Weekly ETFs: Seven of 11 sectors record outflows; Technology sector leads inflows

The world's largest exchange-traded fund, SPDR S&P 500 ETF Trust SPY, saw outflows of $6.98B for the week ended November 6, while its price performance decreased by 2.24% during the period.

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The world's largest exchange-traded fund, SPDR S&P 500 ETF Trust SPY, saw outflows of $6.98B for the week ended November 6, while its price performance decreased by 2.24% during the period.

iShares Bitcoin Trust ETF IBIT saw outflows of $1.21BM last week, while the Bitcoin BTCUSD price slipped by 2.03%. Meanwhile, ProShares Short Bitcoin Strategy ETF BITI recorded outflows of $3.62M during the same period.

On the other hand, SPDR Gold Shares ETF GLD posted inflows totaling $259.81M last week, while its price performance lost 3.01%. Meanwhile, iShares Silver Trust ETF SLV recorded outflows of $95.00M during the week.

Last week’s inflows/outflows:

The 11 S&P 500 sector-tracking ETFs collectively recorded net outflows of about $2.15B last week, according to the data from ETF Db.

The largest sector outflows were led by the Communication Services Select Sector SPDR Fund XLC, which recorded $909.14M in outflows, followed by the Consumer Staples Select Sector SPDR Fund XLP with $897.61M in outflows and the Financial Select Sector SPDR Fund XLF with $797.16M in outflows.

On the contrary, the biggest inflows were seen in the Technology Select Sector SPDR Fund XLK, totaling $1.37B, followed by the Health Care Select Sector SPDR Fund XLV with $430.81M in inflows and the Materials Select Sector SPDR Fund XLB with $193.64M in inflows. Only four sectors recorded inflows during the week.

Breakdown of S&P 500 sector fund flows:

Name of Fund

Ticker

Flows ($M)

Technology Select Sector SPDR Fund

XLK

$1,370.00

Health Care Select Sector SPDR Fund

XLV

$430.81

Materials Select Sector SPDR Fund

XLB