Technology funds attracted $8.33B in inflows last week, while the S&P 500 ETF saw its largest outflow in recent months.
The SPDR S&P 500 ETF Trust (SPY) recorded $29.62B in outflows for the week ended June 19, its price declining 1.07% during the period. The outflows marked one of the largest weekly withdrawals for the fund this year.
Technology Select Sector SPDR Fund (XLK) led sector inflows with $8.33B, while Consumer Staples Select Sector SPDR Fund (XLP) saw the largest outflows at $521.99M. SPDR Gold Shares ETF (GLD) and iShares Bitcoin Trust ETF (IBIT) posted inflows of $963.41M and $109.73M, respectively, despite mixed price performance.
Fund flows and asset prices diverged, with SPY and GLD both falling despite significant investor activity in both directions.