Significant ETF Withdrawals from SPY and FDNI

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The SPDR S&P 500 ETF Trust (SPY) experienced a significant outflow of 31,900,000 units, marking a 3.0% decrease week over week. This decline occurred amidst mixed trading performances of major components, with Nvidia increasing about 1.5% and Apple rising by 0.2%.

The First Trust Dow Jones International Internet ETF (FDNI) saw the largest percentage drop, as it lost 1,000,000 units, equivalent to a 40.0% decline compared to the previous week. In morning trading, key components like PDD rose by 2% and Spotify Technology increased by 0.3%.

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