Macro Summary
Total ETF trading volume reached $325.3B today, representing 115% of the 30-day average activity level. The day’s trading was defined by extreme turnover in specific thematic and factor-based equity segments, most notably within the AI space where WTAI (-2.48%) saw activity explode to over 1,700% of its normal levels. This idiosyncratic volume was mirrored by heavy participation in the Commodity asset class, which traded at 136% of its average volume as precious metals surged, and Digital Assets, which finished down 4.26% on the day behind a 123% activity spike.
Asset Class Summary
| Asset Class | Volume | 30D Avg. | % of 30D Avg. |
|---|---|---|---|
| Equity | $231.8B | $197.3B | 117% |
| Non-Traditional | $43.2B | $39.9B | 108% |
| Fixed Income | $28.8B | $28.8B | 100% |
| Commodity | $11.1B | $8.2B | 136% |
| Digital Asset | $8.9B | $7.2B | 123% |
| Multi-Asset | $174.7M | $171.3M | 102% |
| Currency | $46.7M | $82.3M | 57% |
Equity
Equity ETFs traded a total of $231.8B today, representing 117% of the 30-day average. The session was characterized by a massive rotation into Global Ex-U.S. Large Cap – Blend (finishing the day down 0.70%) and U.S. Large Cap – Blend (falling 0.88%), alongside significant activity in Energy (rising 1.42%). Ticker-level turnover was exceptionally concentrated in WTAI (closing -2.48%), GARP (-1.94%), and ESGD (-0.81%), the latter two trading at over 1,000% of their typical daily volume.
High-Volume Categories (>$100M Traded)
| Category | Activity vs ADV | $ Volume | 1-Day Return |
|---|---|---|---|
| Equity: U.S. Large Cap – Blend | 129% | $102.3B | -0.88% |
| Equity: Global Ex-U.S. Large Cap – Blend | 152% | $8.3B | -0.70% |
| Equity: Emerging Large Cap | 141% | $4.7B | -0.81% |
| Equity: Sector – Energy | 144% | $3.0B | +1.42% |
| Equity: Thematic – Precious Metals | 106% | $2.9B | +1.15% |
High-Activity Ticker Outliers
| Ticker | Name | Activity vs ADV | $ Volume | 1D Return |
|---|---|---|---|---|
| WTAI | WisdomTree Artificial Intelligence and Innovation Fund | 1727% | $76.2M | -2.48% |
| GARP | iShares MSCI USA Quality GARP ETF | 1043% | $157.4M | -1.94% |
| ESGD | iShares ESG Aware MSCI EAFE ETF | 1027% | $209.2M | -0.81% |
| CGGE | Capital Group Global Equity ETF | 1000% | $184.6M | -1.07% |
| XOVR | ERShares Private-Public Crossover ETF | 922% | $83.8M | -1.05% |
| USMC | Principal U.S. Mega-Cap ETF | 690% | $41.9M | -1.24% |
| MSLC | Morgan Stanley Pathway Large Cap Equity ETF | 671% | $34.2M | -1.11% |
| RING | iShares MSCI Global Gold Miners ETF | 670% | $178.6M | +0.85% |
| AIA | iShares Asia 50 ETF | 606% | $147.4M | -0.54% |
| IXUS | iShares Core MSCI Total International Stock ETF | 533% | $778.7M | -0.68% |
Fixed Income
Fixed Income ETFs saw total volume of $28.8B, matching their 30-day average. Activity was primarily fueled by surges in the Municipal – Short category (finishing the day up 0.02%) and International Taxable debt (closing down 0.48%). Outsized ticker turnover was most visible in BWX (-0.51%) and JBND (+0.01%), which both traded at roughly 9 times their average volumes, while IBTG (unchanged) saw activity reach 714%.
