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 @KobeissiLetter, investors are piling into equity ETFs at a record pace led by the Vanguard S&P 500 ETF VOO. According to @KobeissiLetter, VOO saw 40.5 billion of inflows last week, the largest weekly intake this year. According to @KobeissiLetter, VOO’s year-to-date net inflows hit 163.7 billion, the largest on record for a single ETF, underscoring risk-on sentiment in US equities.

According to Eric Balchunas, US ETF flows have reached $400 billion so far in 2024, averaging a remarkable $4.4 billion per day. Nearly half of these inflows are directed at US equities, with $VOO alone pulling in $60 billion and projected to hit $164 billion by year-end, 60% ahead of last year's record (source: Eric Balchunas on Twitter, May 15, 2025). This substantial capital allocation to traditional equities signals strong investor confidence in traditional markets, potentially diverting liquidity from cryptocurrencies and impacting short-term crypto market sentiment.

According to Eric Balchunas, the 'Safety Dance Index,' which tracks flows into gold, treasuries, and low volatility stocks, has hit one of its highest readings in April 2025, indicating increased nervousness in ETF flows. Despite this, funds like VOO continue to see substantial cash inflows, suggesting investors are dollar-cost averaging and adding to their portfolios.