ETFGI reports ETFs industry in the United States Gathered a Record US$ 1.23 Trillion in YTD Net Inflows at end of July. During July, the ETFs industry in the United States gathered net inflows of US$193.42 billion, bringing year-to-date net inflows to US$1.23 trillion, according to ETFGI's July 2026 US ETFs and ETPs industry landscape insights report, the monthly report which is part of an annual paid-for research subscription service. ETFGI, is a 14 year old leading independent research and consultancy firm renowned for its expertise in subscription research, consulting services, 6 annual ETFGI Global ETFs Insights Summits, and ETF TV on global ETF industry trends. (All dollar values in USD unless otherwise noted)
Highlights
- Assets of $15.74 Tn invested in the ETFs industry in the United States at the end of July, below the record high assets of $15.78 Tn in June 2026.
- Assets increased 17.3% YTD in 2026, going from $13.43 Tn at end of 2025 to $15.74 Tn.
- Net inflows of $193.42 Bn in July.
- YTD net inflows of $1.23 Tn are the highest on record, followed by YTD net inflows of $678.12 Bn in 2025 and the third highest recorded YTD net inflows are of $577.19 Bn in 2024.
- 51st month of consecutive net inflows.
- US ETF industry remains highly concentrated, the three largest providers account for 70.6% of total AUM
- YTD 889 new ETFs have been launched by 169 providers, while 186 ETFs have closed.
“The S&P 500 declined slightly by 0.06% in July but remained up 10.14% year-to-date in 2026. Developed markets excluding the US gained 0.30% during July and were up 14.62% year-to-date, with Luxembourg (+12.10%) and Norway (+9.93%) posting the strongest gains among developed markets. Emerging markets fell 0.33% in July but remained up 9.40% year-to-date, while Taiwan (-7.80%) and Turkey (-5.91%) recorded the largest declines among emerging markets,” according to Deborah Fuhr, Managing Partner, Founder, and Owner of ETFGI.
Growth in assets in the ETFs industry in the United States as of the end of July
The ETFs industry in the United States had 5,590 ETFs, assets of $15.74 Tn, from 493 providers on 3 exchanges at the end of July.
ETF issuers
The US ETF industry remains highly concentrated, with the three largest providers accounting for 70.6% of total assets under management. iShares led the market with $4.53 trillion in assets and a 28.8% market share, closely followed by Vanguard with $4.51 trillion and a 28.7% share. State Street SPDR ETFs ranked third with $2.08 trillion and a 13.2% market share. The other 490 providers each represented less than 7% of total industry assets.
Net flows
- US-listed ETFs and ETPs gathered net inflows of $193.42 billion in July 2026.
- Equity ETFs and ETPs attracted net inflows of $89.09 billion during July, bringing year-to-date inflows to $567.25 billion, more than double the $249.69 billion gathered during the same period in 2025.
- Fixed income ETFs and ETPs recorded net inflows of $30.88 billion in July, increasing year-to-date inflows to $218.05 billion, compared with $120.13 billion at the end of July 2025.
- Commodities ETFs and ETPs reported net inflows of $831.10 million in July; however, year-to-date flows remained negative at -$8.20 billion, a sharp contrast to the $22.79 billion in net inflows recorded over the same period in 2025.
- Active ETFs and ETPs continued to see strong investor demand, gathering $63.58 billion in net inflows during July and bringing year-to-date inflows to $466.79 billion, well above the $263.03 billion recorded by the end of July 2025.
- Year-to-date inflows into equity, fixed income, and active ETFs and ETPs have all surpassed the levels recorded at the end of July 2025, highlighting continued strong investor demand for these segments of the US ETF market.
Substantial inflows can be attributed to the top 20 ETF's by net new assets, which collectively gathered $111.10 Bn in July, the Vanguard S&P 500 ETF (VOO US) gathered $19.66 Bn alone.
Top 20 ETFs by net new assets July 2026: US
Substantial inflows can be attributed to the top 10 ETP's by net new assets, which collectively gathered $2.15 Bn in July, the iShares Silver Trust (SLV US) gathered $401.35 Mn alone.
Top 10 ETPs by net new assets July 2026: US
Investors have tended to invest in Equity ETFs/ETPs during July.
