- ETP average daily volume rose 41.86% m/m (+27.19% y/y), to 2.56 bn, as the VIX average daily close climbed 14.12% m/m (3.91% y/y), to 14.48.
- Average daily value traded jumped 40.99% m/m (+21.39% y/y), to $175.9 bn.
- ETPs accounted for 22.84% of total equity ADV (+764 bps m/m) and 29.94% of ADVT (+939 bps m/m).
- The 20-most-active ETPs comprised 26.73% (-1,119 bps m/m) of total ETP volume and 6.10% (+34 bps m/m) of all equity volume.
- Cboe EDGX (+34 bps m/m) gained the most market share, while its sister exchange, Cboe EDGA (-43 bps m/m), lost the most.
- Net ETP flows were positive for a 16th consecutive month at $102.15 bn, with US equity funds ($71.20 bn) leading the way and US corporate fixed income funds (+$18.08 bn) a distant second. Only emerging market (-$3,682 mln) and and foreign developed market funds (-$417 mn) suffered net outflows.
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