ETFs Attracted $118B of Inflows in November
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An incredible $117.7 billion flowed into U.S.-listed exchange-traded funds during the month of November, pushing year-to-date inflows up to $930 billion.

With one month left in the year, annual inflows for 2024 are on track to easily top 2021’s previous calendar-year record of $900 billion and potentially surpass the $1 trillion mark.

December’s inflows were heavily weighted towards U.S. equity ETFs. That category picked up almost $83 billion of the inflows, well ahead of the $11 billion that went into U.S. fixed income ETFs and the $7 billion that went into international fixed income ETFs.

ETF Inflows Nearing $1T for 2024

A standout category was inverse ETFs, which picked up $6.7 billion of inflows during November. The hefty inflows suggest that at least some investors are either betting against the big rally in markets, or are at least hedging their bets.

The S&P 500 hovered near record highs during much of November; the venerable index finished the month up by nearly 28% on a year-to-date basis.

With such massive gains for the big broad index, investors didn’t complicate things in November. They poured money into plain vanilla S&P 500 ETFs like the Vanguard 500 Index Fund (VOO) and the SPDR S&P 500 ETF Trust (SPY).

The two ETFs had monthly inflows of $15.7 billion and $13.7 billion, respectively, the most of any ETFs.

At the No. 3 position was another big broad ETF, the Invesco QQQ Trust (QQQ), which picked up $4.6 billion of new money.

It was followed by the iShares Bitcoin Trust (IBIT), with inflows of $4.4 billion, and the iShares Russell 2000 ETF (IWM), with inflows of $3.9 billion.

Bitcoin prices soared to nearly $100,000 during November, exciting investors who had piled into spot bitcoin ETFs throughout the year.

For a full list of the top inflows and outflows for November and 2024 as a whole, see the tables below:

Top Gainers November 2024

Ticker

Name

Issuer

Net Flows ($, mm)

AUM ($, mm)

% of AUM

YTD 2024 Net Flows($,M)

VOO

Vanguard 500 Index Fund

Vanguard

15,714.14

573,829.68

2.74

101,069.77%

SPY

SPDR S&P 500 ETF Trust

State Street Global Advisors

13,660.37

621,428.54

2.20

8,824.79%

QQQ

Invesco QQQ Trust

Invesco

4,565.15

307,702.01

1.48

22,895.66%

IBIT

iShares Bitcoin Trust

Blackrock

4,393.97

45,385.17

9.68

30,210.92%

IWM

iShares Russell 2000 ETF

Blackrock

3,897.56

75,717.69

5.15

174.09%

RSP

Invesco S&P 500 Equal Weight ETF

Invesco

3,198.11

70,861.69

4.51

13,062.52%

MTUM

iShares MSCI USA Momentum Factor ETF

Blackrock

2,650.53

13,423.95

19.74

2,198.97%

XLF

Financial Select Sector SPDR Fund

State Street Global Advisors

2,539.57

50,067.14

5.07

4,823.10%

NVD

GraniteShares 2x Short NVDA Daily ETF

GraniteShares

2,172.21

80.73

2,690.74

2,350.90%