{"url":"https://etfiq.com/trading/authorized-participants/virtu-americas/","section":"trading","title":"Virtu Americas: ETF Authorized Participant (AP) | ETFIQ","description":"Virtu Americas LLC was an authorized participant (AP) for 3,232 US ETFs in Form N-CEN periods ending Jul 31, 2024 to Jun 30, 2026. Facts only.","as_of":"Sep 23, 2026","structured_data":[{"@type":"Corporation","name":"Virtu Americas LLC","url":"https://etfiq.com/trading/authorized-participants/virtu-americas/","sameAs":["https://www.virtu.com/"],"leiCode":"549300RA02N3BNSWBV74","identifier":[{"@type":"PropertyValue","propertyID":"FINRA CRD","value":"149823"},{"@type":"PropertyValue","propertyID":"SEC file number","value":"8-68193"}],"description":"A Virtu Financial broker-dealer that makes markets and provides execution services across global securities venues."},{"@type":"ItemList","name":"ETFs Virtu Americas LLC serves as an authorized participant","numberOfItems":100,"itemListOrder":"https://schema.org/ItemListOrderDescending","itemListElement":[{"@type":"ListItem","position":1,"name":"SOXX","url":"https://etfiq.com/funds/soxx"},{"@type":"ListItem","position":2,"name":"SPY","url":"https://etfiq.com/funds/spy"},{"@type":"ListItem","position":3,"name":"SMH","url":"https://etfiq.com/funds/smh"},{"@type":"ListItem","position":4,"name":"VOO","url":"https://etfiq.com/funds/voo"},{"@type":"ListItem","position":5,"name":"IVV","url":"https://etfiq.com/funds/ivv"},{"@type":"ListItem","position":6,"name":"XLF","url":"https://etfiq.com/funds/xlf"},{"@type":"ListItem","position":7,"name":"SPYM","url":"https://etfiq.com/funds/spym"},{"@type":"ListItem","position":8,"name":"VUG","url":"https://etfiq.com/funds/vug"},{"@type":"ListItem","position":9,"name":"VTV","url":"https://etfiq.com/funds/vtv"},{"@type":"ListItem","position":10,"name":"XBI","url":"https://etfiq.com/funds/xbi"},{"@type":"ListItem","position":11,"name":"IYW","url":"https://etfiq.com/funds/iyw"},{"@type":"ListItem","position":12,"name":"XOP","url":"https://etfiq.com/funds/xop"},{"@type":"ListItem","position":13,"name":"SSO","url":"https://etfiq.com/funds/sso"},{"@type":"ListItem","position":14,"name":"ARKK","url":"https://etfiq.com/funds/arkk"},{"@type":"ListItem","position":15,"name":"SPXL","url":"https://etfiq.com/funds/spxl"},{"@type":"ListItem","position":16,"name":"XLK","url":"https://etfiq.com/funds/xlk"},{"@type":"ListItem","position":17,"name":"MTUM","url":"https://etfiq.com/funds/mtum"},{"@type":"ListItem","position":18,"name":"MAGS","url":"https://etfiq.com/funds/mags"},{"@type":"ListItem","position":19,"name":"RSP","url":"https://etfiq.com/funds/rsp"},{"@type":"ListItem","position":20,"name":"FDN","url":"https://etfiq.com/funds/fdn"},{"@type":"ListItem","position":21,"name":"QUAL","url":"https://etfiq.com/funds/qual"},{"@type":"ListItem","position":22,"name":"IVW","url":"https://etfiq.com/funds/ivw"},{"@type":"ListItem","position":23,"name":"IVE","url":"https://etfiq.com/funds/ive"},{"@type":"ListItem","position":24,"name":"KRE","url":"https://etfiq.com/funds/kre"},{"@type":"ListItem","position":25,"name":"VTI","url":"https://etfiq.com/funds/vti"},{"@type":"ListItem","position":26,"name":"XLP","url":"https://etfiq.com/funds/xlp"},{"@type":"ListItem","position":27,"name":"USMV","url":"https://etfiq.com/funds/usmv"},{"@type":"ListItem","position":28,"name":"IGV","url":"https