According to Eric Balchunas, ETFs took in a record $1.48 trillion in 2025, roughly $6 billion per day and 28% above last year’s record; he added that VOO led with $138 billion in net inflows, 18% above its prior record, and 3,525 ETFs, or 72% of the total, posted net inflows based on his final leaderboard update on X (source: Eric Balchunas, Jan 2, 2026).

According to The Kobeissi Letter, US-listed ETFs have recorded $1.4 trillion in net inflows so far in 2025, setting a new record. Source: The Kobeissi Letter. This already exceeds the previous full-year record by $300 billion and is more than double the 2023 total. Source: The Kobeissi Letter. ETF trading volume is up, per the same update. Source: The Kobeissi Letter. The source did not provide a breakdown by category, including crypto ETFs, so no crypto-specific impact can be quantified from this data. Source: The Kobeissi Letter.

According to Eric Balchunas, ETF investors kept buying through last week, October was a record month for inflows, and 2025 year-to-date ETF inflows have already set a new annual record of $1.15 trillion with six weeks remaining (source: Eric Balchunas on X, Nov 11, 2025). He characterized the backdrop as bulls buying their way to all-time highs, underscoring strong flow-driven momentum (source: Eric Balchunas on X, Nov 11, 2025). For trading, monitor weekly and monthly ETF net flow prints as a high-frequency risk appetite gauge that can inform positioning across equities and digital assets (source: Eric Balchunas on X, Nov 11, 2025).