Investors poured $210 billion into US-listed ETFs in June, pushing year-to-date inflows past $1 trillion and putting 2026 on track for a $2 trillion haul if the current pace holds.
US equity ETFs did most of the heavy lifting for the month, taking in $103 billion. Fixed income funds followed with $46 billion, international equity ETFs added $37 billion, and leveraged products picked up $15 billion. The two categories in the red were commodities, which lost $6 billion, and currency ETFs, which shed $4.6 billion.
The backdrop was a strong one. US stocks climbed to fresh records during the second quarter after finishing near their lows for the year at the end of Q1, when the war involving Iran, Israel and the US rattled markets. The S&P 500 was up more than 10% at the midpoint of the year, and the Nasdaq-100 had gained over 20%.
International stocks also performed well, rising around 14%, while bonds managed only a fractional gain.
IVV, DRAM Lead
The flows data, which comes courtesy of FactSet, showed the iShares Core S&P 500 ETF (IVV) at the top of the June leaderboard.
Right behind it was the Roundhill Memory ETF (DRAM), the breakout hit that has become one of the fastest-growing ETFs of all time. The fund pulled in almost $10 billion during the month, lifting its assets above $25 billion. Another AI winner, the iShares Semiconductor ETF (SOXX), collected $4.1 billion.
Returns for both ETFs have been remarkable. SOXX is up 113% so far this year, most of that coming in the second quarter, and DRAM has gained 166% since it launched in April.
Other Winners & Losers
Other standouts on the inflows side included the iShares Systematic Alternatives Active ETF (IALT), which took in $4.3 billion in what looks like a model portfolio or institutional allocation. The iShares 0-3 Month Treasury Bond ETF (SGOV) added nearly $4 billion, making it the biggest fixed income winner of June.
The outflows column was led by the iShares MSCI EAFE Value ETF (EFV), which lost $5.6 billion. The ETF gained 10% through the first half of the year, which is respectable, but trailed the broader international category.
Another value fund, the iShares MSCI USA Value Factor ETF (VLUE), gave up $5.4 billion even as it turned in one of the stronger performances of any fund this year, up 47% on the back of well-timed stakes in Micron and Cisco, two tech names that have taken off.
Rounding out the June outflows list were the iShares Bitcoin Trust (IBIT) and the SPDR Gold Shares (GLD), which shed $3.4 billion and $3.2 billion. Both bitcoin and gold have had a rough year, down 33% and 7%.
A full list of the top inflows and outflows for June and for 2026 so far appears in the tables below.
