Technology and S&P 500 Lead Weekly ETF Capital Inflows

Capital flows into exchange-traded funds remained heavily concentrated in large-cap equities and digital assets last week, with the technology sector emerging as the primary driver of new investment. The data reflects a persistent risk-on sentiment among market participants, as broad-market benchmarks continued to attract liquidity. While the majority of the 11 tracked sectors saw growth, four sectors recorded net outflows, indicating a selective approach to sector allocation. Leading the charge, the SPDR S&P 500 Trust (SPY) saw inflows of $12.38 billion for the week ending April 10. This surge in capital coincided with a price increase of 3.12% for the fund, underscoring strong momentum in the benchmark index. Digital assets also maintained positive momentum. The iShares Bitcoin Trust ETF (IBIT) attracted $471.46 million in new inflows during the same period, signaling continued institutional and retail interest in cryptocurrency exposure. This concentration of capital suggests a narrowing of market breadth, where a handful of high-performing sectors and indices continue to capture the bulk of available liquidity while other areas of the market lag behind.