Hut's 6.88% Rally and $380M Volume Surge Propels It to 308th in U.S. Equity Trading

On October 8, 2025, Hut (HUT) closed with a 6.88% gain, marking its highest single-day volume of $380 million—a 57.68% surge from the previous day’s trading. The stock ranked 308th in volume among U.S. equities, reflecting heightened short-term institutional or retail activity.

The price movement followed a period of elevated volatility in the cryptocurrency sector, though no direct corporate announcements or regulatory updates were reported for Hut during the period. Analysts noted the volume spike aligned with broader market rotation into high-beta assets, though the stock’s relative performance diverged from broader market indices.

Back-testing of a strategy involving daily rebalancing of the 500 most actively traded U.S. stocks (by dollar volume) is currently constrained by platform limitations. The existing tools support single-asset analysis but cannot process multi-asset portfolios requiring daily rebalancing of 500 securities. Alternative approaches include using a broad-market ETF proxy for high-volume stocks or narrowing the scope to a single security’s performance within the top-500-by-volume criteria.

For the proposed strategy, the back-test cannot be executed in its current form due to the cross-sectional nature of the portfolio. A potential workaround would involve testing a single stock’s behavior when included in the top-500-by-volume list, though this would not fully replicate the multi-asset approach.