Market Hot Spots: Volatility, Natural Resources, and Crypto ETFs See Exceptional Trading Volumes

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Macro Summary

Total ETF market volume registered $307.0B, trading at a heightened pace of 117% of its 30-day average. The day’s activity was most pronounced in the Alternatives asset class, which traded at 198% of its 30-day average volume. The heightened turnover was concentrated in volatility-related products, with the Short Volatility category trading at 259% of its average and the Long Volatility category trading at 193% of its average.

Asset Class Summary

Asset Class Volume 30D Avg. % of 30D Avg.
Equity $202.5B $179.8B 113%
Fixed Income $33.1B $28.5B 116%
Commodities $12.5B $9.8B 128%
Crypto $11.0B $7.0B 157%
Currencies $70.1M $75.2M 93%
Alternatives $2.1B $1.1B 198%
Non-Traditional $45.6B $35.2B 129%
Multi-Asset $153.2M $145.0M 106%

Equity

The Equity asset class recorded $202.5B in volume, trading at 113% of its 30-day average. The above-average activity was most notable in the Thematic – Natural Resources (223% of ADV), Region – Asia-Pacific (509% of ADV), and Thematic – FinTech (182% of ADV) categories. High-activity tickers contributing to these volumes included REMX, VPL, and BBEU.

High-Volume Categories (>$100M Traded)

Category Activity vs ADV $ Volume 1-Day Return
Equity: Sector – Financials 159% $5.6B +1.48%
Equity: Thematic – Natural Resources 223% $2.1B +0.51%
Equity: Region – Eurozone 161% $930.3M +0.33%
Equity: Thematic – FinTech 182% $255.2M +1.45%
Equity: Region – Asia-Pacific 509% $243.3M +0.26%

High-Activity Ticker Outliers

Ticker Name Activity vs ADV $ Volume 1D Return
AVSD Avantis Responsible International Equity ETF 760% $22.7M +0.37%
BBEU JPMorgan BetaBuilders Europe ETF 688% $347.8M +0.43%
VPL Vanguard FTSE Pacific ETF 602% $239.5M +0.48%
EWP iShares MSCI Spain ETF 584% $128.3M +0.81%
GVAL Cambria Global Value ETF 534% $22.9M -0.42%
EQWL Invesco S&P 100 Equal Weight ETF 531% $40.9M +0.68%
KXI iShares Global Consumer Staples ETF 481% $18.9M +1.23%
REMX VanEck Rare Earth and Strategic Metals ETF 485% $348.1M +1.04%
AAXJ iShares MSCI All Country Asia ex Japan ETF 405% $171.4M -1.01%
PSC Principal U.S. Small-Cap ETF 366% $18.9M +1.10%

Fixed Income

Fixed Income ETFs traded $33.1B, or 116% of the 30-day average volume. The heightened activity was concentrated in several taxable bond categories, including Bank Loans (175% of ADV), Government Intermediate (171% of ADV), and Securitized debt (171% of ADV). Significant volume was seen in tickers such as GOVT, which traded at 390% of its average, and JBBB at 399% of its average.

High-Volume Categories (>$100M Traded)

Category Activity vs ADV $ Volume 1-Day Return
Fixed Income: Taxable – High Yield 156% $6.8B +0.08%
Fixed Income: Taxable – Corporate 139% $6.7B +0.17%
Fixed Income: Taxable – Government Intermediate 171% $1.2B +0.18%
Fixed Income: Taxable – Bank Loans 175% $706.7M -0.02%
Fixed Income: Taxable – Securitized 171% $871.5M +0.11%

High-Activity Ticker Outliers

Ticker Name Activity vs ADV $ Volume 1D Return
FLCB Franklin U.S Core Bond ETF 664% $53.2M +0.16%
XBB BondBloxx BB-Rated USD High Yield Corporate Bond ETF 585% $45.2M -0.00%
VTC Vanguard Total Corporate Bond ETF 408% $32.3M +0.17%
JBBB Janus Henderson B-BBB CLO ETF 399% $92.9M +0.01%
FPEI First Trust Institutional Preferred Securities & Income ETF 395% $26.4M +0.08%
GOVT iShares U.S. Treasury Bond ETF 390% $619.4M +0.17%
HYGH iShares Interest Rate Hedged High Yield Bond ETF 345% $13.2M -0.22%
FLBL Franklin Senior Loan ETF Franklin Liberty Senior Loan Fund 344% $32.6M -0.02%
SBIL Simplify Government Money Market ETF 341% $56.7M +0.01%
CDX Simplify High Yield ETF 300% $12.5M -0.07%

Commodities

The Commodities asset class recorded volume of $12.5B, representing 128% of its 30-day average. The most significant activity occurred in the Industrial Metals category, which traded at 239% of its average volume, and the Agriculture category at 264% of its average. Precious Metals also contributed substantial volume at 130% of its average. High-activity tickers included CPER (246% of ADV) and GLTR (280% of ADV).

High-Volume Categories (>$100M Traded)

Category Activity vs ADV $ Volume 1-Day Return
Commodity: Focused – Precious Metals 130% $11.8B +0.55%

High-Activity Ticker Outliers

Ticker Name Activity vs ADV $ Volume 1D Return
GLTR abrdn Physical Precious Metals Basket Shares ETF 280% $37.8M +0.27%
CPER United States Copper Index Fund 246% $31.9M -2.56%
DBA Invesco DB Agriculture Fund 172% $9.6M +0.57%
SLV iShares Silver Trust 171% $2.7B -0.88%
SIVR abrdn Physical Silver Shares ETF 156% $116.4M -1.10%

Crypto

Digital Asset ETFs recorded $11.0B in volume, trading at 157% of the 30-day average. The heightened turnover was observed across both major cryptocurrency categories, with Ethereum-focused funds trading at 163% of their average volume and Bitcoin funds trading at 154%. High-activity tickers included EZBC (281% of ADV) and ETHW (269% of ADV).

