ETF Daily Wrap: Precious Metals Shine with 2x Volume While IGRO’s Volume Spikes 3,253%

Macro Summary

The ETF market saw a total of $231.4B traded, representing 96% of the recent 30-day average volume. The dominant theme of the day was a significant surge in the Commodities space, which traded at an exceptional 201% of its average daily volume. This heightened activity was almost entirely driven by the Precious Metals category, where ETFs saw more than double their usual turnover. Non-Traditional ETFs also saw elevated interest, trading at 111% of their average, largely powered by activity in leveraged and inverse single-stock products.

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Equity

The Equity asset class recorded $147.3B in volume, trading at 89% of its 30-day average. Above-average activity was noted in several thematic categories, including Health Innovation, FinTech, and Natural Resources. This was largely driven by heavy turnover in specific names like ARKG in the genomics space, alongside several blockchain and metals and mining ETFs.

High-Volume Categories (>$100M Traded)

High-Activity Ticker Outliers

Fixed Income

Fixed Income ETFs traded $24.1B, or 89% of their 30-day average volume. The most notable activity occurred in Emerging Markets bonds, which traded at 334% of their typical volume, primarily due to exceptional turnover in EMLC. Other pockets of high activity were seen in Emerging Markets USD bonds and Long-Term bonds, though Corporate and Government bond categories saw quieter than average sessions.

High-Volume Categories (>$100M Traded)

High-Activity Ticker Outliers

Commodities

The Commodities asset class was the center of attention, with trading volume hitting $16.2B, a remarkable 201% of its 30-day average. This surge was almost entirely concentrated in the Precious Metals category, which traded at 211% of its average on over $15.5B in volume. The intense activity was evident in broad-based gold funds like GLD and palladium-focused PALL, both of which saw exceptionally high turnover.

High-Volume Categories (>$100M Traded)

High-Activity Ticker Outliers

Crypto

Digital Asset ETFs saw robust activity, trading $7.7B, which is 123% of the 30-day average. The volume was concentrated in Bitcoin products, which traded at 136% of their average volume. This heightened interest was led by notable activity in major funds such as GBTC and BITO, alongside Franklin’s EZBC which also saw significantly higher than usual turnover.

High-Volume Categories (>$100M Traded)

High-Activity Ticker Outliers

Currencies

Currency ETFs experienced elevated activity, with total volume of $78.1M, representing 115% of the 30-day average. The trading was dispersed across various currency pairs without a single dominant driver.

High-Volume Categories (>$100M Traded)

High-Activity Ticker Outliers

Alternatives

The Alternatives asset class saw subdued trading with $614.5M in volume, 71% of its 30-day average. Activity was quiet across the board, with no specific categories or tickers showing significant deviation from their usual trading patterns.

High-Volume Categories (>$100M Traded)

High-Activity Ticker Outliers

Non-Traditional

Non-Traditional ETFs saw elevated volume, trading $35.4B, or 111% of their 30-day average. The activity was heavily concentrated in the Leverage/Inverse Single Stock category, which saw over $12.1B change hands. This was largely driven by exceptional turnover in leveraged single-stock ETFs such as AMDL and AMZU, indicating highly tactical, stock-specific trading.

High-Volume Categories (>$100M Traded)

High-Activity Ticker Outliers

Multi-Asset

Multi-Asset ETFs saw a notable uptick in volume, trading $171.2M, or 129% of their 30-day average. The primary driver was the Global Macro category, which traded at an impressive 206% of its average. This activity was heavily concentrated in the Bridgewater All Weather ETF (ALLW), which experienced nearly triple its usual trading volume.

High-Volume Categories (>$100M Traded)

High-Activity Ticker Outliers