According to The Kobeissi Letter, US ETFs have taken in $825 billion in net inflows year-to-date, putting 2025 on pace to surpass the $1.1 trillion record set in 2024 (source: The Kobeissi Letter, X, Sep 15, 2025). According to The Kobeissi Letter, equity ETFs have attracted $475 billion and account for the vast majority of inflows, highlighting sustained demand for stock exposure (source: The Kobeissi Letter, X, Sep 15, 2025). According to The Kobeissi Letter, ETF inflows reached $543 billion in the first half of 2025, marking the highest first-half total on record (source: The Kobeissi Letter, X, Sep 15, 2025). According to The Kobeissi Letter, investors added over $120 billion to ETFs last month, led by large equity and bond funds (source: The Kobeissi Letter, X, Sep 15, 2025). According to The Kobeissi Letter, the source did not cite BTC, ETH, or crypto ETF flow data, and provided no direct cryptocurrency market implications (source: The Kobeissi Letter, X, Sep 15, 2025).

According to @psarofagis, $BIL has significantly outperformed $AGG over the past five and ten years, offering similar yields with less risk, as confirmed by increasing fund flows into $BIL (source: Eric Balchunas on Twitter, May 7, 2025). With current interest rates, traders are shifting from $AGG to $BIL for fixed-income exposure in 60/40 portfolios. This defensive move reduces risk and liquidity concerns, which can drive more capital into risk assets, including cryptocurrencies, as traditional bond allocations become less attractive. Crypto traders should watch for increased flows into crypto as investors seek higher returns outside traditional fixed income.