In the universe of ETFs, the SPDR S&P 500 ETF Trust saw the biggest outflow, with 31,900,000 units destroyed, a 3.0% decrease from the previous week. Nvidia and Apple were among the largest components of SPY, with Nvidia up 1.5% and Apple up 0.2% in morning trading.

The First Trust Dow Jones International Internet ETF had the largest percentage outflow, losing 1,000,000 units, a 40.0% decline from the previous week. PDD and Spotify Technology were among the largest components of FDNI, with PDD up 2% and Spotify Technology up 0.3% in morning trading.

Read more at Nasdaq: SPY, FDNI: Big ETF Outflows