THE MOST TRADED ETF PERPETUALS ETF-linked perpetuals have quietly become one of 2026's fastest-growing trading categories. Cumulative volume has surpassed $116 billion, accounting for 19% of all TradFi perpetual volume in July after averaging roughly 170% monthly growth over the past seven months. The most traded ETF perpetuals today are: • SOXL (3x Semiconductor Bull): $41.97 billion • KORU (3x South Korea Bull): $16.15 billion • EWY (MSCI South Korea): $8.43 billion • QQQ: $5.94 billion • SPY: $1.71 billion Interestingly, trading volume for Binance's KORU perpetual reached 148% of the underlying ETF's own trading volume. In other words, more leveraged Korean equity exposure was traded through Binance than through the ETF itself. That suggests ETF perpetuals are beginning to compete with traditional ETF markets for trading activity in certain niches. Still, there is some room to grow in the broader ETF market. Global ETF assets have reached $23.09T, while monthly ETF perpetual volume is currently around $100 billion. If ETF perpetuals eventually reached 10% of March 2026 ETF turnover, monthly volume could approach $780 billion.(Ali Charts)