Real Assets in Play as MLPs, Gold Miners & Infrastructure ETFs See Outsized Volumes

Posted on by ETF Action
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Macro Summary

The ETF market recorded a solid day of trading, with total volume reaching $241.0B, approximately 107% of its 30-day average. The heightened activity was not uniform, with notable pockets of interest. Leveraged single-stock ETFs were a clear standout, trading at 150% of their recent average. This surge was led by funds like the Tradr 2X Long CRWV Daily ETF (CWVX), which saw volume spike to 325% of its average. Additionally, the Commodities asset class was active, trading at 123% of its 30-day average, with a particular focus on Precious Metals.

Explore the Live Asset Class Dashboard

Asset Class Volume 30D Avg. % of 30D Avg.
Equity $169.5B $155.0B 109%
Fixed Income $24.4B $26.3B 93%
Commodities $7.3B $5.9B 123%
Crypto $5.7B $6.3B 91%
Currencies $79.5M $65.3M 122%
Alternatives $712.8M $951.7M 75%
Non-Traditional $33.1B $30.1B 110%
Multi-Asset $152.5M $127.5M 120%

Equity

The Equity asset class saw elevated trading, with total volume reaching $169.5B, or 109% of its 30-day average. The most notable activity was in Precious Metals miners, where volume surged to 183% of its average. U.S. Small Cap Blend funds also experienced heavy trading at 147% of their average, alongside significant interest in Infrastructure and Midstream & MLP ETFs.

High-Volume Categories (>$100M Traded)

Category Activity vs ADV $ Volume 1-Day Return
U.S. Small Cap – Blend 147% $14.2B +0.24%
Precious Metals 183% $3.5B +3.82%
Infrastructure 127% $252.7M +0.63%
Midstream & MLPs 143% $137.3M -0.41%

High-Activity Ticker Outliers

Ticker Name Activity vs ADV $ Volume 1D Return
SPGM SPDR Portfolio MSCI Global Stock Market ETF 1030% $46.7M +0.38%
JGRO JPMorgan Active Growth ETF 693% $241.9M +0.70%
PBW Invesco WilderHill Clean Energy ETF 606% $78.8M +2.50%
IXC iShares Global Energy ETF 547% $72.5M +0.19%
SMLF iShares U.S. SmallCap Equity Factor ETF 414% $58.6M +0.16%
ARGT Global X MSCI Argentina ETF 390% $90.4M +6.94%
FLIN Franklin FTSE India ETF 378% $72.6M -0.85%
MGC Vanguard Mega Cap ETF 371% $109.1M +0.57%
SLVR Sprott Silver Miners & Physical Silver ETF 364% $22.2M +8.60%
HDV iShares Core High Dividend ETF 344% $178.0M -0.69%

Fixed Income

The Fixed Income asset class saw a relatively subdued session, with total volume of $24.4B, trading at 93% of its 30-day average. The most notable activity was in Government Intermediate bonds, which traded at 213% of their average, driven by the Vanguard Intermediate-Term Treasury ETF (VGIT).

High-Volume Categories (>$100M Traded)

Category Activity vs ADV $ Volume 1-Day Return
Government Intermediate 213% $1.2B -0.12%

High-Activity Ticker Outliers

Ticker Name Activity vs ADV $ Volume 1D Return
USIG iShares Broad USD Investment Grade Corporate Bond ETF 1355% $795.2M -0.23%
FIXT TCW Core Plus Bond ETF 1030% $29.1M -0.07%
VGIT Vanguard Intermediate-Term Treasury ETF 542% $707.9M -0.12%
IBDY iShares iBonds Dec 2033 Term Corporate ETF 486% $19.2M -0.15%
JPIB JPMorgan International Bond Opportunities ETF of Benef Interest 416% $35.4M -0.07%
IBDQ iShares iBonds Dec 2025 Term Corporate ETF 378% $38.2M -0.02%
TDTT FlexShares iBoxx 3 Year Target Duration TIPS Index Fund 292% $28.9M -0.06%

Commodities

The Commodities asset class saw a significant pickup in activity, with $7.3B traded, representing 123% of its 30-day average. The interest was heavily concentrated in Precious Metals, which traded at 128% of their average volume.

