Macro Summary
The market experienced a subdued session with total traded volume reaching $231.7B, registering at just 87% of the 30-day average. Activity was broadly muted across nearly all major asset classes, with broad equities, fixed income, and commodities seeing restricted capital velocity. Non-Traditional ETFs provided the sole exception to this trend, logging slightly elevated engagement at 109% of typical volume, driven primarily by outsized activity in leveraged single-stock exposures amidst broad market pullbacks.
| Asset Class | Volume | 30D Avg. | % of 30D Avg. |
|---|---|---|---|
| Equity | $151.1B | $175.1B | 86% |
| Fixed Income | $22.5B | $31.5B | 71% |
| Commodities | $6.9B | $11.2B | 61% |
| Digital Asset | $2.9B | $4.3B | 67% |
| Currencies | $54.2M | $148.2M | 37% |
| Alternatives | $1.1B | $1.3B | 84% |
| Non-Traditional | $47.1B | $43.0B | 109% |
| Multi-Asset | $209.0M | $231.9M | 90% |
Equity
Equity ETFs drove the bulk of aggregate market turnover with $151.1B in volume, though this represented a mild 86% of their historical 30-day average. Despite the broader cooling in flow velocity, thematic technology segments, specifically FinTech and Natural Resources, demonstrated concentrated, high-momentum rotation during the session.
High-Volume Categories
| Category | Activity vs ADV | $ Volume | 1-Day Return |
|---|---|---|---|
| Equity: Thematic – FinTech | 171% | $156.3M | -2.63% |
| Equity: Thematic – Natural Resources | 138% | $1.6B | -1.71% |
High-Activity Ticker Outliers
| Ticker | Name | Activity vs ADV | $ Volume | 1D Return |
|---|---|---|---|---|
| XT | iShares Future Exponential Technologies ETF | 2901% | $163.3M | -0.73% |
| IDGT | iShares U.S. Digital Infrastructure and Real Estate ETF | 1758% | $80.9M | -3.34% |
| INTF | iShares International Equity Factor ETF | 588% | $73.5M | -1.81% |
| MISL | First Trust Indxx Aerospace & Defense ETF | 466% | $51.2M | -1.06% |
| QEFA | State Street SPDR MSCI EAFE StrategicFactors ETF | 462% | $15.8M | -1.67% |
| IYC | iShares U.S. Consumer Discretionary ETF | 450% | $33.6M | -0.28% |
| LRGC | AB US Large Cap Strategic Equities ETF | 399% | $26.0M | -0.71% |
| TMSL | T. Rowe Price Small-Mid Cap ETF | 391% | $68.8M | -1.68% |
| FWD | AB Disruptors ETF | 371% | $85.8M | -2.04% |
| JHSC | John Hancock Multifactor Small Cap ETF | 365% | $9.2M | -0.83% |
Fixed Income
Fixed Income trading was notably restrained, generating $22.5B in total volume which amounted to just 71% of typical historical activity. While aggregate volume levels stayed uniformly muted, targeted short-duration, high-yield, and securitized vehicles observed localized spikes in isolated ticker 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 |
|---|---|---|---|---|
| STOT | State Street DoubleLine Short Duration Total Return Tactical ETF | 471% | $15.4M | -0.06% |
| SPMB | State Street SPDR Portfolio Mortgage Backed Bond ETF | 342% | $76.4M | -0.25% |
| JBBB | Janus Henderson B-BBB CLO ETF | 323% | $44.5M | +0.05% |
| HYDB | iShares High Yield Systematic Bond ETF | 307% | $37.1M | -0.42% |
| AGGH | Simplify Aggregate Bond ETF | 292% | $11.0M | -0.17% |
| USTB | VictoryShares Short-Term Bond ETF | 270% | $34.3M | -0.07% |
| SPIP | State Street SPDR Portfolio TIPS ETF | 254% | $15.3M | -0.11% |
| GIGB | Goldman Sachs Access Investment Grade Corporate Bond ETF | 229% | $11.4M | -0.32% |
| DBND | DoubleLine Opportunistic Core Bond ETF | 213% | $5.7M | -0.08% |
| MUST | Columbia Multi-Sector Municipal Income ETF | 197% | $5.4M | -0.07% |
Commodities
Commodity ETFs observed a slow session with $6.9B in value traded, trailing significantly at 61% of their 30-day baseline. Broad market strategy rolls and agricultural baskets absorbed mild outlier positioning compared to heavier weights like precious metals and energy infrastructure.