High-Volume Categories (>$100M Traded)

Category Activity vs ADV $ Volume 1-Day Return
Digital Asset: Cryptocurrency – Bitcoin 154% $7.3B -2.77%
Digital Asset: Cryptocurrency – Ethereum 163% $3.6B -3.48%

High-Activity Ticker Outliers

Ticker Name Activity vs ADV $ Volume 1D Return
EZBC Franklin Bitcoin ETF 281% $39.7M -2.83%
ETHW Bitwise Ethereum ETF 269% $120.1M -3.94%
GBTC Grayscale Bitcoin Trust ETF 257% $721.0M -2.94%
FETH Fidelity Ethereum Fund ETF 242% $348.5M -4.06%
ETH Grayscale Ethereum Mini Trust ETF 217% $474.1M -3.99%
BITB Bitwise Bitcoin ETF Trust 195% $198.8M -3.16%
SOLZ Solana ETF 153% $65.5M -4.42%

Currencies

The Currency ETF space saw subdued trading, with total volume of $70.1M, representing 93% of its 30-day average. No specific categories or tickers stood out with unusually high activity.

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 saw total volume of $2.1B, reaching 198% of its 30-day average. The day’s trading was dominated by Volatility funds, where the Short Volatility category traded at 259% of its average and the Long Volatility category traded at 193% of its average. This activity was evident in tickers like UVIX and VIXY, which saw volumes at 227% and 215% of their respective averages.

High-Volume Categories (>$100M Traded)

Category Activity vs ADV $ Volume 1-Day Return
Alternative: Volatility – Long 193% $1.7B +4.98%
Alternative: Volatility – Short 259% $330.3M -1.96%

High-Activity Ticker Outliers

Ticker Name Activity vs ADV $ Volume 1D Return
UVIX 2x Long VIX Futures ETF 227% $533.2M +10.03%
VIXY ProShares VIX Short-Term Futures ETF 215% $171.9M +4.97%
VXX iPath Series B S&P 500 VIX Short-Term Futures ETN 179% $491.1M +5.06%

Non-Traditional

Non-Traditional ETFs recorded volume of $45.6B, trading at 129% of the 30-day average. The activity was led by leveraged and inverse products, with the Leverage | Inverse – Crypto (157% of ADV), Leverage | Inverse – Commodity (156% of ADV), and Leverage | Inverse – Equity (144% of ADV) categories showing the highest turnover. Tickers with standout activity included ZALT, which traded at over 10 times its average volume, and XDTE, which traded at 451% of its average.

High-Volume Categories (>$100M Traded)

Category Activity vs ADV $ Volume 1-Day Return
Non-Traditional: Leverage | Inverse – Equity 144% $26.0B -0.04%
Non-Traditional: Leverage | Inverse – Crypto 157% $3.1B -3.44%
Non-Traditional: Leverage | Inverse – Commodity 156% $1.3B +0.12%

High-Activity Ticker Outliers

Ticker Name Activity vs ADV $ Volume 1D Return
ZALT Innovator U.S. Equity 10 Buffer ETF – Quarterly 1019% $39.2M -0.22%
PJAN Innovator U.S. Equity Power Buffer ETF – January 468% $13.5M -0.17%
XDTE Roundhill S&P 500 0DTE Covered Call Strategy ETF 451% $54.7M -0.44%
DDM ProShares Ultra Dow30 299% $52.2M +0.88%
UGL ProShares Ultra Gold 250% $265.0M +1.66%
SPXU ProShares UltraPro Short S&P500 215% $842.3M +0.69%
QQA Invesco QQQ Income Advantage ETF 203% $9.2M +0.69%
AGQ ProShares Ultra Silver 201% $495.5M -0.84%
SDS ProShares UltraShort S&P500 199% $457.3M +0.53%
SPYI NEOS S&P 500 High Income ETF 191% $244.7M -0.25%

Multi-Asset

Multi-Asset ETFs traded $153.2M, a volume of 106% compared to the 30-day average. The majority of this slightly elevated activity was seen in the Target Risk – Global Macro category, which traded at 163% of its average volume. The fund ALLW was the most notable contributor to this activity.

High-Volume Categories (>$100M Traded)

No categories met the high-volume criteria.

High-Activity Ticker Outliers

Ticker Name Activity vs ADV $ Volume 1D Return
ALLW SPDR Bridgewater All Weather ETF 188% $19.0M +0.37%

Disclaimer: This AI-assisted commentary is for informational purposes only. The “High-Volume Categories” table includes categories with over $100M in volume and activity at least 125% of their 30-day average, limited to the top 5 by volume. The “High-Activity Ticker Outliers” table shows the top 10 ETFs from each asset class, sorted by the highest trading activity versus their 30-day average. All reported ETFs have AUM over $250M and an ADV greater than $2.5M.

Disclosures: This material is for informational purposes only and should not be considered investment advice. All investments, including ETFs, involve risk, including the possible loss of principal. Investors should consider their investment objectives, risks, charges, and expenses carefully before investing.

This analysis was developed by the team at ETF Action. We leverage advanced AI tools to assist in the drafting and refinement of our content, based on our expert prompts, direction, and final review.