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FinanceFinancial Sector ETF Hits Record High on Fintech Gains Led by Coinbase, PayPal
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The State Street Financial Select Sector SPDR ETF (XLF) reached an all-time high of $57.33 on July 28, 2026, driven by strong performance from fintech and payment companies. Assets under management rose to $49.18 billion. Key gainers included Coinbase (+5.8%), Block (+5.3%), and PayPal (+26.6% over the past month). The rally extended beyond traditional banks to payment processors, exchanges, and alternative asset managers. The Nasdaq Composite and VanEck Semiconductor ETF (SMH) initially fell but recovered by afternoon. The healthcare sector ETF XLV also hit a fresh intraday record, indicating a broader market rotation from tech into financials and healthcare.
Source report
Author: DJ Shaw Source: ETF Trends
Shares of the State Street Financial Select Sector SPDR ETF (XLF) touched a fresh all-time high on Tuesday, driven by a broader market rotation out of high-flying tech names and into traditional financial stocks.
Key Takeaways
- XLF hit an all-time high of $57.32 on Tuesday, lifting total assets to $49.18 billion.
- Coinbase and Block each gained more than 5% in the latest session.
- PayPal surged 26.6% over the past month, making it the fund's biggest gainer.
Market Context
XLF's advance came even as some of the tech weakness that fueled the broader shift began to fade. The Nasdaq Composite fell 0.8% and the VanEck Semiconductor ETF (SMH) dropped 4% in early trading, according to CNBC. Both had recovered by Tuesday afternoon, with the Nasdaq Composite up 0.04% and SMH up 2.8%.
Healthcare stocks also climbed alongside financials. The State Street Health Care Select Sector SPDR ETF (XLV) touched a fresh intraday record, per CNBC.
XLF Performance and Holdings
XLF opened at $57.13 on Tuesday and reached an intraday high of $57.33, matching its 52-week high. The fund now holds $49.18 billion in assets, according to ETF Database.
With holdings spanning banks, insurers, payment processors, and exchanges, the fund offers broad exposure across the financial sector rather than a narrow bet on any single segment.
Top Daily Gainers
| Ticker | Company | Gain | |--------|---------|------| | COIN | Coinbase Global, Inc. | +5.8% | | XYZ | Block, Inc. | +5.3% | | FDS | FactSet Research Systems Inc. | +4.5% | | FIS | Fidelity National Information Services, Inc. | ~4.0% |
Top Weekly Performers
| Ticker | Company | Gain | |--------|---------|------| | BX | Blackstone Inc. | +7.3% | | ARES | Ares Management Corp. | +5.4% | | JPM | JPMorgan Chase & Co. | +5.1% |
Financial Momentum Over the Past Month
XLF has risen more than 6% over the past month, with payment companies once again leading the way, according to State Street.
Top Monthly Gainers
| Ticker | Company | Gain | |--------|---------|------| | PYPL | PayPal Holdings, Inc. | +26.6% | | GPN | Global Payments Inc. | +20.4% | | ICE | Intercontinental Exchange, Inc. | +20.1% | | NDAQ | Nasdaq, Inc. | +19.6% | | CBOE | Cboe Global Markets, Inc. | +19.3% | | ARES | Ares Management Corp. | +17.1% |
For more news, information, and analysis, visit the Sector Investing Content Hub.
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Source
Yahoo FinanceWestern
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Financial Sector ETF Hits Record High on Fintech Gains