High-Volume Categories (>$100M Traded)
| Category | Activity vs ADV | $ Volume | 1-Day Return |
|---|---|---|---|
| Fixed Income: Taxable – Core | 166% | $3.0B | -0.02% |
| Fixed Income: Taxable – Ultrashort | 121% | $1.7B | -0.01% |
| Fixed Income: Taxable – Short-Term | 132% | $1.3B | +0.02% |
| Fixed Income: Taxable – Government Short | 142% | $825.5M | -0.01% |
| Fixed Income: Taxable – Core Enhanced | 130% | $729.6M | -0.04% |
High-Activity Ticker Outliers
| Ticker | Name | Activity vs ADV | $ Volume | 1D Return |
|---|---|---|---|---|
| BWX | SPDR Bloomberg International Treasury Bond ETF | 904% | $78.9M | -0.51% |
| JBND | JPMorgan Active Bond ETF | 886% | $415.5M | +0.01% |
| IBTG | iShares iBonds Dec 2026 Term Treasury ETF | 714% | $91.6M | +0.00% |
| LEMB | iShares J.P. Morgan EM Local Currency Bond ETF | 551% | $33.0M | -0.12% |
| BSCV | Invesco BulletShares 2031 Corporate Bond ETF | 490% | $30.8M | -0.06% |
| MLN | VanEck Long Muni ETF | 488% | $21.1M | +0.60% |
| SUB | iShares Short-Term National Muni Bond ETF | 486% | $220.1M | +0.00% |
| UBND | VictoryShares Core Plus Intermediate Bond ETF | 433% | $22.5M | +0.07% |
| JFLX | JPMorgan Flexible Debt ETF | 388% | $16.8M | -0.04% |
| CLIP | Global X 1-3 Month T-Bill ETF | 373% | $110.6M | +0.01% |
Commodities
Commodity ETFs traded $11.1B, hitting 136% of their 30-day average activity. The surge was almost entirely driven by Precious Metals (rising 1.84%) and Energy-focused funds (climbing 2.07%). PPLT (+2.63%) and PALL (+2.19%) were primary beneficiaries of the metal rally, while SLV (+4.46%) remained the volume powerhouse in the asset class at $3.9B in total turnover.
High-Volume Categories (>$100M Traded)
| Category | Activity vs ADV | $ Volume | 1-Day Return |
|---|---|---|---|
| Commodity: Focused – Precious Metals | 137% | $10.2B | +1.84% |
| Commodity: Focused – Energy | 129% | $680.3M | +2.07% |
| Commodity: Multi-Sector – Broad Market | 106% | $180.1M | +0.96% |
High-Activity Ticker Outliers
| Ticker | Name | Activity vs ADV | $ Volume | 1D Return |
|---|---|---|---|---|
| PPLT | abrdn Physical Platinum Shares ETF | 313% | $153.0M | +2.63% |
| PALL | abrdn Physical Palladium Shares ETF | 224% | $99.2M | +2.19% |
| SLV | iShares Silver Trust | 216% | $3.9B | +4.46% |
| FTGC | First Trust Global Tactical Commodity Strategy Fund | 201% | $22.7M | +1.08% |
| USO | United States Oil Fund LP | 154% | $496.1M | +3.14% |
Crypto
Digital Asset ETFs traded $8.9B today (123% of average), with the asset class averaging a 4.26% decline. High turnover was prevalent across the board, particularly in Altcoin strategies (falling 4.02%) and Bitcoin-focused funds (down 2.09%). Outlier activity was led by BTC (-1.94%) and BITW (-2.64%), both trading near 190% of their 30-day average volumes.
