The ETF market experienced subdued overall trading activity on May 4, 2026, with total volume reaching $233.20B, representing 83% of the trailing 30-day average. Digital Assets and Multi-Asset products were the only classes to break their average daily volumes, signaling a concentrated risk-on approach in alternative sectors, while traditional equities and fixed income remained noticeably muted.
Asset Class
Volume
30D Avg.
% of 30D Avg.
Equity
$147.01B
$186.33B
79%
Fixed Income
$27.18B
$33.50B
81%
Commodities
$9.20B
$12.94B
71%
Digital Asset
$5.65B
$4.29B
132%
Currencies
$114.87M
$155.51M
74%
Alternatives
$1.11B
$1.39B
80%
Non-Traditional
$42.67B
$43.05B
99%
Multi-Asset
$260.09M
$227.96M
114%
Equity
Equity trading was broadly subdued, totaling $147.01B (79% of its 30-day average) across a predominantly negative session. Activity spiked selectively in targeted thematic and regional segments, notably FinTech and Eurozone equities, which absorbed outsized flows relative to their norms.
Fixed Income volume registered at $27.18B, trailing the 30-day average at 81%. Emerging Market Taxable bonds saw heightened activity, acting as a focal point in an otherwise quiet and slightly negative session for bond proxies.
Commodities recorded $9.20B in total volume, operating at just 71% of typical levels. The Agriculture segment was a notable exception to the muted tone, capturing outsized trader attention and positing strong positive returns.
Digital Assets led all major classes in relative activity, generating $5.65B in volume (132% of average). Bitcoin products dominated the tape as investors rotated heavily into the space during a strong positive session.
Currency ETFs experienced a quiet session with a total volume of $114.87M, representing 74% of the 30-day average. The Japanese Yen saw isolated interest among single-currency funds, driving the only notable outlier activity.
High-Volume Categories
No items met the inclusion criteria for this session.
Alternative ETF volume came in at $1.11B, lagging the 30-day average at 80%. Short volatility products represented the bulk of the limited outlier activity in the space.
High-Volume Categories
No items met the inclusion criteria for this session.
Non-Traditional products recorded $42.67B in volume, sitting right in line with the 30-day average at 99%. Equity Buffer ETFs and Synthetic Income Fixed Income products experienced massive surges in targeted trading action.
Multi-Asset funds traded $260.09M, successfully outperforming typical levels at 114% of the 30-day average. Target Risk and Multi-Asset Income strategies were the primary drivers of the elevated volume throughout the session.
High-Volume Categories
No items met the inclusion criteria for this session.
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Share Macro Summary Total market volume reached $218.37B, reflecting a broadly muted session with overall activity registering at just 75% of the 30-day average. Multi-Asset […]
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