# BTIG: ETF Authorized Participant (AP)

> BTIG, LLC was an authorized participant (AP) for 2 US ETFs in Form N-CEN periods ending Oct 31 to Nov 30, 2025. Facts only.

Data as of Sep 23, 2026. Rebuilt every trading night.

As of Sep 23, 2026 . From each ETF’s latest Form N-CEN.

## 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

| # | 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 by category

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

| # | 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. 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.

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### Where these figures came from

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. ETFIQ is an independent publisher, not an adviser. Standards and sources

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Source: ETFIQ, independent ETF data. Recomputed nightly from public filings and prices.
Cite: ETFIQ, BTIG, LLC as an ETF authorized participant, data as of Sep 23, 2026. https://etfiq.com/trading/authorized-participants/btig/
Licence: https://etfiq.com/license/ Figures ETFIQ computes are free to use with attribution: ETFIQ (etfiq.com). Issuer data stays under its owner's terms.
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