High-Volume Categories (>$100M Traded)
| Category | Activity vs ADV | $ Volume | 1-Day Return |
|---|---|---|---|
| Digital Asset: Cryptocurrency – Bitcoin | 123% | $6.6B | -2.09% |
| Digital Asset: Cryptocurrency – Ethereum | 122% | $2.2B | -3.94% |
| Digital Asset: Cryptocurrency – Altcoin | 164% | $132.7M | -4.02% |
High-Activity Ticker Outliers
| Ticker | Name | Activity vs ADV | $ Volume | 1D Return |
|---|---|---|---|---|
| BTC | Grayscale Bitcoin Mini Trust ETF | 190% | $203.0M | -1.94% |
| BITW | Bitwise 10 Crypto Index ETF | 190% | $9.9M | -2.64% |
| BITO | ProShares Bitcoin ETF | 169% | $802.6M | -1.82% |
| BSOL | Bitwise Solana Staking ETF | 156% | $48.5M | -4.43% |
| FBTC | Fidelity Wise Origin Bitcoin Fund | 155% | $817.1M | -1.84% |
Currencies
Currency ETFs experienced a quiet session with $46.7M in total volume, just 57% of their 30-day average. The asset class saw a general 0.15% decline on average. No individual categories or tickers met the threshold for high-volume or outlier activity reporting during today’s trading.
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
Alternative ETFs traded $1.2B today, representing 86% of their 30-day average volume. Turnover was concentrated within Long Volatility strategies (rising 1.46%) and Multi-Strategy absolute return funds (falling 1.28%). Despite the localized turnover, no specific tickers met the outlier threshold for high-activity reporting in this session.
High-Volume Categories (>$100M Traded)
| Category | Activity vs ADV | $ Volume | 1-Day Return |
|---|---|---|---|
| No categories met the high-volume criteria. |
High-Activity Ticker Outliers
| No high-activity ticker outliers for this asset class. |
Non-Traditional
Non-Traditional ETFs saw total volume of $43.2B, or 108% of their 30-day average. Trading was heavily skewed toward Leverage | Inverse Commodity strategies (rising 0.20%) and Currency Hedged Single Stock products (falling 0.85%). Ticker outliers were dominated by income-generating and geared strategies, with RSPA (-0.29%), BUYW (-0.42%), and USOI (+2.29%) all seeing activity double or triple their typical daily pace.
High-Volume Categories (>$100M Traded)
| Category | Activity vs ADV | $ Volume | 1-Day Return |
|---|---|---|---|
| Non-Traditional: Leverage | Inverse – Commodity | 144% | $1.6B | +0.20% |
High-Activity Ticker Outliers
| Ticker | Name | Activity vs ADV | $ Volume | 1D Return |
|---|---|---|---|---|
| RSPA | Invesco S&P 500 Equal Weight Income Advantage ETF | 305% | $11.9M | -0.29% |
| BUYW | Main BuyWrite ETF | 288% | $13.7M | -0.42% |
| USOI | UBS AG ETRACS Crude Oil Shares Covered Call ETNs due April 24; 2037 | 255% | $8.5M | +2.29% |
| AGQ | ProShares Ultra Silver | 219% | $688.5M | +9.23% |
| SLVO | UBS AG ETRACS Silver Shares Covered Call ETN | 212% | $7.9M | +0.77% |
| UGL | ProShares Ultra Gold | 209% | $325.4M | +1.97% |
| BUCK | Simplify Treasury Option Income ETF | 200% | $6.6M | -0.21% |
| CAIE | Calamos Autocallable Income ETF | 196% | $17.1M | -0.41% |
| IGLD | FT Vest Gold Strategy Target Income ETF | 193% | $9.9M | +0.71% |
| SOXS | Direxion Daily Semiconductor Bear 3x Shares | 171% | $2.1B | +7.52% |
Multi-Asset
Multi-Asset ETFs traded $174.7M (102% of ADV), with activity driven by Specialty Alternative Asset Sleeves (falling 1.03%) and Target Risk – Growth strategies (down 0.67%). GDE (-0.53%) was the asset class’s primary activity outlier, trading at 226% of its 30-day average.
High-Volume Categories (>$100M Traded)
| Category | Activity vs ADV | $ Volume | 1-Day Return |
|---|---|---|---|
| No categories met the high-volume criteria. |
High-Activity Ticker Outliers
| Ticker | Name | Activity vs ADV | $ Volume | 1D Return |
|---|---|---|---|---|
| GDE | WisdomTree Efficient Gold Plus Equity Strategy Fund | 226% | $13.0M | -0.53% |