://etfiq.com/funds/igv"},{"@type":"ListItem","position":29,"name":"LCAP","url":"https://etfiq.com/funds/lcap"},{"@type":"ListItem","position":30,"name":"PSC","url":"https://etfiq.com/funds/psc"},{"@type":"ListItem","position":31,"name":"XLE","url":"https://etfiq.com/funds/xle"},{"@type":"ListItem","position":32,"name":"SCHG","url":"https://etfiq.com/funds/schg"},{"@type":"ListItem","position":33,"name":"XLU","url":"https://etfiq.com/funds/xlu"},{"@type":"ListItem","position":34,"name":"SPYG","url":"https://etfiq.com/funds/spyg"},{"@type":"ListItem","position":35,"name":"SPMO","url":"https://etfiq.com/funds/spmo"},{"@type":"ListItem","position":36,"name":"SQQQ","url":"https://etfiq.com/funds/sqqq"},{"@type":"ListItem","position":37,"name":"EWC","url":"https://etfiq.com/funds/ewc"},{"@type":"ListItem","position":38,"name":"VTWO","url":"https://etfiq.com/funds/vtwo"},{"@type":"ListItem","position":39,"name":"EAGL","url":"https://etfiq.com/funds/eagl"},{"@type":"ListItem","position":40,"name":"XLI","url":"https://etfiq.com/funds/xli"},{"@type":"ListItem","position":41,"name":"KBWB","url":"https://etfiq.com/funds/kbwb"},{"@type":"ListItem","position":42,"name":"XLV","url":"https://etfiq.com/funds/xlv"},{"@type":"ListItem","position":43,"name":"EWW","url":"https://etfiq.com/funds/eww"},{"@type":"ListItem","position":44,"name":"ITA","url":"https://etfiq.com/funds/ita"},{"@type":"ListItem","position":45,"name":"TSLL","url":"https://etfiq.com/funds/tsll"},{"@type":"ListItem","position":46,"name":"SPYV","url":"https://etfiq.com/funds/spyv"},{"@type":"ListItem","position":47,"name":"IWY","url":"https://etfiq.com/funds/iwy"},{"@type":"ListItem","position":48,"name":"MGK","url":"https://etfiq.com/funds/mgk"},{"@type":"ListItem","position":49,"name":"OEF","url":"https://etfiq.com/funds/oef"},{"@type":"ListItem","position":50,"name":"IWB","url":"https://etfiq.com/funds/iwb"},{"@type":"ListItem","position":51,"name":"GRNY","url":"https://etfiq.com/funds/grny"},{"@type":"ListItem","position":52,"name":"QQQM","url":"https://etfiq.com/funds/qqqm"},{"@type":"ListItem","position":53,"name":"SCHD","url":"https://etfiq.com/funds/schd"},{"@type":"ListItem","position":54,"name":"GSLC","url":"https://etfiq.com/funds/gslc"},{"@type":"ListItem","position":55,"name":"SOXS","url":"https://etfiq.com/funds/soxs"},{"@type":"ListItem","position":56,"name":"AMDL","url":"https://etfiq.com/funds/amdl"},{"@type":"ListItem","position":57,"name":"DYNF","url":"https://etfiq.com/funds/dynf"},{"@type":"ListItem","position":58,"name":"BAI","url":"https://etfiq.com/funds/bai"},{"@type":"ListItem","position":59,"name":"ITB","url":"https://etfiq.com/funds/itb"},{"@type":"ListItem","position":60,"name":"XLC","url":"https://etfiq.com/funds/xlc"},{"@type":"ListItem","position":61,"name":"IWF","url":"https://etfiq.com/funds/iwf"},{"@type":"ListItem","position":62,"name":"VO","url":"https://etfiq.com/funds/vo"},{"@type":"ListItem","position":63,"name":"XLY","url":"https://etfiq.com/funds/xly"},{"@type":"ListItem","position":64,"name":"XHB","url":"https://etfiq.com/funds/xhb"},{"@type":"ListItem","position":65,"name":"BAFE","url":"https://etfiq.com/funds/bafe"},{"@type":"ListItem","position":66,"name":"ITOT","url":"https://etfiq.com/funds/itot"},{"@type":"ListItem","position":67,"name":"XRT","url":"https://etfiq.com/funds/xrt"},{"@type":"ListItem","position":