Macro Summary
Overall market volume reached $202.0B for the session, representing 79% of the 30-day average, indicating broadly muted trading activity. Multi-Asset was the standout exception, trading at 226% of its typical volume, while core classes like Equities and Fixed Income remained subdued.
| Asset Class | Volume | 30D Avg. | % of 30D Avg. |
|---|---|---|---|
| Equity | $127.2B | $166.3B | 76% |
| Fixed Income | $21.8B | $28.8B | 76% |
| Commodities | $5.8B | $8.4B | 69% |
| Digital Asset | $3.2B | $4.2B | 77% |
| Currencies | $87.0M | $121.6M | 72% |
| Alternatives | $1.0B | $1.1B | 94% |
| Non-Traditional | $42.3B | $48.0B | 88% |
| Multi-Asset | $528.4M | $234.1M | 226% |
Equity
Equity ETFs recorded $127.2B in volume, operating at a subdued 76% of their 30-day average. Activity was concentrated in specific thematic and size/style segments, with Industrial Revolution and Mid Cap Growth leading proportional interest amidst broad market gains.
High-Volume Categories
| Category | Activity vs ADV | $ Volume | 1-Day Return |
|---|---|---|---|
| Equity: Thematic – Industrial Revolution | 178% | $850.0M | +2.23% |
| Equity: U.S. Mid Cap – Growth | 142% | $359.2M | +0.80% |
| Equity: U.S. Small Cap – Value | 138% | $730.4M | +0.78% |
High-Activity Ticker Outliers
| Ticker | Name | Activity vs ADV | $ Volume | 1D Return |
|---|---|---|---|---|
| IJS | iShares S&P Small-Cap 600 Value ETF | 902% | $342.4M | +0.86% |
| OPPJ | WisdomTree Japan Opportunities Fund | 637% | $27.9M | -0.33% |
| SPYD | State Street SPDR Portfolio S&P 500 High Dividend ETF | 612% | $289.4M | +0.70% |
| IYM | iShares U.S. Basic Materials ETF | 576% | $206.9M | +0.70% |
| IJK | iShares S&P Mid-Cap 400 Growth ETF | 539% | $187.6M | +0.89% |
| NASA | Tema Space Innovators ETF | 384% | $357.4M | +6.56% |
| NULG | Nuveen ESG Large-Cap Growth ETF | 383% | $42.0M | +0.64% |
| XOVR | ERShares Private-Public Crossover ETF | 358% | $196.4M | +1.06% |
| EEMA | iShares MSCI Emerging Markets Asia ETF | 343% | $62.2M | +0.12% |
| QTUM | Defiance Quantum ETF | 343% | $256.8M | +2.42% |
Fixed Income
Fixed Income ETFs saw $21.8B in trading volume, tracking at 76% of their average levels. The Specialty Interest Rate Volatility category was the sole standout in terms of elevated relative activity amidst a slightly positive session for the broader asset class.
High-Volume Categories
| Category | Activity vs ADV | $ Volume | 1-Day Return |
|---|---|---|---|
| Fixed Income: Specialty – Interest Rate Volatility | 261% | $117.7M | -0.13% |
High-Activity Ticker Outliers
| Ticker | Name | Activity vs ADV | $ Volume | 1D Return |
|---|---|---|---|---|
| XBB | BondBloxx BB-Rated USD High Yield Corporate Bond ETF | 339% | $22.5M | -0.11% |
| BSJT | Invesco BulletShares 2029 High Yield Corporate Bond ETF | 284% | $8.8M | -0.17% |
| BSCV | Invesco BulletShares 2031 Corporate Bond ETF | 272% | $26.0M | +0.03% |
| PMBS | PIMCO Mortgage-Backed Securities Active Exchange-Traded Fund | 270% | $15.6M | +0.17% |
| TAGG | T. Rowe Price QM U.S. Bond ETF | 267% | $12.1M | +0.12% |
| NBSD | Neuberger Short Duration Income ETF | 267% | $17.7M | 0.00% |
| XCCC | BondBloxx CCC-Rated USD High Yield Corporate Bond ETF | 244% | $19.2M | -0.23% |
| JFLX | JPMorgan Flexible Debt ETF | 240% | $11.1M | -0.01% |
| DMBS | DoubleLine Mortgage ETF | 229% | $9.2M | +0.09% |
| IBTK | iShares iBonds Dec 2030 Term Treasury ETF | 217% | $7.6M | -0.05% |
Commodities
Commodity ETFs experienced muted action with $5.8B in volume, hitting just 69% of the 30-day average. Broad weakness and lower liquidity characterized the session across primary metals and energy themes.
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.
Digital Asset
Digital Asset ETFs traded $3.2B in volume, marking 77% of their 30-day average. A notable pullback in crypto prices occurred on quieter-than-usual flows across major Bitcoin and Ethereum products.
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.
Currencies
Currency ETFs posted a quiet session with $87.0M in volume, settling at 72% of normal activity levels. Flows and price action remained range-bound without significant outliers.
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.
Alternatives
Alternative ETFs logged $1.0B in volume, reaching 94% of average levels to outpace most traditional asset classes in relative activity, though no specific categories met elevated threshold criteria.
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 ETFs maintained relatively healthy liquidity with $42.3B traded, representing 88% of their 30-day average. Leveraged single-stock and synthetic income products provided pockets of concentrated activity.
High-Volume Categories
No items met the inclusion criteria for this session.
High-Activity Ticker Outliers
| Ticker | Name | Activity vs ADV | $ Volume | 1D Return |
|---|---|---|---|---|
| SBAR | Simplify Barrier Income ETF | 529% | $22.9M | +0.27% |
| OMAH | VistaShares Target 15 Berkshire Select Income ETF | 218% | $25.7M | +0.24% |
| RKLX | Defiance Daily Target 2X Long RKLB ETF | 214% | $405.8M | +15.64% |
| ASTX | Tradr 2X Long ASTS Daily ETF | 206% | $356.9M | +19.24% |
| AIPI | REX AI Equity Premium Income ETF | 198% | $9.9M | +0.63% |
| IQQQ | ProShares Nasdaq-100 High Income ETF | 195% | $5.0M | +0.37% |
| FEPI | REX FANG & Innovation Equity Premium Income ETF | 190% | $15.3M | +0.19% |
| CWEB | Direxion Daily CSI China Internet Index Bull 2X ETF | 166% | $33.1M | -5.16% |
| BALT | Innovator Defined Wealth Shield ETF | 150% | $18.1M | 0.00% |
Multi-Asset
Multi-Asset ETFs were the clear outlier of the session, generating $528.4M in volume to hit a massive 226% of average daily levels. This surge was driven primarily by strong flows into Growth Target Risk strategies.
High-Volume Categories
| Category | Activity vs ADV | $ Volume | 1-Day Return |
|---|---|---|---|
| Asset Allocation: Target Risk – Growth | 522% | $362.9M | +0.29% |
High-Activity Ticker Outliers
| Ticker | Name | Activity vs ADV | $ Volume | 1D Return |
|---|---|---|---|---|
| CGBL | Capital Group Core Balanced ETF | 777% | $334.9M | 0.00% |
| ALLW | State Street Bridgewater All Weather ETF | 182% | $42.6M | +0.12% |
