The U.S. exchange-traded fund (ETF) market has achieved a significant breakthrough, exceeding $10 trillion in assets. The driving force behind this surge was an outstanding $691 billion in 2024 inflows, significantly bolstered by S&P 500 ETF Titans VOO and IVV.
As highlighted by Bloomberg, this remarkable inflow marks the beginning of what could be a record-setting year, with ETF inflows poised to potentially break the previous record of $900 billion.
ETF.com’s data reveals a robust market performance by the end of August 2024, with $71 billion pouring into ETFs within a single month. ETF Titans such as the Vanguard S&P 500 ETF (VOO) and the Vanguard Information Tech ETF (VGT) led the way, although the SPDR S&P 500 (SPY) saw notable outflows.
S&P 500 ETFs: Dominating the Market
The Vanguard S&P 500 ETF and the iShares Core S&P 500 ETF (IVV) have emerged as top performers. The Vanguard S&P 500 ETF alone attracted over $60.5 billion in net flows, amassing an impressive $503 billion in assets under management (AUM). This represents 12.04% of its AUM and highlights the growing investor confidence in the S&P 500’s performance.
Similarly, the iShares Core S&P 500 ETF garnered about $43.4 billion in net flows. Not far behind, the Vanguard Total Stock Market Index Fund ETF (VTI) collected a commendable $21 billion.
Investor Interest in Technology and Bitcoin ETFs
The technology sector also demonstrated robust performance. The Invesco QQQ Trust (QQQ) attracted nearly $20.9 billion in inflows, indicating a strong investor interest in tech stocks.
Furthermore, the cryptocurrency arena saw impressive traction with the iShares Bitcoin Trust (IBIT), which welcomed around $20.9 billion in inflows, capturing an extraordinary 98.63% of its AUM.
With varied options and strategic exposure to diverse sectors, ETFs continue to dominate the investment landscape. As the market evolves, it’s evident that the ETF momentum will only grow stronger.
Click Here For More Trading tips and strategies.
Read Next: Vanguard Announces Indexing Changes for Sector ETFs
Photo: Shutterstock
Market News and Data brought to you by Benzinga APIs
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Discover more from Make Money Online and Work From Anywhere
Subscribe to get the latest posts sent to your email.