High-Volume Categories (>$100M Traded)

Category Activity vs ADV $ Volume 1-Day Return
Precious Metals 128% $6.8B +1.69%

High-Activity Ticker Outliers

Ticker Name Activity vs ADV $ Volume 1D Return
GLTR abrdn Physical Precious Metals Basket Shares ETF 230% $12.7M +1.88%
PPLT abrdn Physical Platinum Shares ETF 210% $72.1M +0.83%
SLV iShares Silver Trust 176% $1.3B +2.44%

Crypto

The Digital Asset class experienced a quiet trading day, with total volume of $5.7B, which was 91% of its 30-day average. The most notable pocket of activity was in Solana ETFs, which traded at 178% of their recent average.

High-Volume Categories (>$100M Traded)

Category Activity vs ADV $ Volume 1-Day Return
Solana 178% $102.1M -8.00%

High-Activity Ticker Outliers

Ticker Name Activity vs ADV $ Volume 1D Return
SSK REX-Osprey SOL + Staking ETF 216% $46.1M -7.74%
HODL VanEck Bitcoin ETF 165% $45.4M -2.61%

Currencies

The Currency asset class saw elevated trading with $79.5M in volume, 122% of its 30-day average. The most notable activity was in the Invesco CurrencyShares Swiss Franc Trust (FXF), which traded at 192% of its normal volume.

High-Volume Categories (>$100M Traded)

Category
No categories met the high-volume criteria.

High-Activity Ticker Outliers

Ticker Name Activity vs ADV $ Volume 1D Return
FXF Invesco CurrencyShares Swiss Franc Trust 192% $8.7M +0.42%

Alternatives

The Alternatives asset class had a quiet session, with total volume of $712.8M, trading at 75% of its 30-day average. The one bright spot of activity was in Managed Futures, where ETFs traded at 210% of their average, led by the iMGP DBi Managed Futures Strategy ETF (DBMF).

High-Volume Categories (>$100M Traded)

Category
No categories met the high-volume criteria.

High-Activity Ticker Outliers

Ticker Name Activity vs ADV $ Volume 1D Return
DBMF iMGP DBi Managed Futures Strategy ETF 311% $38.6M +0.42%

Non-Traditional

The Non-Traditional asset class saw elevated volume of $33.1B, trading at 110% of its 30-day average. The primary driver was leveraged single-stock ETFs, which traded at 150% of their average. Synthetic Income ETFs also saw notable activity, particularly those focused on Crypto and Single Stock strategies.

High-Volume Categories (>$100M Traded)

Category Activity vs ADV $ Volume 1-Day Return
Leverage | Inverse – Single Stock 150% $12.6B +0.51%
Synthetic Income – Single Stock 141% $1.0B +0.01%
Synthetic Income – Crypto 171% $110.6M -2.54%

High-Activity Ticker Outliers

Ticker Name Activity vs ADV $ Volume 1D Return
USDX SGI Enhanced Core ETF 1269% $55.9M +0.16%
CWVX Tradr 2X Long CRWV Daily ETF 325% $333.4M +12.66%
BUFD FT Vest Laddered Deep Buffer ETF 293% $14.6M +0.16%
AMZY YieldMax AMZN Option Income Strategy ETF 253% $10.5M -1.07%
SMCX Defiance Daily Target 2X Long SMCI ETF 243% $141.4M +4.96%
NVDX T-Rex 2X Long NVIDIA Daily Target ETF 231% $434.5M +7.41%
NUGT Direxion Daily Gold Miners Index Bull 2x Shares 224% $226.6M +5.43%
GDXU MicroSectors Gold Miners 3X Leveraged ETN 194% $141.9M +8.53%
FEPI REX FANG & Innovation Equity Premium Income ETF 189% $9.3M +0.18%
IWMI NEOS Russell 2000 High Income ETF 177% $14.7M -0.13%

Multi-Asset

The Multi-Asset class saw a notable increase in activity, trading $152.5M in volume, which was 120% of its 30-day average. The heightened interest was spread across various strategies, with no single category dominating the activity.

High-Volume Categories (>$100M Traded)

Category
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 185% $7.7M +4.51%

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.

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