. Commodities ETFs reported net inflows of $10.50 Bn during April, bringing YTD net inflows to $32.41 Bn, much higher than the $8.35 Bn in net outflows YTD in 2024. Active ETFs attracted net inflows of $32.20 Bn during the month, gathering net inflows for the year of $176.75 Bn, much higher than the $96.93 Bn in net inflows YTD in 2024.

Substantial inflows can be attributed to the top 20 ETFs by net new assets, which collectively gathered $88.28 Bn during 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: Global

 

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

Huatai-Pinebridge CSI 300 ETF

 

510300 CH

      51,301.98

             3,384.30

          5,815.80

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

China AMC CSI 300 Index ETF

 

510330 CH

      26,127.04

             4,610.17

          4,739.06

Vanguard Total Stock Market ETF

 

VTI US

    440,142.77

            13,747.76

          4,478.15

E Fund CSI 300 ETF

 

510310 CH

      35,430.33

             2,800.34

          4,231.36

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

Harvest CSI 300 Index ETF

 

159919 CH

      22,846.76

             2,123.55

          3,036.36

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

China AMC China 50 ETF

 

510050 CH

      22,303.77

             1,761.87

          2,433.19

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

 

ITOT US

      64,085.91

             3,444.30

          2,407.48

China CSI 500 ETF

 

510500 CH

      15,018.11

             1,256.71

          2,322.22

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

 

https://etfgi.com/sites/default/files/styles/feature_image/public/source_3.png?itok=sw3zyEon

 

The top 10 ETPs by net new assets collectively gathered $1.73 Bn over April. AMUNDI PHYSICAL GOLD ETC (C) - Acc (GOLD FP) gathered $391.18 Mn, the largest individual net inflow.

Top 10 ETPs by net new assets April 2025: Global

Name

 

Ticker

Asset
($ Mn)
Apr-25

NNA
($ Mn)
 YTD-25

NNA
($ Mn)
Apr-25

AMUNDI PHYSICAL GOLD ETC (C) - Acc

 

GOLD FP

       7,895.64

                895.96

             391.18

Japan Physical Gold ETF

 

1540 JP

       5,072.40

                771.64

             354.95

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

iShares Bitcoin ETP

 

IB1T GY

          207.88

                197.48

             121.98

Xtrackers Physical Gold Euro Hedged ETC

 

XAD1 GY

       1,641.29

                  50.94

             118.38

Xetra Gold EUR

 

4GLD GY

      18,624.11

                797.86

             103.48

iShares Physical Gold GBP Hedged ETC - GBP Hdg

 

IGLG LN

          149.20

                104.07

             101.06

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

 

https://etfgi.com/sites/default/files/styles/feature_image/public/source_3.png?itok=sw3zyEon

Investors have tended to invest in Equity ETFs 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 register 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:

 

 

Day 1 - 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 
🆓 Free Registration: For CFA and CAIA members, buy-side institutional investors, and financial advisors
📚CPD Credits: Earn educational credits
📅 Event Date: Thursday, May 22nd virtual sessions

DAY 2 - Topics will include: 

  • How Investors are Using ETFs in Peru

  • How Investors are Using ETFs in Colombia

  • How Investors are Using ETFs in Brazil

  • How Investors are Using ETFs in Argentina

  • How US Offshore Investors are Using ETFs

📋View the agenda, speakers, and topics from last year's successful ETFGI Global ETFs Insights Summits - Latin America: https://bit.ly/3Za42dv

Don’t miss this opportunity to explore key trends and network with experts driving the future of ETFs. Register now

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

2025 ETFGI Global ETFs Insights Summits schedule:

  • 6th Annual - Asia Pacific 2025 in Hong Kong on September 3rd and virtually on September 4th. Register now.

  • 6th Annual - Middle East 2025 in Abu Dhabi on October 7 at ADGM. Register now.

  • 6th Annual - United States 2025 on November 5th in New York City at The Yale Club. Register now.

  • 7th Annual - Canada 2025 - Join us to Celebrate 35 Years of ETFs in Toronto, Canada on Dec 9th at Borden Ladner Gervais LLP (BLG)’s office! Register now.

ETFGI (www.ETFGI.com) is a leading independent firm which has for over 13 years provided subscription research services providing monthly reports covering trends in the global ETFs ecosystem, factsheets on all ETFs and ETPs listed globally, consulting services, ETF TV (www.ETFtv.net) and our Annual ETFGI Global ETFs Insights Summit educational events.

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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