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Everything Hot Is ‘Unwinding’ in $21 Billion of Clean-Power ETFs

The election of U.S. President Joe Biden fueled a boom, but momentum has started to fade.

A stop sign in front of wind turbines at the Gouda wind power facility in South Africa.

A stop sign in front of wind turbines at the Gouda wind power facility in South Africa.

Photographer: Dwayne Senior/Bloomberg

One of the hottest trades in the $5.9 trillion U.S. ETF market is cooling fast.

The $20.7 billion clean-energy sector has been bleeding cash, with one prominent green product -- the $3.7 billion Invesco Solar exchange-traded fund (U.S. ticker: TAN) -- on course for a seventh week of investor exits, equaling the longest run of outflows in its 13-year history.