Retail's June Rebound Skipped Crypto

June trading data from the largest US listed brokers shows retail activity accelerating into quarter-end, with the gains concentrated in options and event contracts rather than digital assets.

Retail order flow rose across the largest US listed brokers in June 2026, but the increase did not reach every asset class equally. Interactive Brokers reported Daily Average Revenue Trades of 5.269 million, up 53% year-over-year. Robinhood, through June 25, disclosed equity notional volume of roughly $343 billion, already above its full-May total of $315.3 billion, and options volume of about 274 million contracts. Event contracts led every Robinhood segment, tracking roughly 60% higher month-over-month and about 136% above analyst consensus. Crypto was the outlier: notional volume rose about 38% month-over-month yet came in roughly 51% below consensus. The pattern points to a rebound led by options and prediction markets, not the digital-asset activity that drove prior retail cycles.