Macro Summary
The total ETF market traded $294.7B in volume during the session, tracking at 87% of its 30-day average. Overall activity remained somewhat muted across core asset classes like Fixed Income (78%) and Equity (84%), though Digital Asset (145%) and Non-Traditional (114%) ETFs saw pronounced relative volume spikes driving thematic momentum throughout the day.
| Asset Class | Volume | 30D Avg. | % of 30D Avg. |
|---|---|---|---|
| Equity | $189.9B | $227.1B | 84% |
| Fixed Income | $31.7B | $40.4B | 78% |
| Commodities | $13.5B | $18.4B | 74% |
| Digital Asset | $7.1B | $4.9B | 145% |
| Currencies | $129.1M | $186.5M | 69% |
| Alternatives | $1.2B | $1.8B | 63% |
| Non-Traditional | $51.0B | $44.6B | 114% |
| Multi-Asset | $245.2M | $244.2M | 100% |
Equity
Equity ETFs saw $189.9B in total volume, trading at 84% of normal activity. While broad market flows were muted, thematic pockets such as FinTech, Sustainability, and the Evolving Consumer demonstrated heightened participation.
High-Volume Categories
| Category | Activity vs ADV | $ Volume | 1-Day Return |
|---|---|---|---|
| Equity: Thematic – FinTech | 186% | $143.2M | +3.37% |
| Equity: Thematic – Sustainability | 179% | $368.6M | +0.55% |
| Equity: Thematic – Health Innovation | 169% | $126.9M | +1.93% |
| Equity: Sector – Energy | 143% | $7.4B | -2.83% |
| Equity: Thematic – Evolving Consumer | 140% | $817.9M | +1.61% |
High-Activity Ticker Outliers
| Ticker | Name | Activity vs ADV | $ Volume | 1D Return |
|---|---|---|---|---|
| GFLW | VictoryShares Free Cash Flow Growth ETF | 1658% | $79.3M | +2.02% |
| BKCH | Global X Blockchain ETF | 1452% | $60.2M | +4.63% |
| SLYV | State Street SPDR S&P 600 Small Cap Value ETF | 611% | $145.7M | +1.81% |
| TMSL | T. Rowe Price Small-Mid Cap ETF | 530% | $59.2M | +1.95% |
| IDU | iShares U.S. Utilities ETF | 510% | $121.5M | -1.13% |
| FPX | First Trust US Equity Opportunities ETF | 330% | $13.9M | +1.08% |
| VLU | State Street SPDR S&P 1500 Value Tilt ETF | 315% | $11.0M | +0.94% |
| RONB | Baron First Principles ETF | 312% | $16.5M | +1.56% |
| IMCG | iShares Morningstar Mid-Cap Growth ETF | 311% | $37.4M | +1.70% |
| OUSM | ALPS O’Shares US Small-Cap Quality Dividend ETF | 300% | $9.8M | +1.57% |
Fixed Income
Fixed Income ETFs logged $31.7B in volume, hitting 78% of their 30-day average. The broader bond market was relatively quiet, with isolated trading bursts in the Convertible space.
High-Volume Categories
| Category | Activity vs ADV | $ Volume | 1-Day Return |
|---|---|---|---|
| Fixed Income: Taxable – Convertible | 174% | $359.4M | +0.63% |
High-Activity Ticker Outliers
| Ticker | Name | Activity vs ADV | $ Volume | 1D Return |
|---|---|---|---|---|
| EBND | SPDR Bloomberg Emerging Markets Local Bond ETF | 339% | $37.9M | +0.80% |
| ICVT | iShares Convertible Bond ETF | 279% | $209.3M | +0.81% |
| HYS | PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund | 274% | $37.3M | +0.56% |
| YLD | Principal Active High Yield ETF | 274% | $9.6M | +0.29% |
| AGZ | iShares Agency Bond ETF | 267% | $6.9M | +0.29% |
| GSST | Goldman Sachs Ultra Short Bond ETF | 267% | $34.2M | +0.12% |
| JBND | JPMorgan Active Bond ETF | 257% | $114.8M | +0.37% |
| DCRE | DoubleLine Commercial Real Estate Debt ETF | 249% | $6.5M | +0.12% |
| FSEC | Fidelity Investment Grade Securitized ETF | 247% | $18.9M | +0.28% |
| TFLR | T. Rowe Price Floating Rate ETF | 221% | $8.3M | +0.23% |
Commodities
Commodities experienced a sluggish session with $13.5B in aggregate volume, pacing at just 74% of typical activity.
High-Volume Categories
No items met the inclusion criteria for this session.
High-Activity Ticker Outliers
| Ticker | Name | Activity vs ADV | $ Volume | 1D Return |
|---|---|---|---|---|
| DBC | Invesco DB Commodity Index Tracking Fund | 247% | $132.5M | -2.83% |
| GSG | iShares S&P GSCI Commodity Indexed Trust | 226% | $130.5M | -3.76% |
Digital Asset
Digital Asset ETFs stood out with robust participation, trading $7.1B (145% of ADV). Bitcoin strategies heavily anchored the asset class’s heightened volume profile.
