- ETP average daily volume fell 6.15% m/m (-12.12% y/y), to 1.88 bn, as the VIX average daily close slipped 0.44% m/m (-44.26% y/y), to 13.93.
- Average daily value traded decreased 2.88% m/m (+0.34% y/y), to $137.0 bn.
- ETPs accounted for 18.86% of total equity ADV (+108 bps m/m) and 27.46% of ADVT (+180 bps m/m).
- The 20-most-active ETPs comprised 41.76% (-152 bps m/m) of total ETP volume and 7.87% (+18 bps m/m) of all equity volume.
- Cboe BZX (+61 bps m/m) gained the most market share; off-exchange venues (-66 bps m/m) lost the most.
- Net ETP fund net flows were positive (+$28.78 bn), with US equity funds ($28.78 bn) leading the way again and US government fixed income funds (+4.96 bn) a distant second. Only commodity (-$1.60 bn) and currency ETPs (-$101 mn) suffered net outflows.
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