68,"name":"VEA","url":"https://etfiq.com/funds/vea"},{"@type":"ListItem","position":69,"name":"SEIM","url":"https://etfiq.com/funds/seim"},{"@type":"ListItem","position":70,"name":"VLUE","url":"https://etfiq.com/funds/vlue"},{"@type":"ListItem","position":71,"name":"VIG","url":"https://etfiq.com/funds/vig"},{"@type":"ListItem","position":72,"name":"SOXL","url":"https://etfiq.com/funds/soxl"},{"@type":"ListItem","position":73,"name":"IWR","url":"https://etfiq.com/funds/iwr"},{"@type":"ListItem","position":74,"name":"DISV","url":"https://etfiq.com/funds/disv"},{"@type":"ListItem","position":75,"name":"UPRO","url":"https://etfiq.com/funds/upro"},{"@type":"ListItem","position":76,"name":"XLB","url":"https://etfiq.com/funds/xlb"},{"@type":"ListItem","position":77,"name":"GARP","url":"https://etfiq.com/funds/garp"},{"@type":"ListItem","position":78,"name":"SCHX","url":"https://etfiq.com/funds/schx"},{"@type":"ListItem","position":79,"name":"IWD","url":"https://etfiq.com/funds/iwd"},{"@type":"ListItem","position":80,"name":"OIH","url":"https://etfiq.com/funds/oih"},{"@type":"ListItem","position":81,"name":"XME","url":"https://etfiq.com/funds/xme"},{"@type":"ListItem","position":82,"name":"SPLV","url":"https://etfiq.com/funds/splv"},{"@type":"ListItem","position":83,"name":"DIA","url":"https://etfiq.com/funds/dia"},{"@type":"ListItem","position":84,"name":"IGM","url":"https://etfiq.com/funds/igm"},{"@type":"ListItem","position":85,"name":"IVES","url":"https://etfiq.com/funds/ives"},{"@type":"ListItem","position":86,"name":"SEIV","url":"https://etfiq.com/funds/seiv"},{"@type":"ListItem","position":87,"name":"DBMF","url":"https://etfiq.com/funds/dbmf"},{"@type":"ListItem","position":88,"name":"QLD","url":"https://etfiq.com/funds/qld"},{"@type":"ListItem","position":89,"name":"BNDX","url":"https://etfiq.com/funds/bndx"},{"@type":"ListItem","position":90,"name":"CGDV","url":"https://etfiq.com/funds/cgdv"},{"@type":"ListItem","position":91,"name":"COWZ","url":"https://etfiq.com/funds/cowz"},{"@type":"ListItem","position":92,"name":"TQQQ","url":"https://etfiq.com/funds/tqqq"},{"@type":"ListItem","position":93,"name":"IBB","url":"https://etfiq.com/funds/ibb"},{"@type":"ListItem","position":94,"name":"ETHU","url":"https://etfiq.com/funds/ethu"},{"@type":"ListItem","position":95,"name":"IYR","url":"https://etfiq.com/funds/iyr"},{"@type":"ListItem","position":96,"name":"VNQ","url":"https://etfiq.com/funds/vnq"},{"@type":"ListItem","position":97,"name":"DFIV","url":"https://etfiq.com/funds/dfiv"},{"@type":"ListItem","position":98,"name":"IWX","url":"https://etfiq.com/funds/iwx"},{"@type":"ListItem","position":99,"name":"IYH","url":"https://etfiq.com/funds/iyh"},{"@type":"ListItem","position":100,"name":"YANG","url":"https://etfiq.com/funds/yang"}]},{"@type":"DefinedTerm","name":"authorized participant","alternateName":["AP","authorised participant"],"description":"A broker-dealer that has an agreement with an ETF to create new shares by delivering a basket of securities or cash to the fund, and to redeem shares by handing them back.","inDefinedTermSet":"https://etfiq.com/methodology/authorized-participants#glossary"},{"@type":"FAQPage","mainEntity":[{"@type":"Question","name":"Is Virtu Americas an ETF authorized participant (AP)?","acceptedAnswer":{"@type":"Answer","text":"Yes. Virtu Americas LLC is listed as an AP for 3,232 US ETFs in Form N-CEN periods ending Jul 31, 2024 to Jun 30, 2026, and created or redeemed shares in 2,202 of them."