Total ETF market volume registered $273.43 billion, a solid 108% of the recent 30-day average daily volume. The session’s activity was driven by a significant surge in Fixed Income, which traded at 130% of its typical turnover. Equity volumes were more subdued at 105% of their average, while other major asset classes like Commodities and Digital Assets experienced a quieter end to the week, trading at 89% and 84% of their respective norms.
Asset Class
Volume
30D Avg.
% of 30D Avg.
Equity
$178.29B
$169.81B
105%
Fixed Income
$33.29B
$25.55B
130%
Commodities
$4.90B
$5.50B
89%
Digital Asset
$3.95B
$4.72B
84%
Currencies
$128.1M
$102.2M
125%
Alternatives
$862.6M
$729.2M
118%
Non-Traditional
$51.82B
$45.62B
114%
Multi-Asset
$188.1M
$220.8M
85%
Total
$273.43B
$252.25B
108%
Equity
Equity ETFs saw $178.29 billion in turnover, a slightly elevated 105% of their 30-day average. Pockets of intense activity emerged in specific categories, with Latin America (327%), Hedged Equity (262%), and Asia-Pacific Ex-Japan (178%) funds seeing the most outsized interest. At the ticker level, JPMorgan BetaBuilders International Equity ETF (BBIN) was a massive outlier, trading 1,204% of its average volume. Other notable funds included Alpha Architect Tail Risk ETF (CAOS) at 943% of its ADV and iShares Russell 3000 ETF (IWV), which traded $240.7 million at 330% of its norm.
Fixed Income was the session’s clear focus, with volume reaching $33.29 billion, or 130% of its recent average. The activity was concentrated in duration-sensitive products, as Government Long bond ETFs traded at 184% of their average on over $5.1 billion in volume. Ultrashort Government (149%), High Yield (135%), and Corporate (131%) bond categories also saw significantly heightened turnover. The standout was Xtrackers USD High Yield BB-B ex Financials ETF (BHYB), which saw exceptional volume at 2,676% of its 30-day average. Vanguard Extended Duration Treasury ETF (EDV) was also heavily traded at 276% of its norm.
Commodities ETFs experienced a quiet session, with total volume of $4.90 billion representing just 89% of the 30-day average. No specific categories saw above-average turnover. However, a few individual funds bucked the trend, led by abrdn Physical Precious Metals Basket Shares ETF (GLTR), which traded an impressive 431% of its typical volume. Other precious metals funds like iShares Gold Trust Micro ETF of Benef Interest (IAUM) and agricultural products like Teucrium Wheat Fund (WEAT) also saw activity more than double their respective averages.
High-Volume Categories
No items met the inclusion criteria for this session.
Trading in Digital Asset ETFs was subdued, with the category posting $3.95 billion in volume, or 84% of its 30-day average. Despite the overall quiet tone, the two largest Bitcoin-tracking funds saw elevated interest. Grayscale Bitcoin Trust ETF (GBTC) traded $154.2 million, or 213% of its recent norm, while the Grayscale Bitcoin Mini Trust ETF (BTC) also saw heightened activity at 153% of its average.
High-Volume Categories
No items met the inclusion criteria for this session.
Currency ETFs saw a burst of activity, trading $128.1 million for a combined 125% of their 30-day average volume. The day’s interest was almost entirely concentrated in a single fund. The Invesco Currencyshares Japanese Yen Trust (FXY) was the sole driver, trading over three times its average daily volume.
Alternatives ETFs posted a solid session with $862.6 million in turnover, representing 118% of the 30-day average. The activity was primarily driven by the Managed Futures category, which traded at 161% of its norm. Within this space, iMGP DBi Managed Futures Strategy ETF (DBMF) was a key focus, trading over $102 million at 209% of its average, while Fidelity Managed Futures ETF (FFUT) also saw significantly heightened turnover.
Non-Traditional ETFs, which include leveraged and inverse products, saw elevated volume of $51.82 billion, or 114% of their recent average. Leveraged and inverse fixed income products were a major focus, trading at 297% of their collective average and aligning with the broader market theme. Single-stock products also saw heavy action, with Direxion Daily AMZN Bull 2X ETF (AMZU) trading 459% of its ADV. In fixed income, Direxion Daily 20+ Year Treasury Bull 3X ETF (TMF) traded nearly 300% of its average on $331.6 million.
High-Volume Categories
Category
Activity vs ADV
$ Volume
1-Day Return
Non-Traditional: Leverage | Inverse – Fixed Income
Activity in Multi-Asset ETFs was muted, with the group trading just $188.1 million, or 85% of its 30-day average. No categories saw above-average turnover. The only fund to see notable interest was the iShares Core 80/20 Aggressive Allocation ETF (AOA), which traded at 189% of its typical daily volume.
High-Volume Categories
No items met the inclusion criteria for this session.
Several single stocks experienced extraordinary trading volumes. Focus Universal, Inc. (FCUV) saw an incredible 10,769% of its average volume, trading over $1.5 billion. Mega-cap Amazon.com, Inc. (AMZN) was also a major focus following its earnings, with over $31 billion changing hands, 251% of its ADV; the stock is a constituent in 728 ETFs. Other widely-held names with massive turnover included Reddit, Inc. Class A (RDDT) at 545% of its average on $4.09 billion in volume, and Roblox Corp. Class A (RBLX) at 461% of its average on $2.18 billion.
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