iShares Ultra Short-Term Bond ETF Price & Performance (ICSH)

ETF inflows slowed to just $2.9 billion last week, with short-term bond funds such as BIL, SHV, and SGOV dominating new investments. U.S. equity ETFs saw $6.6 billion in outflows as investors sought safety amid heightened volatility and warnings from the Federal Reserve, signaling a defensive turn in sentiment.12

The SPDR S&P 500 ETF Trust (SPY) attracted $5.1 billion in new capital on Monday, even as the Dow plunged 972 points. Meanwhile, tech-focused funds like QQQ and SMH experienced significant outflows, reflecting investor caution. Gold ETFs also saw notable demand as prices reached record highs above $3,400 per ounce.3

Ultra-short-term bond ETFs, including SGOV and BIL, have collectively drawn $27 billion in 2025, making up a quarter of all fixed-income ETF inflows. While longer-duration Treasury funds like GOVT and TLT saw outflows, investor demand remains strong for cash-like, low-risk vehicles as uncertainty persists.45