Consequently, ETF investors are refraining from acting as the traditional role of buyer of last resort. While demand for ETFs remain positive for the year, ETF buyers are growing more reluctant to step in during the worst selling.

“They’re not buying the dip like they were, and they’re selling,” Tom Roseen, head of research services at Lipper, told Reuters.

According to XTF data, U.S.-listed ETFs hold $3.367 trillion in assets under management, with net inflows of $306.1 billion year-to-date. In contrast, the U.S. ETF industry attracted a record $476 billion in new inflows over 2017.

For more information on the ETF industry, visit our ETF Performance Reports category.