NVD, SETH: Big ETF Outflows
August 01, 2024 at 16:55 PM EDT
Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the NVD ETF, where 10,240,000 units were destroyed, or a 31.5% decrease week over week. And on a percentage change basis, the ETF with the biggest outflow was the ProShares 404, which lost 70,000 of its units, representing a 33.3% decline in outstanding units compared to the week prior.