State Street Investment Management announced on October 10, 2025 the launch of the State Street SPDR Portfolio Ultra Short T‑Bill ETF (SPTU). The new fund tracks the ICE BofA US Treasury Bill Index and is priced at just five basis points, making it one of the lowest‑cost ultra‑short Treasury ETFs available.
SPTU provides investors with low‑cost exposure to U.S. Treasury bills that mature in less than a year, offering a flexible and efficient funding solution. The fund is positioned as a potential collateral tool for derivatives market participants and can serve as a liquidity buffer for institutional clients seeking short‑term, risk‑free assets.
The launch expands State Street’s SPDR Portfolio Treasury suite, which already includes short‑term, intermediate‑term, long‑term, and full‑spectrum Treasury ETFs. By adding an ultra‑short option, State Street strengthens its low‑cost, diversified fixed‑income offering and reinforces its strategy to deliver cost‑effective solutions to institutional investors.
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