Tradeweb Markets Inc. has reported record-breaking trading activity for its European and U.S.-listed ETF platforms in the second quarter of 2025. In June, the European ETF marketplace saw a total traded volume of EUR 60.4 billion, with an all-time high of 29.5% of notional volume automated via Tradeweb's Automated Intelligent Execution (AiEX). European ETF trading volumes surpassed EUR 220 billion for the quarter, marking a 42.2% increase compared to the previous year, with a 16.7% year-over-year rise in total traded volume for June. In the U.S., the total consolidated ETF notional value traded in June reached USD 58.5 billion. The second quarter of 2025 saw a total of USD 258.5 billion traded on the U.S. ETF marketplace, reflecting a 16.7% year-over-year increase in June notional volumes. Notably, 38% of transactions were executed via AiEX, the highest level of automation since March 2021. Equities accounted for 57% of the total notional value, with fixed income representing 36%, and the remainder comprising commodity and specialty ETFs. North America Equities was the most heavily-traded ETF category with nearly EUR 15 billion traded in June.