Tradeweb Markets Inc.
04/10/2026 | Press release | Distributed by Public on 04/10/2026 10:28
Tradeweb Exchange-Traded Funds Update – March 2026
The following data is derived from trading activity on the Tradeweb Markets institutional European- and U.S.-listed ETF platforms.
EUROPEAN-LISTED ETFs
Total traded volume
Trading activity on the Tradeweb European-listed ETF marketplace reached a record EUR 112.3 billion in March 2026, beating April 2025's previous best performance by EUR 14.2 billion. The proportion of transactions and notional volume completed via Tradeweb's Automated Intelligent Execution (AiEX) tool amounted to 95% and 27%, respectively.
Adam Gould, Global Head of Equities at Tradeweb, said: "March ETF activity contributed to a record first quarter for our European ETF platform, with volumes just shy of EUR 280 billion, significantly surpassing previous quarters. This elevated level of trading underlines how institutional investors are increasingly using ETFs to actively manage exposures and respond to shifting market conditions."
Volume breakdown
Both equity and fixed income ETFs saw net selling in March, whereas 'buys' mirrored 'sells' in commodity ETFs. Activity in bond- and commodity-based products increased to 24% and 9% of the overall platform flow, respectively. Global Equities ETFs accounted for one fifth of the monthly total traded volume, overtaking their North America Equities counterparts by EUR 2.4 billion.
chart. ETFs
Top ten by traded notional volume
Equity ETFs dominated March's top ten by traded notional volume, reflecting trading activity across broad market and regional products. However, the commodity-based iShares Physical Gold ETC was ranked first. The ETF offers targeted exposure to the gold spot price via an investment in physical gold.
chart. ETFs
U.S.-LISTED ETFs
Total traded volume
Total consolidated U.S. ETF notional value traded in March 2026 was a record USD 130.1 billion, up USD 11.6 billion from April 2025. AiEX transactions represented 56% of all U.S. ETF tickets on the platform, an all-time high.
Adam Gould, Global Head of Equities at Tradeweb, said: "Similar to Europe, March capped a record month and quarter for U.S.-listed ETF trading on Tradeweb. During the month, we saw sustained usage of fixed income ETFs, as investors actively repositioned around rate expectations and credit conditions. ETFs are clearly continuing to serve as a key liquidity and risk management tool in a more uncertain macro environment."
Volume breakdown
As a percentage of total notional value, equities accounted for 59% and fixed income for 34%, with the remainder comprising commodity and specialty ETFs.
chart. ETFs
Top ten by traded notional volume
Half of March's ten most actively-traded ETFs were stocks-based, with the Vanguard 500 Index Fund ETF holding on to the top spot for the fifth consecutive month. The iShares iBoxx $ High Yield Corporate Bond ETF moved up two places from February to be ranked second.
chart. ETFs
Related Content
Tradeweb Markets Inc. published this content on April 10, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on April 10, 2026 at 16:28 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]