The top 10 ETF creations include SPDR S&P 500 ETF Trust with $2,891.70 million in net flows, Invesco QQQ Trust Series I with $1,288.28 million, and ARK Innovation ETF with $1,090.34 million. VCIT, iShares Ethereum Trust ETF, also made the list with $1,003.09 million in net flows.
On the flip side, the top 10 redemptions for ETFs feature Communication Services Select Sector SPDR Fund with -$1,514.31 million in net flows, First Trust Cloud Computing ETF with -$473.01 million, and iShares Russell 2000 ETF with -$418.19 million. SPDR Portfolio Aggregate Bond ETF also saw redemptions of -$372.65 million.
Looking at ETF daily flows by asset class, US equity had the highest net flows with $2,827.81 million, followed by international equity with $1,691.74 million. Currency ETFs saw $1,216.75 million in net flows, while leveraged ETFs experienced redemptions of -$641.23 million. Overall, total net flows for all asset classes amounted to $6,888.34 million.
Read more at Yahoo Finance: ARKK Takes in $1B of Inflows