Recent data on U.S. exchange-traded funds (ETFs) indicates a notable shift in investment patterns. Inflows have been observed in the Investment Grade and Large Cap sectors, while Treasury and Financials are experiencing outflows. Over the past week, the largest inflows were recorded in the Vanguard S&P 500 ETF ($VOO) with $4.2 billion, followed by the Invesco QQQ Trust ($QQQ) with $2.6 billion and the SPDR S&P 500 ETF ($SPY) at $2.3 billion. Conversely, the iShares Russell 2000 ETF ($IWM) and the iShares 20+ Year Treasury Bond ETF ($TLT) saw outflows of $2.3 billion and $3.1 billion, respectively. In February, the SPDR S&P 500 ETF led all ETFs with $14.6 billion in inflows, while the Vanguard S&P 500 ETF remains the year-to-date leader with $28.5 billion. Additionally, international ETFs experienced a surge in inflows, totaling $15.4 billion, more than doubling January's $6.5 billion as investors seek returns outside the U.S. Amid these trends, U.S.-listed ETFs reported total assets under management of $10.6 trillion at the end of February.