Weekly ETF flows: Four out of 11 sectors record outflows; Consumer Discretionary leads with higher inflows

The world's largest exchange-traded fund, SPDR S&P 500 Trust (NYSEARCA:SPY [https://seekingalpha.com/symbol/SPY]), saw an outflow of $2.06 billion for the week ending September 05. However, the broader index tracking SPDR S&P 500 Trust (NYSEARCA:SPY [https://seekingalpha.com/symbol/SPY]) advanced 1.1% during the last week.

The bitcoin fund-Bitcoin ETF Flows iShares Bitcoin Trust Registered (IBIT [https://seekingalpha.com/symbol/IBIT]) registered an inflow of $522.16 million last week. However, Bitcoin (BTC-USD [https://seekingalpha.com/symbol/BTC-USD]) slipped nearly 1% last week. Gold SPDR Gold Shares ETF (GLD [https://seekingalpha.com/symbol/GLD]) saw an inflow of $451.94 million last week. GLD gained nearly 1.7% last week.

LAST WEEK’S INFLOWS/OUTFLOWS:

The 11 S&P 500 sector tracking ETFs, together, recorded a net inflow of about $1.47 billion last week, according to the data from etfdb.com.

The highest inflow of funds last week was seen in the Consumer Discretionary Select Sector SPDR Fund (XLY [https://seekingalpha.com/symbol/XLY]), with an inflow of $548.54 million, followed by the Financial Select Sector SPDR Fund (XLF [https://seekingalpha.com/symbol/XLF]), which saw an inflow of $435.81 million. The Consumer Staples Select Sector SPDR Fund (XLP [https://seekingalpha.com/symbol/XLP]) saw an inflow of $270.22 million last week.

Energy Select Sector SPDR Fund (XLE [https://seekingalpha.com/symbol/XLE]) led the outflow as four out of 11 sectors saw money flowing out of their respective sector wise funds. The Energy sector (XLE [https://seekingalpha.com/symbol/XLE]) saw an outflow of $182.46 million, followed by the Utilities Select Sector SPDR Fund (XLU [https://seekingalpha.com/symbol/XLU]) with $88.32 million flowing out last week. The Technology Select Sector SPDR Fund (XLK [https://seekingalpha.com/symbol/XLK]) saw an outflow of $51.15 million last week.

BREAKDOWN OF S&P 500 SECTOR FUND FLOWS:

Energy Select Sector SPDR Fund (XLE [https://seekingalpha.com/symbol/XLE]): ($182.46M)

Utilities Select Sector SPDR Fund (XLU [https://seekingalpha.com/symbol/XLU]): ($88.32M)

Technology Select Sector SPDR Fund (XLK [https://seekingalpha.com/symbol/XLK]): ($51.15M)

Industrial Select Sector SPDR Fund (XLI [https://seekingalpha.com/symbol/XLI]): ($1.52M)

Materials Select Sector SPDR Fund (XLB [https://seekingalpha.com/symbol/XLB]): $36.47M

Real Estate Select Sector SPDR Fund (XLRE [https://seekingalpha.com/symbol/XLRE]): $71.6M

Communication Services Select Sector SPDR Fund (XLC [https://seekingalpha.com/symbol/XLC]): $203.3M

Health Care Select Sector SPDR Fund (XLV [https://seekingalpha.com/symbol/XLV]): $233.18M

Consumer Staples Select Sector SPDR Fund (XLP [https://seekingalpha.com/symbol/XLP]): $270.22M

Financial Select Sector SPDR Fund (XLF [https://seekingalpha.com/symbol/XLF]): $435.81M

Consumer Discretionary Select Sector SPDR Fund (XLY [https://seekingalpha.com/symbol/XLY]): $548.54M

COMMODITIES AND BITCOIN ETF FUND FLOWS:

U.S. Oil Fund, LP ETF (USO [https://seekingalpha.com/symbol/USO]): ($30.51M)

Gold SPDR Gold Shares ETF (GLD [https://seekingalpha.com/symbol/GLD]): $451.94M

Silver iShares Silver Trust ETF (SLV [https://seekingalpha.com/symbol/SLV]): ($147.68M)

Bitcoin ETF Flows iShares Bitcoin Trust Registered (IBIT [https://seekingalpha.com/symbol/IBIT]): $522.16M

ProShares Short Bitcoin Strategy ETF (BITI [https://seekingalpha.com/symbol/BITI]): ($0.57M)

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