Monthly U.S. Equity Mutual Fund and ETF Flows Recently, U.S. equity fund flows have been weak, with sustained outflows driven by trade policy uncertainty and cautious investor sentiment. Image: Goldman Sachs Global Investment Research
Cumulative Flows in All Bitcoin Funds and Gold ETF Holdings The past month has seen a clear preference for Bitcoin over gold among investors, driven by a shift toward riskier assets, robust technical performance, and accelerating ETF inflows into Bitcoin. Image: Goldman Sachs Global Investment Research
Weekly Net Flow to U.S. Bitcoin and Gold ETFs Over the past five weeks, U.S.-listed Bitcoin ETFs have attracted more than $9 billion, while gold-backed ETFs have seen outflows of $2.8 billion. This trend highlights Bitcoin’s growing recognition as a credible hedge in investment portfolios. Image: Bloomberg
U.S. ETF and Mutual Fund Flows Investors are exhibiting a strong and sustained appetite for U.S. money market funds, driven by ongoing market volatility and persistently high short-term interest rates. Image: Goldman Sachs Global Investment Research
Developed Market Gold ETF After a sustained period of outflows, developed market gold ETFs saw a return to positive investment flows in 2025, though inflows are still modest relative to historical highs. Image: Deutsche Bank
Total Known ETF Holdings of Gold Over the past three weeks, gold ETFs have seen net outflows as investors took profits after a major price rally. However, investor interest in gold remains strong for diversification and as a hedge against uncertainty. Image: J.P. Morgan
U.S. Bitcoin ETF Flows U.S. Bitcoin ETFs have experienced strong inflows. Bitcoin has rebounded over 20% from its early April low, surpassing $90,000. During this period, Bitcoin has significantly outperformed U.S. equities. Image: Bloomberg
Average Daily Equity ETF Flow vs. S&P 500 Performance Despite the S&P 500’s decline in Q1 2025, investors continued pouring money into equity ETFs, averaging nearly $3bn daily inflows—a sign of persistent appetite for U.S. equities amid volatility. Image: Strategas Research Partners
Monthly Fund Flows of Gold ETFs Gold funds have gained $12 billion in inflows over the past two months as record-high gold prices boost their appeal as a safe-haven asset in uncertain economic times. Image: Bloomberg
SPDR S&P 500 ETF Trust Three-Month 90/110 Implied Volatility Signs of stability are emerging in the S&P 500 Index after the sharp correction, as traders abandon bets on further significant declines, reflecting growing confidence in the market. Image: Bloomberg
Equity Sectoral and Regional ETF Flows Materials, energy and healthcare ETFs are still experiencing notable outflows, leading to a decrease in investor interest. Image: J.P. Morgan