ETP average daily volume edged up 1.15% m/m (-18.76% y/y), to 2.00 bn, as the VIX average daily close dropped 20.69% m/m (-50.43% y/y), to 13.99.
Average daily value traded increased 13.43% m/m (-15.34% y/y), to $141.0 bn.
ETPs accounted for 17.78% of total equity ADV (-85 bps m/m) and 25.66% of ADVT (+46 bps m/m).
The 20-most-active ETPs comprised 43.28% (-4 bps m/m) of total ETP volume and 7.69% (-38 bps m/m) of all equity volume.
Off-exchange (+129 bps m/m) gained the most market share; Cboe EDGX (-49 bps m/m) lost the most.
Net ETP fund net flows were their strongest in eight months (+$57.35 bn), with US equity funds ($37.73 bn) leading the way again and US corporate fixed income funds (+9.21 bn) a distant second. Commodity funds (-$2.40 bn) suffered the largest net outflows of any group.