Record money floods into US equity ETFs. Mark proves that fundamentals don’t always matter.

US fund inflows are skyrocketing:

US equity ETFs have attracted a record +$400 billion over the last 3 months.

Inflows have doubled since August 2025 and now exceed the April 2021 high by +$177 billion.

January inflows into these funds are now running at 5 TIMES the average rate.

Meanwhile, leveraged-long ETFs now hold $145 billion in assets, an all-time high, while funds betting on market declines own just $12 billion.

As a result, bullish leveraged bets now outweigh bearish ones by 12 to 1, the highest on record.

Risk appetite is through the roof.

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