Dow Jones ETF Leads Daily Inflows as U.S. Equity Funds Attract New Capital

New York, Feb. 10, 2026 – Fresh money funneled into exchange-traded funds totaled roughly $10 billion on Tuesday, with the SPDR Dow Jones Industrial Average ETF Trust taking the largest share of the day’s subscriptions, according to early-morning flow figures.

The Dow-tracking fund, trading under ticker DIA, recorded $1.85 billion in net creations, lifting its assets under management to $45.95 billion. The inflow represents a 4.04 percent increase in asset size in a single session and underscores renewed investor interest in the 30-stock blue-chip benchmark.

The second-largest net creation was logged by the Invesco S&P 500 Equal Weight ETF (RSP), which gathered $1.31 billion. That allocation lifted RSP’s asset base to $86.21 billion, a 1.52 percent day-over-day gain. The fund’s equal-weighted approach, which gives identical importance to every S&P 500 constituent, has attracted investors seeking to diversify away from the index’s concentration in mega-cap technology stocks.

Among international offerings, the SPDR Portfolio Developed World ex-US ETF (SPDW) collected $834 million, pushing its assets to nearly $37 billion. The Vanguard S&P 500 ETF (VOO) and the VanEck Semiconductor ETF (SMH) rounded out the top five creations, bringing in $832 million and $803 million, respectively.

Leading Redemptions Highlight Large-Cap Rotations

Not all flagship products attracted fresh capital. The SPDR S&P 500 ETF Trust (SPY) experienced the heaviest selling, posting $1.28 billion in net redemptions. Despite the outflow, SPY remains one of the industry’s largest funds with $706.46 billion in assets, and the decline represented only 0.18 percent of its total size.

Two other broad S&P 500 trackers—IVV from iShares and VXF from Vanguard, which targets the extended market—saw notable withdrawals of $937 million and $599 million, respectively. Technology-oriented products also faced pressure: the Invesco QQQ Trust (QQQ) recorded a $488 million outflow, while the leveraged Direxion Daily Semiconductor Bull 3x Shares (SOXL) shed $476 million.

Smaller redemptions were observed in China internet, utilities and quality-factor strategies, indicating a modest, but broad, rotation out of select sector and factor themes.

Asset-Class Snapshot

Across asset classes, U.S. equity ETFs captured the largest net dollar amount, pulling in $1.80 billion. However, the group’s daily haul equaled only 0.02 percent of its massive $8.40 trillion asset base.

International equity funds brought in a larger share relative to their size, adding $3.35 billion, or 0.13 percent of assets. International fixed income vehicles posted the strongest proportional gain, with $1.37 billion of net inflows amounting to 0.35 percent of the segment’s $391.59 billion in assets.

Commodities ETFs, led by GLD and its $545 million inflow, attracted a net $691 million, equivalent to 0.18 percent of the group’s assets. Currency funds brought in $375 million, while alternative strategies and inverse products each drew roughly $144 million.

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Leveraged ETFs were the only category to finish in the red, with net outflows of $265 million, or 0.18 percent of the segment’s $146.17 billion in assets.

Context Behind the Flows

The sizable move into DIA follows a stretch of outperformance by the Dow Jones Industrial Average relative to the tech-heavy Nasdaq Composite. Market participants have been reassessing valuations in large-cap growth shares after several quarters of strong gains. Meanwhile, industrial, financial and consumer-staples names—sectors that carry more weight in the Dow—have benefited from expectations of moderating interest-rate cuts and resilient consumer spending.

Analysts also point to rising demand for equal-weight strategies such as RSP amid concerns that the traditional S&P 500 has become overly reliant on a handful of mega-cap constituents. By equalizing exposure, investors aim to reduce idiosyncratic risk and capture potential catch-up performance from smaller components within the index.

In fixed income, appetite for Treasury Inflation-Protected Securities (TIPS) at the shorter end of the curve boosted the iShares 0–5 Year TIPS Bond ETF (STIP) by $375 million. The move comes as market-based inflation expectations hover near the Federal Reserve’s 2 percent target, prompting investors to hedge against the possibility of renewed price pressures later in the year.

The broad inflows into commodity and currency funds align with a pick-up in market volatility early in the week. Gold, often viewed as a safe-haven asset, benefitted from geopolitical headlines and a softer U.S. dollar. For background on gold’s historical role during uncertain periods, the U.S. Mint provides historical data on bullion demand.

Total Market Picture

The aggregate net inflow of $10.04 billion represented approximately 0.07 percent of the U.S. ETF industry’s $14.03 trillion in assets. While the figure does not mark an outlier by historical standards, it reflects a steady pace of allocations that has characterized the market since the beginning of the year.

Trading desks note that much of the day’s turnover involved portfolio rebalancing rather than directional macro bets. Funds tracking popular benchmarks frequently serve as vehicles for institutional investors to fine-tune exposure between scheduled reallocation dates. In addition, the gradual pickup in primary-market creations indicates that demand for equity exposure remains intact despite intermittent profit-taking.

Crédito da imagem: Pixabay