BREAKING: US-listed ETF assets under management (AUM) are up to a record $15.6 trillion. AUM in US-listed ETFs has doubled over the last 30 months. Investors have allocated more than +$1 trillion to these funds year-to-date, nearly doubling the previous record for the same period, set in 2025. This puts the industry on track to exceed +$2 trillion in annual inflows for the first time in history, 33% above last year's all-time high. In June alone, ETFs attracted +$193 billion, the 2nd-largest monthly inflow on record. This was particularly driven by demand for US mega-caps, semiconductor, AI, and South Korea-related funds. The US ETF boom is accelerating.(The Kobeissi Letter)