}},{"@type":"Question","name":"Which ETFs does Virtu Americas create and redeem the most?","acceptedAnswer":{"@type":"Answer","text":"By dollars created and redeemed: SOXX, $14.1bn; SPY, $8.0bn; SMH, $7.4bn; VOO, $7.0bn; IVV, $6.6bn."}},{"@type":"Question","name":"How much of an ETF\u2019s AP activity does Virtu Americas handle?","acceptedAnswer":{"@type":"Answer","text":"Across the 2,202 funds it was active in, its share of each fund\u2019s AP dollars ran from 0.0% to 100.0%. It was the only active AP in 19 ETFs."}},{"@type":"Question","name":"Is Virtu Americas a lead market maker (LMM)?","acceptedAnswer":{"@type":"Answer","text":"Yes, for 734 ETFs: 106 on Cboe BZX; 484 on NYSE Arca; 144 on Nasdaq. Lead market maker per Cboe BZX, NYSE Arca and Nasdaq, as of Oct 23, 2026."}},{"@type":"Question","name":"Where do these figures come from?","acceptedAnswer":{"@type":"Answer","text":"From item E.2 of each ETF\u2019s latest Form N-CEN, which names its APs and the dollars each created and redeemed. ETFIQ groups the rows by Virtu Americas\u2019s CRD, SEC file number and LEI, never by the name as typed."}}]},{"@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"ETFIQ","item":"https://etfiq.com/"},{"@type":"ListItem","position":2,"name":"Authorized participants","item":"https://etfiq.com/trading/authorized-participants/"},{"@type":"ListItem","position":3,"name":"Virtu Americas","item":"https://etfiq.com/trading/authorized-participants/virtu-americas/"}]},{"@type":"WebPage","name":"Virtu Americas: ETF Authorized Participant (AP)","description":"Virtu Americas LLC was an authorized participant (AP) for 3,232 US ETFs in Form N-CEN periods ending Jul 31, 2024 to Jun 30, 2026. Facts only.","url":"https://etfiq.com/trading/authorized-participants/virtu-americas/","dateModified":"2026-09-23","isPartOf":{"@type":"WebSite","name":"ETFIQ","url":"https://etfiq.com"},"speakable":{"@type":"SpeakableSpecification","cssSelector":[".lede",".faq"]},"publisher":{"@id":"https://etfiq.com/#org"}}],"characters":16601,"truncated":false,"content":"ETFIQ / Authorized participants / Virtu Americas \n \n As of Sep 23, 2026 . From each ETF\u2019s latest Form N-CEN.\n Virtu Americas LLC\n Virtu Americas LLC was an authorized participant (AP) for 3,232 US ETFs in Form N-CEN periods ending Jul 31, 2024 to Jun 30, 2026. It created $152.2bn and redeemed $93.2bn of their shares. It was active in 2,202 of them.\n virtu.com \n Virtu Americas LLC as an ETF authorized participant: the 100 funds it created and redeemed most in, of 2,202, ranked by what it created and redeemed, in Form N-CEN periods ending Jul 31, 2024 to Jun 30, 2026. Source: ETFIQ from Form N-CEN. # Ticker Fund Category Created Redeemed Created and redeemed Share of the fund\u2019s AP dollars Active APs in the fund Period ending \n 1 SOXX iShares Semiconductor ETF Themes $7.1bn $7.0bn $14.1bn 15.3% 18 Mar 31, 2026 \n 2 SPY SPDR S&P 500 ETF Trust U.S. stocks $3.5bn $4.5bn $8.0bn 0.4% 26 Dec 31, 2025 \n 3 SMH VanEck Semiconductor ETF Themes $3.2bn $4.2bn $7.4bn 10.6% 17 Sep 30, 2025 \n 4 VOO Vanguard S&P 500 ETF U.S. stocks $4.3bn $2.7bn $7.0bn 1.1% 21 Dec 31, 2025 \n 5 IVV iShares Core S&P 500 ETF U.S. stocks $4.4bn $2.2bn $6.6bn 0.8% 25 Mar 31, 2026 \n 6 XLF State Street