US equity ETFs have experienced substantial inflows in recent weeks, driven by renewed investor confidence and a Wall Street rally. Major ETFs such as the SPDR S&P 500 ETF Trust (SPY) and Vanguard S&P 500 ETF (VOO) saw inflows of $4.3 billion and $2.8 billion respectively over the past seven days, with VOO alone attracting $21 billion in April and $60 billion year-to-date. Other notable ETFs with strong inflows include the iShares Russell 2000 ETF (IWM) and Invesco QQQ Trust (QQQ), which saw $1.7 billion and $3.5 billion inflows respectively. Hedge funds have been actively covering short positions at the fastest pace since 2022, contributing to the market momentum. Foreign investors have also returned to US stocks, with net inflows of approximately $1.5 billion over the last month, reversing a $5 billion outflow earlier in April. Sector rotations within US equities show increased interest in High Yield and Mid Cap sectors, while outflows are observed in broad market and treasury ETFs such as Vanguard Long-Term Corporate Bond ETF (VCLT) and iShares 20+ Year Treasury Bond ETF (TLT). Leveraged ETFs have recorded their largest monthly inflows since 2020, with speculative bets on technology, gold, and artificial intelligence heating up. Bank of America reported a $19.8 billion inflow into US equities, the first in five weeks, while Europe is on track for its biggest yearly inflow since 2015. Gold and US stocks are set for record annual inflows amid optimism over trade and easing inflation pressures. Meanwhile, small caps and real estate sectors have seen lower inflows compared to large caps and gold.