October 12, 2026
- ETP average daily volume dipped 0.15% m/m (+0.83% y/y) to 3.87 bn, as the VIX average daily close increased 3.73% m/m (+0.05% y/y), to 15.80.
- Average daily value traded rose 7.06% m/m (-2.95% y/y) to $265.7 bn.
ETP ADV represented 22.77% of total equity ADV (-89 bps m/m), and 27.32% of ADVT (+73 bps m/m). - Active ETPs (transparent and semi-transparent) accounted for 12.27% (+25 bps m/m) of total AUM, 24.04% (-283 bps m/m) of total ADV and 8.24% (-7bps m/m) of total ADVT.
- The 20-most-active ETPs comprised 26.01% (-419 bp m/m) of total ETP volume and 5.92% (-122 bps m/m) of all equity volume during regular trading hours.
- Off-exchange venues (+256 bps m/m) gained the most market share; Nasdaq (-120 bps m/m) and NYSE Arca (-80 bps m/m) lost the most market share.
- Net ETP inflows were $132.25 bn; US equity funds ($44.95 bn) again led the pack, with US government fixed income ($35.51 bn) second. Only emerging market funds (-$3.84 bn) saw negative net outflows.
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