ETFGI reports that the US ETF industry gathered a record $1.23 trillion in year-to-date net inflows through the end of July. During the seventh month of the year, the sector recorded net inflows of $193.42 billion, pushing cumulative net inflows to $1.23 trillion, according to the July 2026 US ETF and ETP industry insights report.
Total assets invested in the US ETF sector stood at $15.74 trillion at the end of July, remaining just below the all-time high of $15.78 trillion set in June 2026. Despite this slight monthly pause, industry assets show vigorous growth of 17.3% so far this year, rebounding strongly from the $13.43 trillion recorded at the end of 2025.
This sustained growth is backed by $193.42 billion in net inflows achieved in the month of July alone. Thus, year-to-date net inflows in 2026 set a new historical ceiling at $1.23 trillion, far surpassing previous record high points ($678.42 billion in 2025 and $577.19 billion in 2024). In this way, the market continues its streak, marking its 51st consecutive month of positive net inflows.
Analyzing capital movements and industry trends in detail, US-listed ETFs and ETPs confirmed the market’s excellent momentum by gathering the aforementioned $193.42 billion in July 2026. The balance visibly tilted toward equity: equity ETFs and ETPs attracted $89.09 billion during the month, propelling the year-to-date inflows to an impressive $567.25 billion, more than double the $249.69 billion this segment registered at the same point in 2025. Fixed income products also showed solid performance, recording net inflows of $30.88 billion in July, which increases the annual cumulative total to $218.05 billion, well above the $120.13 billion from the previous year.
These movements occurred against the backdrop of a boom in developed markets. “The S&P 500 slipped a slight 0.06% in July, but maintains a 10.14% gain so far in 2026. Developed markets excluding the US advanced 0.30% during the month and accumulate a 14.62% rise for the year, with Luxembourg (+12.10%) and Norway (+9.93%) posting the largest gains in their category. Meanwhile, emerging markets fell 0.33% in July, but retain an annual advance of 9.40%, a group where Taiwan (-7.80%) and Turkey (-5.91%) led the steepest declines,” noted Deborah Fuhr, Managing Partner, Founder, and Owner of ETFGI, in a press release.
At the industry level, the structure of the US ETF market continues to be characterized by extremely high concentration, where the top three managers account for 70.6% of total assets under management. In this competitive environment, the offering continues to expand: 169 providers have introduced 889 new ETFs to the market so far this fiscal year, compared to 186 funds that have been liquidated.
At the end of July, the local industry consisted of 5,590 ETFs and an asset volume of $15.74 trillion, distributed among 493 providers across three different exchanges. iShares remained at the forefront of the market with $4.53 trillion under management and a 28.8% market share, closely trailed by Vanguard with $4.51 trillion and a 28.7% penetration rate. State Street SPDR ETFs holds a distant third place with $2.08 trillion and a 13.2% market share. The remaining 490 asset managers divide the rest of the market share, with none individually reaching 7% of industry assets.
