Despite NVDA Rout, Investors Have Poured In $37.5B In US Stock ETFs In 5 Days – Here’s Where The Money Went

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Investors are pouring billions into the U.S. stock markets despite a turbulent week on Wall Street, which suggests that the latest bout of volatility has not dampened the dip-buying appetite. According to The Kobeissi Letter, investors are buying the dip in U.S. equity exchange-traded funds at an "unprecedented pace," with the 10 major U.S. equity ETFs having attracted over $37.5 billion over five trading days ending Tuesday.

And this comes amid Nvidia Corp.'s (NVDA) CEO scandal, which has dragged the stock nearly 11% lower this week alone.

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In a post on X, the market commentator noted that the Vanguard S&P 500 ETF (VOO) attracted more than $16.9 billion in inflows over five trading days ending Nov. 10, the most among major U.S. equity ETFs.

This was followed by the Nasdaq 100 ETF Invesco QQQ Trust, Series 1 (QQQ), and the Vanguard Morningstar Total Stock Mkt ETF (VTI), which attracted over $5.3 billion and $3.3 billion, respectively.

The State Street SPDR Portfolio S&P 500 ETF (SPYM) and the Invesco NASDAQ 100 ETF (QQQM) saw inflows of more than $2.6 billion and $2.2 billion, respectively.

Meanwhile, the Direxion Daily Semiconductor Bull 3X ETF (SOXL) and the ProShares UltraPro QQQ (TQQQ) saw inflows exceeding $2.1 billion and $1.4 billion each.

"Investors are aggressively buying the dip," The Kobeissi Letter said.

Despite the recent volatility, all three U.S. benchmark indexes are on track to end the week higher and post their best week since August. The Nasdaq and the S&P 500 are headed about 3% higher this week, while the Dow is on track to gain nearly 2%.

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