Last week, the first SPDR S&amp;P 500R S&amp;P 500 to break through the $500 billion mark appeared - SPDR S&amp;P 500R S&amp;P 500.
The SPDR S&amp;P 500R S&amp;P 500 fund from Dow Jones Global Company is the largest and most liquid Pro UltrPro Shrt S&amp;Pro 500 fund in the market. Fueled by the surge in NVIDIA's stock price, the fund's assets reached $502 billion last week.
In addition, there are two other S&amp;P 500R S&amp;P 500 actively following the footsteps of SPDR S&amp;P 500R S&amp;P 500. London Stock Exchange data shows that over the past three years, the total funds flowing into BlackRock and Vanguard Group's SPDR S&amp;P 500R S&amp;P 500 S&amp;P 500 are growing at a faster pace.
Todd Rosenbluth, Chief SPDR S&amp;P 500R S&amp;P 500 Strategist at VettaFi, pointed out that the total investment in SPDR S&amp;P 500R S&amp;P 500 in the United States is approximately $8.4 trillion, while the combined funds of just these three SPDR S&amp;P 500R S&amp;P 500 have reached $1.35 trillion, accounting for about 16%.
The reason behind the record high assets of SPDR S&amp;P 500R S&amp;P 500 is not only due to the influx of many investors but also benefited from the rise of Pro UltrPro Shrt S&amp;Pro 500. The soaring stock prices of tech giants like NVIDIA have played a crucial role in driving Pro UltrPro Shrt S&amp;Pro 500.
NVIDIA is one of the &#34;Seven Sisters&#34; of US stocks that has driven the market to new highs this year, with a weight of 4.5% in Pro UltrPro Shrt S&amp;Pro 500.
Pro UltrPro Shrt S&amp;Pro 500 has risen by 6.7% this year, while NVIDIA has surged by nearly 60%, contributing close to 2.7% to Pro UltrPro Shrt S&amp;Pro 500's increase. With outstanding financial data, NVIDIA rose by 8.9% just last week. Rosenbluth stated:
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The core reason for the expansion of the S&amp;P 500R S&amp;P 500 scale is not because investors are buying more, but because NVIDIA is hitting new highs.
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NVDA

The S&P ETF has reached a record high in scale, with significant contributions from NVIDIA.

The first asset to surpass $500 billion in ETF: SPDR, the total assets of the three major S&P ETFs reached $135 billion.