Macro Summary
The ETF market experienced a broadly muted session with total trading volume reaching $213.83B, pacing at just 59% of the 30-day average. All major asset classes registered subdued participation, pulling back noticeably from standard volume baselines. Multi-Asset and Digital Asset products displayed the most resilience, maintaining the closest proximity to their historical activity norms amidst the widespread quiet.
| Asset Class | Volume | 30D Avg. | % of 30D Avg. |
|---|---|---|---|
| Equity | $137.35B | $246.71B | 56% |
| Fixed Income | $25.27B | $42.75B | 59% |
| Commodities | $9.10B | $20.15B | 45% |
| Digital Asset | $4.35B | $5.28B | 82% |
| Currencies | $144.79M | $192.37M | 75% |
| Alternatives | $1.05B | $2.03B | 52% |
| Non-Traditional | $36.32B | $46.41B | 78% |
| Multi-Asset | $253.23M | $255.71M | 99% |
Equity
Equity ETFs saw $137.35B in total volume, tracking at a subdued 56% of their 30-day average. Thematic and specific regional plays saw pockets of targeted strength, notably within FinTech and Latin American exposures, which outpaced broader benchmarks.
High-Volume Categories
| Category | Activity vs ADV | $ Volume | 1-Day Return |
|---|---|---|---|
| Equity: Thematic – FinTech | 210% | $154.03M | +3.14% |
| Equity: Region – Latin America | 180% | $231.06M | +0.55% |
| Equity: U.S. Mid Cap – Growth | 154% | $526.45M | +1.85% |
| Equity: U.S. Mid Cap – Value | 129% | $417.01M | +0.79% |
High-Activity Ticker Outliers
| Ticker | Name | Activity vs ADV | $ Volume | 1D Return |
|---|---|---|---|---|
| GII | State Street SPDR S&P Global Infrastructure ETF | 692% | $31.39M | -1.03% |
| MODL | VictoryShares WestEnd U.S. Sector ETF | 608% | $26.00M | +1.01% |
| DAPP | VanEck Digital Transformation ETF | 607% | $69.24M | +4.72% |
| HACK | Amplify Cybersecurity ETF | 357% | $28.68M | +4.80% |
| DMXF | iShares ESG Advanced MSCI EAFE ETF | 350% | $32.66M | +0.99% |
| CLSE | Convergence Long/Short Equity ETF | 342% | $12.09M | -0.30% |
| IWL | iShares Russell Top 200 ETF | 306% | $30.95M | +1.02% |
| IWC | iShares Micro-Cap ETF | 298% | $30.98M | +1.66% |
| LIT | Global X Lithium & Battery Tech ETF | 289% | $55.11M | +2.60% |
| IDU | iShares U.S. Utilities ETF | 278% | $48.52M | -1.10% |
Fixed Income
Fixed Income generated $25.27B in trading volume, representing 59% of average daily activity. Outsized flows and anomalous activity clustered within short-duration municipals and specialized interest rate volatility products.
High-Volume Categories
| Category | Activity vs ADV | $ Volume | 1-Day Return |
|---|---|---|---|
| Fixed Income: Specialty – Interest Rate Volatility | 133% | $103.81M | +0.10% |
| Fixed Income: Municipal – Short | 128% | $260.58M | +0.05% |
High-Activity Ticker Outliers
| Ticker | Name | Activity vs ADV | $ Volume | 1D Return |
|---|---|---|---|---|
| IBD | Inspire Corporate Bond ETF | 779% | $28.15M | -0.10% |
| BSCR | Invesco BulletShares 2027 Corporate Bond ETF | 346% | $54.78M | -0.03% |
| HTRB | Hartford Total Return Bond ETF | 345% | $40.92M | +0.16% |
| PULS | PGIM Ultra Short Bond ETF | 330% | $425.87M | +0.01% |
| BNDW | Vanguard Total World Bond ETF | 330% | $25.36M | +0.18% |
| MEAR | iShares Short Maturity Municipal Bond Active ETF | 309% | $31.49M | +0.06% |
| CGSM | Capital Group Short Duration Municipal Income ETF | 276% | $20.02M | +0.04% |
| XHLF | BondBloxx Bloomberg Six Month Target Duration US Treasury ETF | 272% | $58.88M | +0.01% |
| SCHJ | Schwab 1-5 Year Corporate Bond ETF | 243% | $9.55M | +0.12% |
| SGVT | Schwab Government Money Market ETF | 222% | $61.81M | +0.01% |
Commodities
Commodities recorded a quiet session with $9.10B in volume, just 45% of its 30-day average. Industrial metals were a rare standout for relative liquidity, though activity remained broadly lower across the 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 |
|---|---|---|---|---|
| DBB | Invesco DB Base Metals Fund | 316% | $35.53M | +2.10% |
Digital Asset
Digital Asset ETFs traded $4.35B, registering at 82% of normal levels to log one of the more resilient relative activity profiles of the overall session.
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 ETF volume was constrained at $144.79M, pacing at 75% of average daily activity without any major high-volume breakouts.
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 strategies saw $1.05B in turnover, trading at 52% of their usual levels, primarily driven by targeted participation in managed futures.
High-Volume Categories
No items met the inclusion criteria for this session.
High-Activity Ticker Outliers
| Ticker | Name | Activity vs ADV | $ Volume | 1D Return |
|---|---|---|---|---|
| CTA | Simplify Managed Futures Strategy ETF | 163% | $46.55M | +1.80% |
Non-Traditional
Non-Traditional products handled $36.32B in trading volume, tracking at 78% of the 30-day average. Leverage and inverse funds dominated the outlier activity matrix, joined by specific flows into synthetic income buffers.
High-Volume Categories
No items met the inclusion criteria for this session.
High-Activity Ticker Outliers
| Ticker | Name | Activity vs ADV | $ Volume | 1D Return |
|---|---|---|---|---|
| DGP | DB Gold Double Long Exchange Traded Notes | 323% | $84.53M | -1.54% |
| BUFQ | FT Vest Laddered Nasdaq Buffer ETF | 209% | $14.93M | +0.57% |
| PLTU | Direxion Daily PLTR Bull 2X ETF | 209% | $201.23M | +6.82% |
| ROM | ProShares Ultra Technology | 195% | $6.36M | +4.21% |
| BALI | iShares U.S. Large Cap Premium Income Active ETF | 188% | $10.85M | +0.75% |
| QQA | Invesco QQQ Income Advantage ETF | 184% | $10.91M | +0.69% |
| SNXX | Tradr 2X Long SNDK Daily ETF | 183% | $788.90M | +27.13% |
| BUFR | FT Vest Laddered Buffer ETF | 176% | $84.15M | +0.55% |
| USOI | UBS AG ETRACS Crude Oil Shares Covered Call ETNs due April 24; 2037 | 174% | $8.70M | +1.61% |
| LITX | Tradr 2X Long LITE Daily ETF | 173% | $278.23M | -5.37% |
Multi-Asset
Multi-Asset volume came in at $253.23M, maintaining 99% of its usual 30-day activity, demonstrating the strongest relative participation among all asset classes during the session.
High-Volume Categories
No items met the inclusion criteria for this session.
High-Activity Ticker Outliers
| Ticker | Name | Activity vs ADV | $ Volume | 1D Return |
|---|---|---|---|---|
| AOM | iShares Core 40/60 Moderate Allocation ETF | 365% | $27.93M | +0.46% |
| AOK | iShares Core 30/70 Conservative Allocation ETF | 317% | $26.41M | +0.38% |
