Macro Summary
The market experienced a muted session overall, transacting $236.34B in total volume, which represents 91% of the 30-day average. Non-Traditional funds were the primary anomaly, drawing significant participation at 124% of typical daily activity. Other major asset classes exhibited balanced to quiet trading behavior, with Equity and Fixed Income transacting at 86% and 76% of their respective moving averages.
| Asset Class | Volume | 30D Avg. | % of 30D Avg. |
|---|---|---|---|
| Equity | $145.82B | $170.43B | 86% |
| Fixed Income | $23.16B | $30.40B | 76% |
| Commodity | $7.96B | $10.55B | 75% |
| Digital Asset | $4.16B | $4.16B | 100% |
| Currency | $58.01M | $141.74M | 41% |
| Alternative | $836.05M | $1.20B | 70% |
| Non-Traditional | $54.12B | $43.72B | 124% |
| Multi-Asset | $220.01M | $232.04M | 95% |
Equity
Equity ETFs recorded $145.82B in trading volume, lagging behind the 30-day average at 86% activity. Despite the broader quiet tone, thematic strategies—specifically Industrial Revolution and Sustainability—captured concentrated attention, posting 181% and 176% of their average daily volume, respectively. The asset class finished modestly higher with an average 1-day return of +0.20%.
High-Volume Categories
| Category | Activity vs ADV | $ Volume | 1-Day Return |
|---|---|---|---|
| Equity: Thematic – Industrial Revolution | 181% | $595.11M | +1.29% |
| Equity: Thematic – Sustainability | 176% | $450.34M | +2.07% |
| Equity: Thematic – Natural Resources | 148% | $1.75B | +1.78% |
| Equity: Thematic – Health Innovation | 136% | $103.92M | -0.47% |
| Equity: Sector – Information Technology | 130% | $15.24B | +1.24% |
High-Activity Ticker Outliers
| Ticker | Name | Activity vs ADV | $ Volume | 1D Return |
|---|---|---|---|---|
| SPYX | State Street SPDR S&P 500 Fossil Fuel Reserves Free ETF | 1158% | $97.16M | +0.12% |
| JHMD | John Hancock Multifactor Developed International ETF | 927% | $37.19M | -0.22% |
| BBMC | JPMorgan BetaBuilders U.S. Mid Cap Equity ETF | 646% | $28.90M | +0.45% |
| MFSG | MFS Active Growth ETF | 634% | $24.23M | -0.07% |
| IGPT | Invesco AI and Next Gen Software ETF | 514% | $33.98M | +2.33% |
| AGIX | KraneShares Artificial Intelligence & Technology ETF | 348% | $35.87M | +0.99% |
| EWS | iShares MSCI Singapore ETF | 347% | $70.90M | +0.05% |
| PSI | Invesco Semiconductors ETF | 337% | $128.04M | +3.02% |
| PSCT | Invesco S&P SmallCap Information Technology ETF | 336% | $8.54M | +1.20% |
| ARKQ | ARK Autonomous Technology & Robotics ETF | 324% | $68.41M | +1.74% |
Fixed Income
Activity across Fixed Income ETFs remained suppressed, logging $23.16B in volume to sit at 76% of the 30-day average. Sub-asset classes uniformly reflected this quiet participation without producing any high-volume category breakouts. On average, the asset class drifted lower by -0.12%.
High-Volume Categories
No items met the inclusion criteria for this session.
High-Activity Ticker Outliers
| Ticker | Name | Activity vs ADV | $ Volume | 1D Return |
|---|---|---|---|---|
| LONZ | PIMCO Senior Loan Active Exchange-Traded Fund | 703% | $26.27M | +0.10% |
| JBND | JPMorgan Active Bond ETF | 620% | $262.87M | -0.22% |
| SHYM | iShares Short Duration High Yield Muni Active ETF | 603% | $23.94M | -0.02% |
| IQMM | ProShares GENIUS Money Market ETF | 406% | $660.14M | +0.01% |
| STOT | State Street DoubleLine Short Duration Total Return Tactical ETF | 352% | $12.69M | -0.05% |
| BWX | State Street SPDR Bloomberg International Treasury Bond ETF | 277% | $29.60M | -0.49% |
| CLOA | iShares AAA CLO Active ETF | 260% | $59.85M | +0.01% |
| SCHJ | Schwab 1-5 Year Corporate Bond ETF | 225% | $8.01M | -0.12% |
| EVLN | Eaton Vance Floating-Rate ETF | 217% | $8.68M | +0.14% |
| SPSK | SP Funds Dow Jones Global Sukuk ETF | 217% | $8.85M | -0.19% |
Commodity
Commodity ETFs observed sluggish volumes totaling $7.96B (75% of ADV), though the complex delivered a robust session return of +2.21%. Broad market strategies and precious metals generated isolated pockets of elevated relative volume, driven largely by significant single-day price appreciation in silver and copper exposures.
