- ETP average daily volume jumped 46.85% m/m (+71.86% y/y), to 3.84 bn, as the VIX average daily close climbed 28.09% m/m (58.41% y/y), to 21.84.
- Average daily value traded rose 48.81% m/m (+55.41% y/y), to $244.7 bn.
- ETPs accounted for 23.99% of total equity ADV (+725 bps m/m) and 31.45% of ADVT (+886 bps m/m).
- The 20-most-active ETPs comprised 39.02% (+364 bp m/m) of total ETP volume and 9.36% (+344 bps m/m) of all equity volume.
- Nasdaq (+82 bps m/m) and NYSE Arca (+50 bps m/m) gained the most market share, while off-board venues (-90 bps m/m) lost the most.
- Net ETP flows were positive for a 15th consecutive month, at $66.42 bn. US equity ($36.29 bn) led the way with global funds (+8.10 bn) a distant second; Only currency funds (-$854 mn) suffered net outflows
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