- ETP average daily volume dipped 0.77% m/m (+3.79% y/y), to 1.95 bn, as the VIX average daily close climbed 13.79% m/m (-28.49% y/y), to 15.85.
- Average daily value traded fell 4.78% m/m (+12.21% y/y), to $137.0 bn.
- ETPs accounted for 18.57% of total equity ADV (-29 bps m/m) and 27.77% of ADVT (+31 bps m/m).
- The 20-most-active ETPs comprised 44.05% (+229 bps m/m) of total ETP volume and 7.87% (+31 bps m/m) of all equity volume.
- Nasdaq (+59 bps m/m) gained the most market share; off-exchange venues (-87 bps m/m) lost the most.
- Net ETP fund net flows were positive (+$3.55 bn), with US government fixed income funds ($6.50 bn) leading the way, followed by global funds (+3.05 bn). Commodity (-$3.62 bn) and currency ETPs (-$2.88) suffered the largest net outflows.
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