Significant ETF Withdrawals Impacting SPY and RDTY

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The State Street SPDR S&P 500 ETF Trust (SPY) experienced a significant outflow of 24,600,000 units, reflecting a 2.3% decrease week over week. This decline was observed within the broader spectrum of ETFs monitored by ETF Channel. Concurrently, major components of SPY, Nvidia (NVDA) and Apple (AAPL), both saw minor gains of approximately 0.3% during morning trading.

On a percentage basis, the YieldMax Russell 2000 0DTE Covered Call Strategy ETF (RDTY) faced the largest outflow, losing 325,000 units. This represented a substantial 38.2% decline in outstanding units compared to the previous week.

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