Financial Select Sector SPDR ETF Sector stocks $2.1bn $967m $3.1bn 2.3% 21 Sep 30, 2025 \n 7 SPYM State Street SPDR Portfolio S&P 500 ETF U.S. stocks $2.7bn $349m $3.0bn 2.4% 18 Jun 30, 2026 \n 8 VUG Vanguard Morningstar Growth ETF U.S. stocks $1.5bn $1.4bn $2.9bn 3.6% 14 Dec 31, 2025 \n 9 VTV Vanguard Morningstar Value ETF U.S. stocks $1.9bn $769m $2.7bn 5.3% 13 Dec 31, 2025 \n 10 XBI State Street SPDR S&P Biotech ETF Themes $1.2bn $1.3bn $2.5bn 4.2% 19 Jun 30, 2026 \n 11 IYW iShares U.S. Technology ETF Sector stocks $495m $2.0bn $2.5bn 16.9% 13 Apr 30, 2026 \n 12 XOP State Street SPDR S&P Oil & Gas Exploration & Production ETF Sector stocks $1.5bn $961m $2.4bn 10.7% 16 Jun 30, 2026 \n 13 SSO ProShares Ultra S&P500 Leverage $1.0bn $1.3bn $2.3bn 21.4% 8 May 31, 2026 \n 14 ARKK ARK Innovation ETF Themes $780m $1.5bn $2.3bn 10.4% 15 Jul 31, 2025 \n 15 SPXL Direxion Daily S&P 500 Bull 3X ETF Leverage $166m $2.0bn $2.2bn 14.5% 8 Oct 31, 2025 \n 16 XLK State Street Technology Select Sector SPDR ETF Sector stocks $1.0bn $1.1bn $2.1bn 4.6% 18 Sep 30, 2025 \n 17 MTUM iShares MSCI USA Momentum Factor ETF U.S. stocks $1.0bn $1.0bn $2.1bn 12.8% 13 Jul 31, 2025 \n 18 MAGS Roundhill Magnificent Seven ETF U.S. stocks $1.9bn $127m $2.1bn 27.6% 7 Dec 31, 2025 \n 19 RSP Invesco S&P 500 Equal Weight ETF U.S. stocks $936m $1.1bn $2.0bn 2.8% 19 Apr 30, 2026 \n 20 FDN First Trust Dow Jones Internet Index Fund Themes $1.1bn $965m $2.0bn 11.2% 12 Dec 31, 2025 \n 21 QUAL iShares MSCI USA Quality Factor ETF U.S. stocks $1.1bn $829m $1.9bn 8.4% 13 Jul 31, 2025 \n 22 IVW iShares S&P 500 Growth ETF U.S. stocks $630m $1.2bn $1.8bn 9.7% 12 Mar 31, 2026 \n 23 IVE iShares S&P 500 Value ETF U.S. stocks $1.3bn $545m $1.8bn 8.2% 13 Mar 31, 2026 \n 24 KRE State Street SPDR S&P Regional Banking ETF Sector stocks $887m $862m $1.7bn 3.2% 17 Jun 30, 2026 \n 25 VTI Vanguard Morningstar Total Stock Market ETF U.S. stocks $1.7bn $0 $1.7bn 2.2% 15 Dec 31, 2025 \n 26 XLP State Street Consumer Staples Select Sector SPDR ETF Sector stocks $1.0bn $664m $1.7bn 3.9% 23 Sep 30, 2025 \n 27 USMV iShares MSCI USA Min Vol Factor ETF U.S. stocks $694m $904m $1.6bn 11.2% 14 Jul 31, 2025 \n 28 IGV iShares Expanded Tech-Software Sector ETF Themes $548m $996m $1.5bn 3.2% 15 Mar 31, 2026 \n 29 LCAP Principal Capital Appreciation Select ETF U.S. stocks $1.5bn $2.0m $1.5bn 83.9% 4 Jun 30, 2026 \n 30 PSC Principal U.S. Small-Cap ETF U.S. stocks $830m $497m $1.3bn 57.2% 5 Jun 30, 2026 \n 31 XLE State Street Energy Select Sector SPDR ETF Sector stocks $604m $706m $1.3bn 2.9% 21 Sep 30, 2025 \n 32 SCHG Schwab U.S. Large-Cap Growth ETF U.S. stocks $1.2bn $107m $1.3bn 11.4% 9 Aug 31, 2025 \n 33 XLU State Street Utilities Select Sector SPDR ETF Sector stocks $875m $349m $1.2bn 4.3% 22 Sep 30, 2025 \n 34 SPYG State Street SPDR Portfolio S&P 500 Growth ETF U.S. stocks $825m $396m $1.2bn 6.4% 12 Jun 30, 2026 \n 35 SPMO Invesco S&P 500 Momentum ETF U.S. stocks $1.1bn $122m $1.2bn 9.7% 11 Aug 31, 2025 \n 36 SQQQ ProShares UltraPro Short QQQ Leverage $1.1bn $83.5m $1.2bn 3.2% 9 May 31, 2026 \n 37 EWC iShares MSCI Canada ETF International stocks $638m $544m $1.2bn 53.5% 8 Aug 31, 2025 \n 38 VTWO Vanguard Russell 2000 ETF U.S. stocks $30.2m $1.1bn $1.2bn 12.0% 14 Aug 31, 2025 \n 39 EAGL Eagle Capital Select Equity ETF U.S. stocks $872m $244m $1.1bn 31.4% 4 Jun 30, 2026 \n 40 XLI State