September 14, 2026
- ETP average daily volume fell 15.40% m/m (+12.90% y/y) to 3.87 bn, as the VIX average daily close declined 11.11% m/m (-3.30% y/y), to 15.23.
- Average daily value dropped 7.25% m/m (+10.71% y/y) to $248.2 bn.
- ETP ADV represented 23.66% of total equity ADV (-261 bps m/m), and 26.58% of ADVT (+55 bps m/m).
- Active ETPs (transparent and semi-transparent) accounted for 12.02% (+11 bps m/m) of total AUM, 26.87% (+388 bps m/m) of total ADV and 8.30% (-240bps m/m) of total ADVT.
- The 20-most-active ETPs comprised 30.20% (-175 bp m/m) of total ETP volume and 7.14% (-179 bps m/m) of all equity volume, during regular trading hours.
- Nasdaq (+101 bps m/m) gained the most market share; Off-exchange venues (-42 bps m/m) lost the most market share.
- Net ETP inflows were $176.94 bn, as all fund groups seeing positive net-inflows. US equity funds ($72.03 bn) once again led the pack, with US corporate fixed income ($30.49 bn) and US government fixed income ($24.35) second and third.
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