High-Volume Categories
No items met the inclusion criteria for this session.
High-Activity Ticker Outliers
| Ticker | Name | Activity vs ADV | $ Volume | 1D Return |
|---|---|---|---|---|
| CMDY | iShares Bloomberg Roll Select Commodity Strategy ETF | 216% | $9.2M | +0.14% |
| COMT | iShares U.S. ETF Trust iShares GSCI Commodity Dynamic Roll Strategy ETF | 190% | $68.5M | -0.74% |
| DBA | Invesco DB Agriculture Fund | 174% | $83.9M | -0.89% |
Digital Asset
Digital Asset strategies saw $2.9B in volume, moving at a restrained 67% of usual parameters. Spot Bitcoin and Ethereum vehicles both traded consistently below average volume profiles during a broader repricing and moderate volatility compression across the crypto complex.
High-Volume Categories
No items met the inclusion criteria for this session.
High-Activity Ticker Outliers
| Ticker | Name | Activity vs ADV | $ Volume | 1D Return |
|---|---|---|---|---|
| EZBC | Franklin Bitcoin ETF | 207% | $12.7M | -1.59% |
| BTCO | Invesco Galaxy Bitcoin ETF | 188% | $13.3M | -1.61% |
Currencies
Currency ETFs experienced a distinctly inactive environment, with trading volume measuring just $54.2M. This registered at an abnormally low 37% of average daily turnover, with almost no notable shifts in fx exposure.
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 strategy ETFs processed $1.1B in trading volume, pacing at 84% of their 30-day average. The session featured highly balanced positioning with no acute tactical shifts or significant relative volume surges into absolute return or volatility components.
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 products acted as the sole segment to outpace historical averages, realizing $47.1B in total volume (109% of ADV). This elevated activity was heavily dominated by leveraged single-stock derivatives tied to semiconductors, tech mega-caps, and broad indices, reflecting tactical adjustments during the equity drawdown.
High-Volume Categories
No items met the inclusion criteria for this session.
High-Activity Ticker Outliers
| Ticker | Name | Activity vs ADV | $ Volume | 1D Return |
|---|---|---|---|---|
| DDM | ProShares Ultra Dow30 | 392% | $51.1M | -1.01% |
| AMDL | GraniteShares 2x Long AMD Daily ETF | 256% | $846.7M | -6.18% |
| YMAG | YieldMax Magnificent 7 Fund of Option Income ETFs | 222% | $25.2M | +0.74% |
| INTW | GraniteShares 2x Long INTC Daily ETF | 210% | $237.7M | -5.91% |
| SNXX | Tradr 2X Long SNDK Daily ETF | 198% | $1.5B | -9.86% |
| IRE | Defiance Daily Target 2X Long IREN ETF | 198% | $222.2M | -10.42% |
| BUFQ | FT Vest Laddered Nasdaq Buffer ETF | 190% | $14.3M | -0.01% |
| AIPI | REX AI Equity Premium Income ETF | 189% | $8.4M | +0.60% |
| TZA | Direxion Daily Small Cap Bear 3X ETF | 189% | $1.5B | +4.43% |
| PLTU | Direxion Daily PLTR Bull 2X ETF | 188% | $224.9M | +4.30% |
Multi-Asset
Multi-Asset ETFs witnessed a tempered session with $209.0M in cumulative volume, operating at 90% of their 30-day moving average. Trading activity lacked aggressive overarching conviction, remaining mostly concentrated in alternative sleeve implementations and targeted global macro allocations.
High-Volume Categories
No items met the inclusion criteria for this session.
High-Activity Ticker Outliers
| Ticker | Name | Activity vs ADV | $ Volume | 1D Return |
|---|---|---|---|---|
| RSST | Return Stacked U.S. Stocks & Managed Futures ETF | 202% | $5.7M | -0.44% |
| ALLW | State Street Bridgewater All Weather ETF | 164% | $32.4M | -0.79% |
