U.S. ETF assets under management increased for June to $11.5 trillion. Monthly inflows rose 17% from May to $102.7 billion, bringing the year-to-date total to $566.4 billion. In June 111 ETFs launched, double the amount in May.
U.S. listed ETF flows (in millions) as of June 30, 2025
Total ETF inflows for June reached $102.7 billion, continuing their recovery after April’s lows.
Equities flows rose 29% to $57 billion in June from $44.3 billion in May.
Inflows for fixed income decreased 16.3% to $32 billion from $38 billion.
Commodity ETFs gained $6.7 billion this month after May’s outflows of $1.8 billion.
After losing $42 million in May, alternative funds took in $435 million in June.
Technology, Consumer Discretionary, and Communication Services again demonstrated strength, offset by outflows from the Financials, Health Care, and Energy sectors.
June had a total of 111 ETFs launched, more than double of previous month’s 52 funds. Equity comprised 73% of launches with 81 new funds. The trend we’ve seen in fund management style continues with 93 funds (84% of new funds) actively managed, including three mutual funds converting to the ETF structure:
TCW Core Plus Bond ETF (FIXT)
FT Confluence BDC & Specialty Finance Income ETF (FBDC)
JPMorgan Ultra-Short Income ETF (JMTG)
The first half of 2025 ended with 481 ETF launches, 68% higher than the first half of 2024 with just 287.
Below are only a few of the notable launches in June:
Bluemonte introduced their ETF suite of nine actively managed ETFs providing equity, fixed income, and asset allocation exposure.
The Free Markets ETF (FMKT) holds U.S. stocks believed best positioned to benefit from regulatory shifts.
Hilton BDC Corporate Bond ETF (HBDC) is the first ETF focusing on debt issued by U.S. business development companies.
COtwo Advisors Physical European Carbon Allowance Trust (CTWO) provides exposure to the price of EU carbon allowances. It holds physical EUAs in the EU registry, allowing investors to track carbon prices via shares, minus fees and expenses.
In June, eight issuers launched a total of 23 ETFs providing exposure to single stocks. Given ETFs are mostly known for holding a diverse basket of securities, single-stock exposure is a different approach. European ETF issuers introduced these products in 2018. It was not until 2022 that AXS Investments launched similar products in the U.S.
Single-stock ETFs typically focus on high-profile companies. Tesla leads the way as the stock pick for issuers with 14 ETFs (7 leveraged and 5 inverse), followed by NVIDIA with 12 and MicroStrategy with 10. Other favorites include Apple, Coinbase, Palantir Technologies, Amazon, Microsoft, and Netflix.
Initial versions of these funds typically seek leveraged and/or inverse positions. Geared products enable investors to make bullish or bearish bets on a stock’s performance by using derivatives to amplify its daily price movement (2x, -2x, 3x). Magnifying returns also means equally amplifying losses. Daily resets create path dependency, which results in unpredictable multiples for longer holding periods.
Another common approach to single-stock investing employs synthetic covered call strategies. We see this with YieldMax MSTR Option Income Strategy ETF (MSTY), a fund that seeks monthly income while providing exposure to MicroStrategy’s stock price via options. The fund sells call options, thereby generating income but also limiting participation in potential gains. The short put positions also fully expose investors to the stock’s downside.
While 75% of single-stock funds are straightforward geared products, some issuers are now taking different approaches. On January 7 of this year, Precidian Investments introduced BP p.l.c. ADRhedged (BPH) that invests in BP p.l.c. and hedges currency risk. In March, Toroso released four ETFs (APED, LAYS, SPCY, and ZIPP) with double-stacked stock strategies targeting 100% exposure to two companies each. There are currently 50 active, non-geared, single-stock ETFs listed in our database
Unlike traditional pooled ETFs that diversify risk and therefore dampen volatility, single-security ETFs amplify volatility. Therefore, these funds work better for aggressive and experienced investors with high conviction and a clear, predefined entry and exit strategy.
Top single-stock ETFs by YTD flows
Top single-stock issuers by YTD Flows
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