- ETP average daily volume jumped 18.34% m/m (+72.71% y/y), to 3.96 bn, as the VIX average daily close climbed 14.55% m/m (-9.39% y/y), to 18.09.
- Average daily value traded rose 12.97% m/m (+93.65% y/y) to $262.7 bn.
- ETPs accounted for 18.28% of total equity ADV (-80 bps m/m) and 25.50% of ADVT (-24 bps m/m).
- Active ETPs (transparent and semi-transparent) accounted for 10.39% (+10 bps m/m) of total AUM, 29.34% (-151 bps m/m) of total ADV and 8.93% (+26 bps m/m) of total ADVT.
- The 20-most-active ETPs comprised 35.37% (+171 bp m/m) of total ETP volume and 6.67% (+52 bps m/m) of all equity volume.
- Nasdaq (+58 bps m/m) gained the most market share. MIAX (-43 bps m/m) lost the most.
- Net ETP flows were positive once again, at a record $177.16 bn. All groups saw net inflows, with US equity ($81.84 bn) leading the pack, and US corporate fixed income funds ($27.38 bn) US government fixed income ($21.95 bn) a distant second and third.
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