Trading · authorized participant (AP)

BTIG, LLC

BTIG, LLC was an authorized participant (AP) for 2 US ETFs in Form N-CEN periods ending Oct 31 to Nov 30, 2025. It created $8.8m and redeemed $4.5m of their shares. It was active in 2 of them.

btig.com, the firm’s website ↗

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BTIG, LLC
#	Ticker	Fund	Category	Created	Redeemed	Created and redeemed ↓	Share of the fund’s AP dollars	Active APs in the fund	Period ending
1	NSI	National Security Emerging Markets Index ETF	Themes	$8.8m	$0	$8.8m	39.0%	3	Nov 30, 2025
2	DYLD	LeaderShares Dynamic Yield ETF	Bonds	$0	$4.5m	$4.5m	19.0%	3	Oct 31, 2025

BTIG, LLC as an ETF authorized participant: all 2 funds it created or redeemed in, ranked by what it created and redeemed, in Form N-CEN periods ending Oct 31 to Nov 30, 2025. Source: ETFIQ from Form N-CEN.

BTIG by category

The ETFs BTIG, LLC serves, by the category each is placed in, with what it created and redeemed in each.

BTIG by category, as of Sep 23, 2026. Source: ETFIQ from Form N-CEN.
#	Category	Share of its dollars	ETFs served	Active in	Created	Redeemed	Only active AP in
1	Bonds	33.9%	1	1	$0	$4.5m	0
2	Themes	66.1%	1	1	$8.8m	$0	0

Questions people ask

Is BTIG an ETF authorized participant (AP)?

Yes. BTIG, LLC is listed as an AP for 2 US ETFs in Form N-CEN periods ending Oct 31 to Nov 30, 2025, and created or redeemed shares in 2 of them.

Which ETFs does BTIG create and redeem the most?

By dollars created and redeemed: NSI, $8.8m; DYLD, $4.5m.

How much of an ETF’s AP activity does BTIG handle?

Across the 2 funds it was active in, its share of each fund’s AP dollars ran from 19.0% to 39.0%. It was the only active AP in 0 ETFs.

Where do these figures come from?

From item E.2 of each ETF’s latest Form N-CEN, which names its APs and the dollars each created and redeemed. ETFIQ groups the rows by BTIG’s CRD, SEC file number and LEI, never by the name as typed.

Method

BTIG, LLC is identified by CRD 122225, SEC file number 8-65473, LEI 549300GTG9PL6WO3EC51. It is on the SEC’s list of active broker-dealers dated Oct 1, 2026 as BTIG, LLC. Funds filed its name 1 way; every spelling is in dealers.json. Every row is one authorized participant (AP) listed in item E.2 of an ETF’s latest Form N-CEN, with the dollars of the fund’s shares it purchased from the fund (created) and redeemed in the fund’s reporting period, as filed. A fund’s period is its own fiscal year, or less where the filing says so, so a firm’s total adds periods that end on different days. Rows are grouped into firms by the identifiers each row carries: the CRD number first, the SEC file number and LEI where the CRD is missing or typed wrong, never by name. 71 of 75,056 rows carry a CRD their file number and LEI place on another firm, and are counted there.

The rest of the method

A firm’s name is its registration on the SEC’s list of active broker-dealers where it is on it. Spot crypto and commodity trusts and ETNs file no N-CEN and are not here.

How these figures are computed →Standards and sources →

Where to next

Most active APs for bond ETFs→Most active APs for theme ETFs→Every ETF authorized participant (AP)→The most active APs→Most active APs for U.S. stock ETFs→Most active APs for international stock ETFs→Most active APs for sector stock ETFs→Most active APs for bond ETFs→ETF lead market makers (LMMs)→How the AP list is built→The open data file→Fund flows→

Where these figures came from

SEC Form N-CEN data sets, the source of every AP row ↗Form N-CEN, item E.2: each authorized participant and its dollars ↗SEC list of active broker-dealers, the source of each firm’s registered name ↗

ETFIQ links to the documents behind every figure; a link is not an endorsement. A list of firms is not a rating or a recommendation.

Questions people ask

Is BTIG an ETF authorized participant (AP)?

Yes. BTIG, LLC is listed as an AP for 2 US ETFs in Form N-CEN periods ending Oct 31 to Nov 30, 2025, and created or redeemed shares in 2 of them.

Which ETFs does BTIG create and redeem the most?

By dollars created and redeemed: NSI, $8.8m; DYLD, $4.5m.

How much of an ETF’s AP activity does BTIG handle?

Across the 2 funds it was active in, its share of each fund’s AP dollars ran from 19.0% to 39.0%. It was the only active AP in 0 ETFs.

Where do these figures come from?

Cite this pageCitation, APA and Markdown

ETFIQ, BTIG, LLC as an ETF authorized participant, data as of Sep 23, 2026. https://etfiq.com/trading/authorized-participants/btig/

Open data →

Free to use with attribution for figures ETFIQ computes; issuer data stays under its owner's terms. The underlying files are at Open data.