Street Industrial Select Sector SPDR ETF Sector stocks $737m $324m $1.1bn 2.0% 23 Sep 30, 2025 \n 41 KBWB Invesco KBW Bank ETF Sector stocks $712m $310m $1.0bn 12.6% 14 Aug 31, 2025 \n 42 XLV State Street Health Care Select Sector SPDR ETF Sector stocks $668m $303m $971m 1.7% 23 Sep 30, 2025 \n 43 EWW iShares MSCI Mexico ETF International stocks $737m $211m $948m 29.6% 6 Aug 31, 2025 \n 44 ITA iShares U.S. Aerospace & Defense ETF Themes $749m $192m $941m 7.7% 11 Mar 31, 2026 \n 45 TSLL Direxion Daily TSLA Bull 2X ETF Leverage $873m $67.6m $941m 4.1% 11 Oct 31, 2025 \n 46 SPYV State Street SPDR Portfolio S&P 500 Value ETF U.S. stocks $534m $382m $917m 4.1% 13 Jun 30, 2026 \n 47 IWY iShares Russell Top 200 Growth ETF U.S. stocks $580m $336m $916m 19.5% 8 Mar 31, 2026 \n 48 MGK Vanguard Morningstar Mega Cap Growth ETF U.S. stocks $706m $198m $905m 8.1% 12 Sep 30, 2025 \n 49 OEF iShares S&P 100 ETF U.S. stocks $537m $362m $899m 4.4% 10 Mar 31, 2026 \n 50 IWB iShares Russell 1000 ETF U.S. stocks $434m $458m $892m 2.4% 15 Mar 31, 2026 \n 51 GRNY Fundstrat Granny Shots US Large Cap ETF U.S. stocks $891m $0 $891m 26.7% 6 Oct 31, 2025 \n 52 QQQM Invesco NASDAQ 100 ETF U.S. stocks $605m $285m $890m 2.5% 14 Aug 31, 2025 \n 53 SCHD Schwab U.S. Dividend Equity ETF U.S. stocks $675m $191m $865m 2.4% 12 Aug 31, 2025 \n 54 GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF U.S. stocks $471m $392m $863m 21.6% 7 Aug 31, 2025 \n 55 SOXS Direxion Daily Semiconductor Bear 3X ETF Leverage $617m $207m $825m 5.1% 8 Oct 31, 2025 \n 56 AMDL GraniteShares 2x Long AMD Daily ETF Leverage $108m $709m $817m 10.0% 7 Jun 30, 2026 \n 57 DYNF iShares U.S. Equity Factor Rotation Active ETF U.S. stocks $784m $31.1m $815m 4.7% 10 Jul 31, 2025 \n 58 BAI iShares A.I. Innovation and Tech Active ETF Themes $815m $0 $815m 7.8% 12 Apr 30, 2026 \n 59 ITB iShares U.S. Home Construction ETF Sector stocks $494m $318m $812m 7.1% 15 Mar 31, 2026 \n 60 XLC State Street Communication Services Select Sector SPDR ETF Sector stocks $463m $343m $807m 2.3% 18 Sep 30, 2025 \n 61 IWF iShares Russell 1000 Growth ETF U.S. stocks $392m $404m $796m 2.0% 13 Mar 31, 2026 \n 62 VO Vanguard Morningstar Mid-Cap ETF U.S. stocks $432m $340m $771m 1.6% 14 Dec 31, 2025 \n 63 XLY State Street Consumer Discretionary Select Sector SPDR ETF Sector stocks $338m $412m $750m 2.0% 16 Sep 30, 2025 \n 64 XHB State Street SPDR S&P Homebuilders ETF Sector stocks $457m $284m $741m 6.9% 15 Jun 30, 2026 \n 65 BAFE Brown Advisory Flexible Equity ETF U.S. stocks $544m $148m $691m 95.7% 5 Sep 30, 2025 \n 66 ITOT iShares Core S&P Total U.S. Stock Market ETF U.S. stocks $263m $413m $676m 4.7% 9 Mar 31, 2026 \n 67 XRT State Street SPDR S&P Retail ETF Sector stocks $350m $315m $665m 2.6% 19 Jun 30, 2026 \n 68 VEA Vanguard FTSE Developed Markets ETF International stocks $660m $0 $660m 3.9% 9 Dec 31, 2025 \n 69 SEIM SEI Enhanced U.S. Large Cap Momentum Factor ETF U.S. stocks $568m $91.5m $659m 49.6% 6 Mar 31, 2026 \n 70 VLUE iShares MSCI USA Value Factor ETF U.S. stocks $270m $369m $639m 12.6% 11 Jul 31, 2025 \n 71 VIG Vanguard Div Appreciation ETF U.S. stocks $418m $214m $632m 3.5% 12 Jan 31, 2026 \n 72 SOXL Direxion Daily Semiconductor Bull 3X ETF Leverage $414m $208m $622m 1.4% 9 Oct 31, 2025 \n 73 IWR iShares Russell Mid-Cap ETF U.S. stocks $615m $0 $615m 5.1% 14 Mar 31, 2026 \n 74 DISV