ETF Inflows & Outflows
Performance Leaders & Laggards
Source: ETF Action; flows and performance data as of 5/7/26; performance data excludes leveraged and inverse products
Weekly ETF Reads
U.S. ETF Monthly Summary: April 2026 Results by Lois Gregson
“In just four months U.S. ETFs have taken in $643.9 billion.”
Trump Accounts Are Here: What ETF Investors Need to Know by ETF.com
“ETFs are at the center of the plan.”
Lili Jiang on the Evolution of ETFs and the Next Wave of Portfolio Construction by Chad Petie
“The wrapper is what’s so beautiful about ETFs.”
Schwab is joining Fidelity in ‘law-of-the-jungle’ shakedown of ETFs (with Vanguard not immune) to claim up to 15% of fee-revenues, and charge investors $100-per-trade for using non-compliant ETF managers by Oisín Breen
“Even Vanguard Group, which has historically refused to pay for shelf-space on fund marketplaces has an ‘agreement’ with Fidelity.”
Word to the Wise: Don’t Fear the Securities Lender by Dave Nadig
“You should love securities lending and be happy your ETFs participate.”
Not All Total Bond Market ETFs Are the Same. Here’s What to Know. by Debbie Carlson
“Trying to define the bond market in and of itself is a challenging exercise.”
The hottest ETF since bitcoin-mania just added $1 billion in a day by Oliver Renick
“DRAM’s seen inflows every single day since launch, a 23-session streak that’s happening alongside a 70% rally in the price of the ETF.”
SpaceX is Breaking Capitalism (& Indexing) by Dave Nadig
“Index investors should be annoyed, honestly, because not one word of the above is about whether SpaceX is a good idea for you, the Nasdaq-100 ETF shareholder.”
US SEC review delays first prediction-market ETFs by Suzanne McGee
“The launches, originally expected this week, have been pushed back as the SEC seeks more information from issuers about product mechanics and disclosures.”
Why Prediction-Market ETFs Got Stuck in an SEC ‘Rain Delay’ by Mallika Mitra
“The SEC just really wants to make sure they’re comfortable because once you’re in an ETF wrapper, you’re ready for middle America.”
Crypto ETF boom continues with debut of first fund to track Canton by Sarah Wynn
“Major firms like Goldman Sachs, Microsoft, and DTCC back the chain’s primary developer, Digital Asset.”
ETF Posts of the Week
This past week, Corgi Funds launched 34 ETFs. You read that correctly. 34 ETFs, adding to the five already offered by the firm. Corgi is a new player in the ETF arena, and its strategy is clear: to undercut the market on fees in both the buffer and thematic ETF categories. And it looks like the firm is just getting started. Corgi has hundreds of additional ETF filings with the SEC.
How are they able to expand this aggressively? As Sumit Roy of ETF.com explained:
“Corgi is taking it to the next level using a playbook familiar to the tech industry but maybe not so much to the ETF industry: using VC funding to undercut competitors and take over a market. On Wednesday, the same day it launched 34 ETFs, it announced that it raised $160 million of Series B funding at a $1.3 billion valuation. Previously, the company had raised $108 million across Series A and seed rounds.”
A VC-backed ETF spaghetti cannon!
34 ETFs tomorrow from @CorgiFunds. They're just full Vanguarding the thematic/buffers space. $MAGS to $DRNZ to $UFO, the Dollar Store Spaghetti Cannon is firing! The Terrordome is good for investors. (Not all clean comps, but …) cc: @EricBalchunas @Todd_Sohn @MstarBenJohnson pic.twitter.com/9wieOUyf3O
— Dave Nadig (@DaveNadig) May 5, 2026
ETF Chart of the Week
This is obviously a table, not a chart, but it’s an extremely relevant one given the upcoming SpaceX IPO and the recent release of never-before-seen UFO files by the Department of War. The Procure Space ETF (UFO) has seen assets surge from $50 million to more than $750 million over the past year, while the ETF itself is up 135%. Other issuers are now jumping into the category, hoping to position their products ahead of a potential SpaceX public offering.
VanEck actually launched the VanEck Space ETF (WARP) last week, which isn’t reflected below – that’s how quickly competition is entering the category. As Nick Frasse, Product Manager with VanEck, said:
“Space is becoming a distinct and investable theme, supported by powerful long-term growth drivers. The economics of space are changing rapidly, allowing for a growing universe of investible companies with meaningful commercial exposure.”
This category is clearly taking off (sorry).
(Note: Andrew Chanin, CEO of ProcureAM, will join me on next week’s ETF Prime to discuss UFO, growing competition in the space-themed ETF category, and the broader investment opportunity in the space economy.)
Source: Strategas’ Todd Sohn
ETF Prime Podcast
Last week’s ETF Prime featured Kirsten Chang, Senior Industry Analyst at VettaFi, and Adam Schenck, Principal and Managing Director at Milliman Financial Risk Management. Kirsten covered a wave of recent ETF launches, including funds targeting AI infrastructure, space exploration, and crypto (nice read here as well). Adam addressed the growing challenge of healthcare affordability and introduced two first-of-their-kind ETFs: the Milliman Healthcare Inflation Guard ETF (MHIG) and the Milliman Healthcare Inflation Plus ETF (MHIP).
Crypto Prime Podcast
Sal Gilbertie, CEO of Teucrium, joined me on last week’s Crypto Prime to spotlight the recently launched Teucrium 2x Long Daily BNB ETF (XBNB) – the first U.S.-listed ETF to offer exposure to the price movements of BNB, one of the world’s largest crypto assets. Sal also discussed the firm’s 2x Long Daily XRP ETF (XXRP) and explained how Teucrium supports other firms’ crypto ETF initiatives.