High-Volume Categories
No items met the inclusion criteria for this session.
High-Activity Ticker Outliers
| Ticker | Name | Activity vs ADV | $ Volume | 1D Return |
|---|---|---|---|---|
| CPER | United States Copper Index Fund | 242% | $60.85M | +2.82% |
| GSG | iShares S&P GSCI Commodity Indexed Trust | 212% | $107.11M | +2.68% |
| SIVR | abrdn Physical Silver Shares ETF | 175% | $246.30M | +6.20% |
| SLV | iShares Silver Trust | 173% | $2.85B | +6.48% |
| DBC | Invesco DB Commodity Index Tracking Fund | 166% | $97.04M | +2.51% |
| DJP | iPath Bloomberg Commodity Index Total Return ETN | 158% | $6.90M | +2.77% |
Digital Asset
Digital Asset strategies traded evenly with their 30-day average (100% activity), exchanging $4.16B. Supported by a strong +3.82% average return, altcoin strategies proved to be the primary catalyst, heavily outperforming their historical volume norms as investors sought exposure outside of standard Bitcoin and Ethereum proxies.
High-Volume Categories
| Category | Activity vs ADV | $ Volume | 1-Day Return |
|---|---|---|---|
| Digital Asset: Cryptocurrency – Altcoin | 265% | $173.42M | +6.44% |
High-Activity Ticker Outliers
| Ticker | Name | Activity vs ADV | $ Volume | 1D Return |
|---|---|---|---|---|
| BSOL | Bitwise Solana Staking ETF | 307% | $68.74M | +5.72% |
| XRPZ | Franklin XRP ETF | 259% | $8.11M | +4.28% |
| XRP | Bitwise XRP ETF | 228% | $17.88M | +4.38% |
| BTCO | Invesco Galaxy Bitcoin ETF | 216% | $15.42M | +2.33% |
| HODL | VanEck Bitcoin ETF | 156% | $41.88M | +2.20% |
| BITO | ProShares Bitcoin ETF | 152% | $1.66B | +2.19% |
Currency
Currency ETFs were deeply muted, recording just $58.01M in total volume, tracking at a historically light 41% of average daily activity. No significant price action developed to stimulate flow, leaving the space largely sidelined.
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.
Alternative
Alternative strategies remained out of focus, trading $836.05M to log an activity rate of 70% against the 30-day average. The broader complex returned +0.77%, but conviction was insufficient to trigger any actionable volume breakouts at the category or individual ticker level.
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 products dominated relative engagement metrics, printing $54.12B in total volume representing 124% of the 30-day norm. Single-stock leveraged and inverse wrappers anchored this surge, exchanging $22.32B at 182% of ADV. Single-stock synthetic income plays also breached threshold requirements, fueled by elevated underlying volatility and yield harvesting behavior.
High-Volume Categories
| Category | Activity vs ADV | $ Volume | 1-Day Return |
|---|---|---|---|
| Non-Traditional: Leverage | Inverse – Single Stock | 182% | $22.32B | +2.19% |
| Non-Traditional: Synthetic Income – Single Stock | 145% | $359.46M | +0.45% |
High-Activity Ticker Outliers
| Ticker | Name | Activity vs ADV | $ Volume | 1D Return |
|---|---|---|---|---|
| AAOX | Tradr 2X Long AAOI Daily ETF | 445% | $542.15M | +53.32% |
| INTW | GraniteShares 2x Long INTC Daily ETF | 390% | $542.07M | +5.95% |
| MUU | Direxion Daily MU Bull 2X ETF | 364% | $2.25B | +12.41% |
| IRE | Defiance Daily Target 2X Long IREN ETF | 335% | $455.73M | -19.21% |
| MULL | GraniteShares 2x Long MU Daily ETF | 327% | $287.66M | +12.71% |
| LITX | Tradr 2X Long LITE Daily ETF | 305% | $786.23M | +31.62% |
| GOOY | YieldMax GOOGL Option Income Strategy ETF | 279% | $16.88M | -1.54% |
| IONX | Defiance Daily Target 2X Long IONQ ETF | 274% | $302.62M | +29.65% |
| AMDL | GraniteShares 2x Long AMD Daily ETF | 230% | $896.53M | +0.96% |
| CONY | YieldMax COIN Option Income Strategy ETF | 215% | $21.92M | +6.13% |
Multi-Asset
Multi-Asset ETFs transacted $220.01M, staying mostly in line with historical averages (95% activity). The space generated a mild positive average return of +0.45%, displaying no broad categorization anomalies.
High-Volume Categories
No items met the inclusion criteria for this session.
High-Activity Ticker Outliers
| Ticker | Name | Activity vs ADV | $ Volume | 1D Return |
|---|---|---|---|---|
| RAAX | VanEck Real Assets ETF | 174% | $20.32M | +1.50% |