Dimensional International Small Cap Value ETF International stocks $303m $303m $606m 28.6% 8 Oct 31, 2025 \n 75 UPRO ProShares UltraPro S&P500 Leverage $62.0m $539m $601m 5.0% 7 May 31, 2026 \n 76 XLB State Street Materials Select Sector SPDR ETF Sector stocks $338m $251m $589m 3.1% 20 Sep 30, 2025 \n 77 GARP iShares MSCI USA Quality GARP ETF U.S. stocks $437m $140m $577m 29.1% 9 Mar 31, 2026 \n 78 SCHX Schwab U.S. Large-Cap ETF U.S. stocks $524m $51.6m $576m 5.5% 12 Aug 31, 2025 \n 79 IWD iShares Russell 1000 Value ETF U.S. stocks $230m $342m $572m 1.8% 12 Mar 31, 2026 \n 80 OIH VanEck Oil Services ETF Sector stocks $209m $360m $569m 9.3% 13 Dec 31, 2025 \n 81 XME State Street SPDR S&P Metals & Mining ETF Themes $387m $165m $553m 5.1% 15 Jun 30, 2026 \n 82 SPLV Invesco S&P 500 Low Volatility ETF U.S. stocks $330m $220m $551m 6.0% 13 Aug 31, 2025 \n 83 DIA SPDR Dow Jones Industrial Average ETF Trust U.S. stocks $408m $132m $540m 0.4% 15 Dec 31, 2025 \n 84 IGM iShares Expanded Tech Sector ETF Sector stocks $379m $160m $540m 9.0% 12 Mar 31, 2026 \n 85 IVES Dan IVES Wedbush AI Revolution ETF Themes $406m $126m $532m 35.2% 5 Apr 30, 2026 \n 86 SEIV SEI Enhanced U.S. Large Cap Value Factor ETF U.S. stocks $482m $46.7m $529m 52.1% 6 Mar 31, 2026 \n 87 DBMF iMGP DBi Managed Futures Strategy ETF Alternatives $469m $59.8m $529m 28.2% 3 Dec 31, 2025 \n 88 QLD ProShares Ultra QQQ Leverage $233m $294m $527m 7.0% 6 May 31, 2026 \n 89 BNDX Vanguard Total International Bond ETF Bonds $519m $0 $519m 4.6% 5 Oct 31, 2025 \n 90 CGDV Capital Group Dividend Value ETF U.S. stocks $513m $0 $513m 1.6% 11 May 31, 2026 \n 91 COWZ Pacer US Cash Cows 100 ETF U.S. stocks $33.3m $478m $511m 4.5% 11 Apr 30, 2026 \n 92 TQQQ ProShares UltraPro QQQ Leverage $229m $281m $510m 0.9% 10 May 31, 2026 \n 93 IBB iShares Biotechnology ETF Themes $132m $360m $492m 2.4% 15 Mar 31, 2026 \n 94 ETHU 2x Ether ETF Leverage $381m $110m $491m 8.7% 6 Feb 28, 2026 \n 95 IYR iShares U.S. Real Estate ETF Sector stocks $137m $345m $482m 1.9% 18 Mar 31, 2026 \n 96 VNQ Vanguard Real Estate ETF Sector stocks $207m $274m $481m 4.5% 15 Jan 31, 2026 \n 97 DFIV Dimensional International Value ETF International stocks $254m $227m $480m 10.3% 7 Oct 31, 2025 \n 98 IWX iShares Russell Top 200 Value ETF U.S. stocks $355m $124m $479m 23.1% 9 Mar 31, 2026 \n 99 IYH iShares U.S. Healthcare ETF Sector stocks $219m $259m $478m 16.7% 13 Apr 30, 2026 \n 100 YANG Direxion Daily FTSE China Bear 3X ETF Leverage $230m $248m $478m 21.3% 8 Oct 31, 2025 \n \n ETFs where Virtu Americas was the only active AP\n In 19 ETFs, Virtu Americas LLC was the one AP that created or redeemed shares in the period.\n ETFs where Virtu Americas was the only active AP, as of Sep 23, 2026. Source: ETFIQ from Form N-CEN. # Ticker Fund Created Redeemed APs listed Period ending \n 1 FUSI American Century Ultrashort Income ETF $37.9m $0 14 Aug 31, 2024 \n 2 LCF Touchstone US Large Cap Focused ETF $12.2m $4.6m 9 Dec 31, 2025 \n 3 QALT SEI DBi Multi-Strategy Alternative ETF $2.6m $7.1m 8 Mar 31, 2026 \n 4 DRUP GraniteShares Nasdaq Select Disruptors ETF $0 $9.6m 1 Jun 30, 2026 \n 5 EMES Harbor Emerging Markets Select ETF $8.5m $0 14 Oct 31, 2025 \n 6 MKTN Federated Hermes MDT Market Neutral ETF $7.7m $0 5 Dec 31, 2025 \n 7 HDG ProShares Hedge Replication ETF $1.1m $6.2m 39 May 31, 2026 \n 8 GXUS Goldman Sachs MarketBeta