> ## Documentation Index
> Fetch the complete documentation index at: https://auramarkets.mintlify.site/llms.txt
> Use this file to discover all available pages before exploring further.

# Fund Flows

> Where the money is actually moving — daily ETF creations and redemptions, computed from primary issuer data, with decades of history behind every number.

The [Fund Flows page](https://auramarkets.io/flows) (nav: **Markets → Fund Flows**) tracks net money moving into and out of ETFs — the hot thematic funds up top, then the whole cross-section: asset classes, sectors, regions, and crypto.

Unlike price, flow is a *decision*: someone chose to add or pull capital. auramarkets computes it from the primary source — **daily shares outstanding × NAV from the issuers themselves** (iShares, State Street, VanEck), which is exact to the creation unit. Funds whose issuers don't publish daily share counts use FactSet-derived series instead, and each fund's card says which it is.

## The read

A verdict line and three labeled lanes summarize the tape in ten seconds:

* **HOT** — the strongest flow in the hot-money tier, plus how much the semis/AI complex as a whole has absorbed over 13 weeks
* **TAPE** — divergence patterns: *exhaustion* (heavy buying into falling prices) and *capitulation* (outflows persisting after a deep drawdown)
* **BROAD** — equity-fund vs bond-fund flows, the classic risk-appetite gauge

<Note>
  Flow signals mean different things at different horizons, and the page is deliberate about this: short-window numbers (1 day to 1 month) are described, not editorialized — the research says short-term flow *follows* returns and continues. Only the slow, cumulated reads (13 weeks to a year of money piling into one theme) carry a cautionary tone, because that's the horizon where crowding has historically mattered.
</Note>

## Hot Money

Tiles for the theme funds that matter right now — semis (SOXX, SMH, SOXL), software (IGV), memory (DRAM), tech (XLK), and the mega-cap complex (QQQ, MAGS). Each shows the 1-month flow as a percent of assets, a year of weekly history as a sparkline, and flags when they're earned:

* **z-chip** — this fund's current flow is unusually large vs its own history
* **EXHAUSTION / CAPITULATION** badges — the flow/price divergence patterns
* **synthetic** — DRAM holds swaps and T-bills rather than only physical shares, so its flows behave differently

## The flows table

Every tracked fund, grouped by tier, across the house timeframes: **1D · 1W · 1M · YTD · 1Y**, plus **Zσ** (the 1-month flow vs that fund's own flow history — heat past ±2σ), \*\*YTD $· AUM**. Percentages are *organic growth rates* — flow relative to the fund's assets at the window start — because a$1B flow means something entirely different to a $20B fund than to a $800B one. The strongest and weakest two in each column are tinted. Click any column to sort; click any row for that fund's full weekly flow history as a chart.

## Movers, crypto, and history

* **Movers** — the five biggest dollar inflows and outflows of the past four weeks, as diverging bars
* **Crypto** — the Bitcoin and Ethereum spot-ETF complex, per issuer, daily (source: Farside Investors), with cumulative totals since launch
* **History** — every fund chart reaches back as far as its issuer's records go: SPY and the sector funds to 2006, the major iShares funds to their inceptions around 2000–2002, SMH to 2011

## Where the numbers come from

| Layer                                     | Source                     | Nature                                      |
| ----------------------------------------- | -------------------------- | ------------------------------------------- |
| iShares funds (SOXX, IGV, IVV, TLT, HYG…) | BlackRock daily records    | exact shares outstanding, back to inception |
| SPDR funds (SPY, sectors, GLD)            | State Street daily records | exact shares outstanding, back to 2006      |
| SMH                                       | VanEck daily records       | derived from AUM and NAV, back to 2011      |
| QQQ, MAGS, DRAM, SOXL, VOO                | FactSet-derived series     | daily net flows, \~11 years                 |
| Bitcoin / Ethereum ETFs                   | Farside Investors          | per-issuer daily, since launch              |

Data refreshes several times a day as issuers post their files (typically next-morning for the prior session). A handful of data-quality guards run automatically — share-count jumps from fund splits are excluded (a split doubles shares without moving a dollar), and issuer misprints are cross-checked against published assets.