High-Volume Categories
| Category | Activity vs ADV | $ Volume | 1-Day Return |
|---|---|---|---|
| Digital Asset: Cryptocurrency – Bitcoin | 155% | $6.0B | +2.72% |
High-Activity Ticker Outliers
| Ticker | Name | Activity vs ADV | $ Volume | 1D Return |
|---|---|---|---|---|
| BRRR | Coinshares Bitcoin ETF | 402% | $16.8M | +2.83% |
| BTCO | Invesco Galaxy Bitcoin ETF | 394% | $24.0M | +2.87% |
| EZBC | Franklin Bitcoin ETF | 258% | $14.7M | +2.89% |
| BITB | Bitwise Bitcoin ETF Trust | 182% | $177.0M | +2.83% |
| ETHE | Grayscale Ethereum Staking ETF | 179% | $91.3M | +3.18% |
| IBIT | iShares Bitcoin Trust ETF | 174% | $3.3B | +2.97% |
| FBTC | Fidelity Wise Origin Bitcoin Fund | 158% | $460.9M | +3.01% |
| ETHW | Bitwise Ethereum ETF | 153% | $29.1M | +3.17% |
| BTC | Grayscale Bitcoin Mini Trust ETF | 151% | $151.5M | +2.95% |
Currencies
Currency ETFs recorded a soft $129.1M in volume, hitting 69% of normal turnover rates.
High-Volume Categories
No items met the inclusion criteria for this session.
High-Activity Ticker Outliers
| Ticker | Name | Activity vs ADV | $ Volume | 1D Return |
|---|---|---|---|---|
| FXY | Invesco Currencyshares Japanese Yen Trust | 317% | $28.6M | +0.35% |
Alternatives
Alternative ETFs were heavily subdued, observing only $1.2B in capital traded (63% of ADV). No distinct pockets of irregular momentum surfaced.
High-Volume Categories
No items met the inclusion criteria for this session.
High-Activity Ticker Outliers
No items met the inclusion criteria for this session.
Non-Traditional
Non-Traditional ETFs captured significant flow, executing $51.0B in volume to reach 114% of their 30-day average. Leveraged and derivative-linked single-stock strategies saw pronounced acceleration.
High-Volume Categories
| Category | Activity vs ADV | $ Volume | 1-Day Return |
|---|---|---|---|
| Non-Traditional: Leverage | Inverse – Crypto | 159% | $1.2B | +1.20% |
| Non-Traditional: Synthetic Income – Single Stock | 151% | $377.2M | +0.75% |
| Non-Traditional: Buffer – Equity | 141% | $535.0M | +0.49% |
| Non-Traditional: Leverage | Inverse – Single Stock | 136% | $14.2B | +2.13% |
High-Activity Ticker Outliers
| Ticker | Name | Activity vs ADV | $ Volume | 1D Return |
|---|---|---|---|---|
| POCT | Innovator U.S. Equity Power Buffer ETF – October | 1218% | $33.5M | +0.56% |
| PMAR | Innovator U.S. Equity Power Buffer ETF – March | 909% | $33.5M | +0.53% |
| MSTY | YieldMax MSTR Option Income Strategy ETF | 517% | $118.9M | +10.38% |
| MSTU | T-Rex 2X Long MSTR Daily Target ETF | 333% | $537.5M | +24.25% |
| IONX | Defiance Daily Target 2X Long IONQ ETF | 327% | $206.2M | +4.95% |
| BALI | iShares U.S. Large Cap Premium Income Active ETF | 304% | $19.7M | +1.05% |
| CONY | YieldMax COIN Option Income Strategy ETF | 289% | $26.5M | +3.20% |
| MSFU | Direxion Daily MSFT Bull 2X ETF | 281% | $351.4M | +1.32% |
| USOI | UBS AG ETRACS Crude Oil Shares Covered Call ETNs due April 24; 2037 | 279% | $14.3M | -5.18% |
| CAIE | Calamos Autocallable Income ETF | 270% | $22.4M | +0.79% |
Multi-Asset
Multi-Asset ETFs maintained an essentially balanced session, trading $245.2M on par with exactly 100% of their standard 30-day activity.
High-Volume Categories
No items met the inclusion criteria for this session.
High-Activity Ticker Outliers
| Ticker | Name | Activity vs ADV | $ Volume | 1D Return |
|---|---|---|---|---|
| RLY | State Street Multi-Asset Real Return ETF | 242% | $22.4M | -0.66% |
| AOK | iShares Core 30/70 Conservative Allocation ETF | 155% | $13.3M | +0.72% |
| HECA | Hedgeye Capital Allocation ETF | 151% | $14.1M | -0.36% |
