Limit Up Limit Down Tier 1 ETP List Updated Effective July 1, 2026

In conjunction with the other listing exchanges, effective July 1, 2026, the security symbols included in the Limit Up Limit Down Tier 1 ETP list will be updated. Tier 1 ETPs have narrower Limit Up Limit Down (LULD) Bands than Tier 2 ETPs. LULD Bands are applied during Regular Trading Hours starting at or shortly after 9:30 a.m. ET and ending at 4:00 p.m. ET, except in the case of scheduled early closes, pursuant to the LULD NMS Plan.

To determine eligibility for an ETP to be included as a LULD Tier 1 ETP, all ETPs across multiple asset classes and issuers, including domestic equity, international equity, fixed income, currency, and commodities and futures were identified. Leveraged ETPs were excluded, and the list was sorted by the notional consolidated average daily volume (CADV). The period used to measure CADV was from the first day of the previous fiscal half year up until one week before the beginning of the next fiscal half year. In this case, the time period was January 2, 2026, to June 24, 2026. Daily volumes were multiplied by closing prices and then averaged over the period. ETPs, including inverse ETPs, which traded over $2,000,000 CADV were eligible to be included as a LULD Tier 1 ETP.