Market Overview
On Thursday, Jul 30, the Dow Jones Industrial Average rose 1.19%, the S&P 500 added 1.66%, and the Nasdaq Composite advanced 2.78%.
ETF market breadth was constructive, with leveraged equity products broadly higher while inverse and short vehicles lagged. Commodity-linked funds firmed alongside precious metals, reinforcing a risk-on tone.
Top 5 US ETF Gainers
Tradr 2X Long IREN Daily ETF (IREX) jumped 61.25%. The fund targets two times the daily return of bitcoin mining and AI infrastructure company IREN, and it surged as the underlying shares advanced.
IREN increased its 2026 AI cloud recurring revenue target and signaled strong demand from large technology customers.
Leverage Shares 2x Long IREN Daily ETF (IREG) climbed 60.30%. Designed to deliver two times the daily performance of IREN, the ETF rallied as the stock extended its upswing.
Corgi NBIS 2x Daily ETF (NBIC) gained 59.97%. This product amplifies, by two times, daily moves in AI cloud infrastructure provider Nebius, and it rose alongside the stock’s advance.
Nebius moved higher as major technology companies increased commitments to AI cloud capacity.
Defiance Daily Target 2X Long IREN ETF (IRE) advanced 59.66%. The ETF seeks two times the daily move of IREN, mirroring the company’s intraday strength.
Leverage Shares 2X Long CIFR Daily ETF (CIFG) added 59.47%. The vehicle provides two times the daily performance of bitcoin mining company Cipher Mining, and it gained as the shares rallied with broader cryptocurrency-linked names.
Cipher Mining advanced as a broad rebound in bitcoin lifted cryptocurrency-related equities.
Top 5 US ETF Losers
Tradr 2X Short IREN Daily ETF (IREZ) slumped 61.24%. The vehicle seeks two times the inverse of IREN, and it tumbled as the underlying exposure firmed during the session.
Tradr 2X Short NBIS Daily ETF (NBIZ) declined 54.14%. Providing two times inverse exposure to Nebius Group, the fund dropped as the company’s shares advanced.
Tradr 2X Short BE Daily ETF (BEZ) fell 52.96%. The ETF offers two times inverse exposure to solid-oxide fuel cell manufacturer Bloom Energy Corporation, and it slid as the stock strengthened.
Tradr 2X Short SNDK Daily ETF (SNDQ) retreated 52.41%. The product delivers two times the inverse of flash memory company SanDisk, and it slipped as the shares firmed.
T-REX 2X INVERSE CRWV DAILY TARGET ETF (CORD) dropped 43.00%. The fund provides two times inverse exposure to cloud infrastructure company CoreWeave, and it declined as the underlying firmed.
Top 5 Equity Index ETFs
Direxion Daily MSCI Emerging Markets Bull 3X Shares (EDC) rose 12.35%. The fund targets three times the daily performance of the MSCI Emerging Markets index, and it benefited from the benchmark’s strength.
iShares MSCI South Korea ETF (EWY) advanced 11.79%. The ETF focuses on large- and mid-cap South Korean equities, and the gain mirrored the local market’s rally.
ProShares UltraPro QQQ (TQQQ) climbed 9.61%. The vehicle seeks three times the daily performance of the Nasdaq-100, and it moved higher with the index’s advance.
Proshares Ultra QQQ ETF (QLD) added 6.48%. The fund targets two times the daily move of the Nasdaq-100, and it rose as the benchmark strengthened.
iShares MSCI Taiwan ETF (EWT) gained 5.13%. The ETF tracks large- and mid-cap Taiwanese equities and participated in the market’s upswing.
Top 5 Commodity ETFs
Direxion Daily Gold Miners Index Bull 2X Shares (NUGT) advanced 8.27%. The fund targets two times the daily performance of global gold mining shares, and it rallied as miners outperformed.
ProShares Ultra Silver (AGQ) climbed 6.75%. The ETF seeks two times the daily move in silver prices, and it gained as the metal strengthened.
VanEck Gold Miners ETF (GDX) rose 4.36%. The fund concentrates on large-cap gold miners, and it advanced in step with the group.
VanEck Junior Gold Miners ETF (GDXJ) added 4.27%. The ETF focuses on small- and mid-cap gold miners, and it moved higher alongside the subsector.
DB GOLD DOUBLE LONG EXCH TRADED NOTES (DGP) increased 3.71%. The note offers two times long exposure to gold and benefited from the metal’s firm tone.
Top 5 Industry ETFs
Direxion Daily Semiconductors Bull 3x Shares (SOXL) surged 24.71%. The fund seeks three times the daily performance of U.S. semiconductor stocks, and it soared amid sector-wide strength.
VanEck Semiconductor ETF (SMH) gained 6.88%. The ETF concentrates on leading global chip manufacturers, and it advanced as the space rallied.
VanEck Uranium and Nuclear ETF (NLR) rose 5.51%. The fund targets uranium miners and nuclear energy companies, and it moved higher with the theme.
Technology Select Sector SPDR Fund (XLK) advanced 5.45%. The ETF focuses on U.S. large-cap technology constituents of the S&P 500, and it benefited from broad tech strength.
Invesco Solar ETF (TAN) added 4.53%. The fund concentrates on solar equipment makers and developers, and it climbed as renewable energy names firmed.
Top 5 Bond ETFs
First Trust SSI Strategic Convertible Securities ETF (FCVT) rose 3.85%. The fund invests in a diversified portfolio of convertible bonds, and it benefited from equity-sensitive credit strength.
iShares Convertible Bond ETF (ICVT) advanced 3.37%. The ETF holds U.S. dollar-denominated convertible securities, and it climbed alongside the asset class.
SPDR Bloomberg Convertible Securities ETF (CWB) gained 3.15%. The fund tracks an index of U.S. convertibles, and it rose in step with the segment.
VanEck Preferred Securities ex Financials ETF (PFXF) increased 1.67%. The ETF targets preferred securities excluding financial issuers, and it edged higher as credit conditions remained supportive.
SPDR Bloomberg Emerging Markets Local Bond ETF (EBND) added 0.91%. The fund focuses on local-currency emerging-market sovereign bonds, and it advanced modestly.
Conclusion
Risk appetite dominated ETF trading, with leveraged single-stock products linked to AI infrastructure and crypto mining posting outsized gains while their inverse counterparts fell sharply. Semiconductor-focused funds also stood out on the upside, complemented by strength across precious-metals plays and convertibles. The session featured clear dispersion between long and inverse vehicles tied to the same underlyings, underscoring leverage-driven volatility across products highlighted above.
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