- ETP average daily volume ticked up 0.67% m/m (+18.53% y/y), to 3.04 bn, as the VIX average daily close declined 10.34% m/m (+12.80% y/y), to 16.33.
- Average daily value traded dipped 1.17% m/m (+11.54% y/y) to $196.1 bn.
- ETPs accounted for 16.83% of total equity ADV (+31 bps m/m) and 25.06% of ADVT (+18 bps m/m).
- The 20-most-active ETPs comprised 38.10% (-161 bp m/m) of total ETP volume and 6.41% (-15 bps m/m) of all equity volume.
- Off-exchange venues (+203 bps m/m) gained the most market share, while NYSE Arca (-101 bps m/m) and Cboe EDGX (-66 bps m/m) lost the most.
- Net ETP flows were positive for a 19th consecutive month, at $66.78 bn. All fund groups saw net inflows, with US equity ($32.71 bn) and global funds ($10.69 bn) leading the way.
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