US-listed exchange-traded funds have pulled in roughly $1.2 trillion in net inflows year-to-date through July 2026, shattering every previous record for this point in the calendar year. To put that number in perspective, the entire year of 2025 set the all-time annual record at $1.5 trillion, and we’re not even through summer yet.

According to data from State Street Investment Management, ETFs are currently absorbing an average of $5.7 billion per day. That’s a 40% jump over the daily average from the prior year.

July was a monster month

July alone accounted for approximately $189 to $193 billion in inflows, making it one of the strongest single months on record for the ETF industry. Equity ETFs captured roughly 65% of that monthly haul, with large-cap stocks, S&P 500 index products, and international equities leading the charge. Thematic plays around semiconductors and artificial intelligence were particularly popular.

Fixed-income ETFs attracted more than $51 billion during July and have now accumulated over $371 billion in year-to-date inflows.