ETFGI Reports The ETFs Industry In The US Has Gathered A Record US$360.89 Billion Of Net Inflows In The First 4 Months Of 2025

ETFGI, a leading independent research and consultancy firm renowned for its expertise in subscription research, consulting services, events, and ETF TV on global ETF industry trends, reported today that the ETFs industry in the US has gathered a record US$360.89 billion of net inflows in the first 4 months of 2025, according to ETFGI's April 2025 US ETFs and ETPs industry landscape insights report, the monthly report which is part of an annual paid-for research subscription service. (All dollar values in USD unless otherwise noted.)

Highlights

• Record net inflows of $360.89 Bn in the first 4 months of 2025, followed by net inflows of $329.01 Bn the first 4 months of 2021 and the third highest net inflows for the first 4 months of a year was $267.60 Bn in 2024.
• Net inflows of $62.90 Bn in April.
• 36th month of consecutive net inflows.
• Assets of $10.46 Tn invested in the ETFs industry in the United States at the end of April which are the fourth highest on record, below the record high assets of $10.73 Tn in January 2025.

“The S&P 500 index was down 0.68% in April and is down 4.92% YTD in 2025. The developed markets excluding the US index was up 4.86% in April and is up 10.85% YTD in 2025. Spain (up 8.65%) and Portugal (up 7.67%) saw the largest increases amongst the developed markets in April. The emerging markets index increased by 0.88% during April and is up 1.80% YTD in 2025. Hungary (up 10.78%) and Mexico (up 10.40%) saw the largest increases amongst emerging markets in April,” 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 April

The ETFs industry in the United States has 4,197 products, assets of US$10.46 Tn, from 387 providers listed on 3 exchanges at the end of April.

During April, ETFs gathered net inflows of $62.90 Bn. Equity ETFs gathered net inflows of $15.45 Bn during the month, bringing YTD net inflows to $123.98 Bn, higher than the $112.59 Bn in YTD net inflows in 2024. Fixed income ETFs reported net inflows of $11.43 Bn during April, bringing YTD net inflows to $68.09 Bn, higher than the $37.97 Bn in net inflows YTD in 2024. Commodities ETFs reported net inflows of $4.01 Bn during April, bringing YTD net inflows to $15.75 Bn, higher than the $4.60 Bn in net outflows YTD in 2024. Active ETFs attracted net inflows of $22.17 Bn during the month, gathering YTD net inflows of $142.95 Bn, much higher than the $85.81 Bn in net YTD in 2024.

Substantial inflows can be attributed to the top 20 ETF‘s by net new assets, which collectively gathered $75.73 Bn in April. Vanguard S&P 500 ETF (VOO US) gathered $20.88 Bn, the largest individual net inflow.

Top 20 ETFs by net new assets April 2025: US

The top 10 ETPs by net assets collectively gathered $904.89 Mn during April. MicroSectors FANG+ 3X Leveraged ETN (FNGB US) gathered $193.21 Mn, the largest individual net inflow.

Top 10 ETPs by net new assets April 2025: US

 Investors have tended to invest in Active ETFs/ETPs during April.