BREAKING: The S&P 500 ETF, VOO, has officially become the first ETF in history to surpass $1 trillion in assets under management (AUM). VOO has attracted +$69 billion in total inflows so far in 2026, on track for the largest annual intake since the fund’s inception in 2010. This follows +$118 billion and +$138 billion recorded in 2024 and 2025, respectively. Since the 2022 bear market, this fund’s AUM has more than TRIPLED. By comparison, the AUM of S&P 500 ETFs, IVV and SPY, rose to ~$860 billion and ~$785 billion, respectively. To put this into perspective, global ETF AUM stood at $21.9 trillion at the end of April, more than 3 times the $6.4 trillion held at the start of 2020, following 83 consecutive monthly inflows. ETF investing has never been more popular.(The Kobeissi Letter)