US ETFs collected a record $1 trillion in the first half of the year, bringing total assets to $15.8 trillion, while mutual funds continue to hemorrhage capital due to less favorable tax treatment. According to JPMorgan, artificial intelligence now ranks among the top 5 themes by assets under management, pulling in adjacent themes like robotics, cybersecurity, and semiconductors. Spot Bitcoin ETFs suffered a record monthly outflow of $4.06 billion in June, with assets falling below $83 billion. Meanwhile, HYPE ETFs backed by the Hyperliquid token logged eight consecutive weeks of inflows, totaling $161 million in June, signaling a rotation toward alternative crypto assets.
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