The ETF market experienced a surge in activity today, with total volume reaching $352.7B, or 133% of the 30-day average. The dominant theme was a significant spike in volatility-linked products, signaling heightened market anxiety. The Alternatives asset class was the epicenter of this activity, trading at an extraordinary 330% of its average daily volume, largely driven by heavy turnover in long volatility funds like UVIX and VXX. This trend was complemented by elevated volumes in other defensive and speculative areas, including a notable 198% of average volume in Commodities, fueled by Precious Metals, and a 156% turnover in Digital Assets, indicating a broad-based move by traders to reposition amid market uncertainty.
Asset Class Summary
Asset Class
Volume
30D Avg.
% of 30D Avg.
Equity
$235.0B
$181.7B
129%
Fixed Income
$36.1B
$28.6B
126%
Commodities
$19.9B
$10.0B
198%
Crypto
$11.3B
$7.2B
156%
Currencies
$86.6M
$74.4M
116%
Alternatives
$3.7B
$1.1B
330%
Non-Traditional
$46.4B
$36.1B
129%
Multi-Asset
$223.0M
$147.4M
151%
Equity
The Equity asset class saw robust trading, with $235.0B in total volume, representing 129% of its 30-day average. The activity was primarily concentrated in the Financials sector and various U.S. Size & Style categories, especially U.S. Large Cap Value. This was largely driven by heavy turnover in sector-specific funds like KRE and broad value ETFs such as IWD, which experienced activity more than four times its daily average.
Fixed Income ETFs saw elevated trading with $36.1B in volume, 126% of the 30-day average. The most notable activity occurred in the credit space, with Bank Loans and High Yield categories trading at 245% and 174% of their respective averages. This surge was highlighted by significant turnover in funds like CLOZ and SRLN, pointing to investor repositioning in higher-yielding debt instruments.
The Commodities asset class was a focal point of today’s market, with trading volume hitting $19.9B, a striking 198% of its 30-day average. This surge was almost entirely driven by the Precious Metals category, which traded at 204% of its average volume. Exceptional activity in gold and silver ETFs, such as OUNZ and GLTR, underscored a strong flight to safety among investors.
Digital Asset ETFs traded $11.3B, reaching 156% of their 30-day average volume. The heightened activity was concentrated in Bitcoin products, which traded at 173% of their typical volume. This suggests increased speculative interest or portfolio adjustments in the primary cryptocurrency, with significant turnover in major funds like GBTC and BITB.
The Currency asset class saw moderate activity, with total volume reaching $86.6M, which is 116% of its 30-day average. Trading was relatively subdued, with no specific categories or tickers standing out for exceptional volume.
High-Volume Categories (>$100M Traded)
No categories met the high-volume criteria.
High-Activity Ticker Outliers
No high-activity ticker outliers for this asset class.
Alternatives
The Alternatives asset class was the standout performer in terms of activity, with volume soaring to $3.7B, an exceptional 330% of its 30-day average. This was driven by a massive surge in the Volatility categories, with Long Volatility products trading at 340% of their average. Funds designed to track market volatility, such as UVIX, VXX, and UVXY, all saw extreme turnover, clearly indicating a major move by traders to hedge against or speculate on increased market turbulence.
Non-Traditional ETFs saw significant volume of $46.4B, trading at 129% of their 30-day average. The primary drivers were leveraged and inverse products, particularly those tied to Equity and Commodities. The Leverage | Inverse – Commodity category was especially active at 205% of its average volume, with notable interest in precious metals products like UGL. In the equity space, regional bank-focused DPST saw activity at over 400% of its norm.
The Multi-Asset class showed a notable increase in trading, with $223.0M in volume, or 151% of its 30-day average. The primary driver was the Global Macro category, which traded at 250% of its usual pace, largely due to heightened activity in ALLW. Additionally, the Alternative Asset Sleeve category saw increased interest, with funds like GDE trading more than double their average volume.
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