Total International Equity ETF $2.0m $2.0m 20 Aug 31, 2025 \n 9 GXLC Global X U.S. 500 ETF $4.0m $0 22 Nov 30, 2025 \n 10 HOLD Harbor Alpha Layering ETF $3.8m $0 14 Oct 31, 2025 \n 11 HVAC AdvisorShares HVAC and Industrials ETF $3.1m $0 23 Jun 30, 2026 \n 12 TMH Toyota Motor Corporation ADRhedged $2.1m $0 5 Dec 31, 2025 \n 13 SCOW Pacer S&P SmallCap 600 Quality FCF Aristocrats ETF $1.5m $507k 1 Oct 31, 2025 \n 14 ASMH ASML Holding NV ADRhedged $1.2m $0 5 Dec 31, 2025 \n 15 MCOW Pacer S&P MidCap 400 Quality FCF Aristocrats ETF $1.0m $0 1 Oct 31, 2025 \n 16 ARMH Arm Holdings PLC ADRhedged $974k $0 5 Dec 31, 2025 \n 17 GDOC Goldman Sachs Future Health Care Equity ETF $0 $828k 20 Aug 31, 2025 \n 18 STHH STMicroelectronics NV ADRhedged $500k $0 5 Dec 31, 2025 \n 19 BULD Pacer BlueStar Engineering the Future ETF $399k $0 1 Oct 31, 2025 \n \n Virtu Americas by category\n The ETFs Virtu Americas LLC serves, by the category each is placed in, with what it created and redeemed in each.\n Virtu Americas 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 \n 1 U.S. stocks 46.2% 784 689 $75.1bn $38.3bn 5 \n 2 International stocks 3.2% 466 146 $5.1bn $2.7bn 6 \n 3 Sector stocks 14.1% 192 165 $19.2bn $15.3bn 0 \n 4 Bonds 4.8% 672 316 $9.7bn $2.1bn 1 \n 5 Commodities 0.4% 22 19 $820m $251m 0 \n 6 Allocation 0.5% 35 27 $823m $328m 0 \n 7 Buffer 0.3% 225 149 $499m $347m 0 \n 8 Income 1.1% 171 133 $2.1bn $515m 0 \n 9 Themes 15.7% 267 186 $20.0bn $18.5bn 3 \n 10 Leverage 12.6% 330 316 $16.5bn $14.3bn 0 \n 11 Crypto 0.3% 9 8 $734m $59.1m 0 \n 12 Alternatives 0.8% 59 48 $1.6bn $437m 4 \n \n Questions people ask\n Is Virtu Americas an ETF authorized participant (AP)? Yes. Virtu Americas LLC is listed as an AP for 3,232 US ETFs in Form N-CEN periods ending Jul 31, 2024 to Jun 30, 2026, and created or redeemed shares in 2,202 of them. Which ETFs does Virtu Americas create and redeem the most? By dollars created and redeemed: SOXX, $14.1bn; SPY, $8.0bn; SMH, $7.4bn; VOO, $7.0bn; IVV, $6.6bn. How much of an ETF\u2019s AP activity does Virtu Americas handle? Across the 2,202 funds it was active in, its share of each fund\u2019s AP dollars ran from 0.0% to 100.0%. It was the only active AP in 19 ETFs. Is Virtu Americas a lead market maker (LMM)? Yes, for 734 ETFs: 106 on Cboe BZX; 484 on NYSE Arca; 144 on Nasdaq. Lead market maker per Cboe BZX, NYSE Arca and Nasdaq, as of Oct 23, 2026. Where do these figures come from? From item E.2 of each ETF\u2019s latest Form N-CEN, which names its APs and the dollars each created and redeemed. ETFIQ groups the rows by Virtu Americas\u2019s CRD, SEC file number and LEI, never by the name as typed. Method\n Virtu Americas LLC is identified by CRD 149823, SEC file number 8-68193, LEI 549300RA02N3BNSWBV74. It is on the SEC\u2019s list of active broker-dealers dated Oct 1, 2026 as VIRTU AMERICAS LLC. Funds filed its name 11 ways; every spelling is in dealers.json. Every row is one authorized participant (AP) listed in item E.2 of an ETF\u2019s latest Form N-CEN, with the dollars of the fund\u2019s shares it purchased from the fund (created) and redeemed in the fund\u2019s reporting period, as filed. A fund\u2019s period is its own fiscal year, or less where the filing says so, so a firm\u2019s 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\u2019s name is its registration on the SEC\u2019s 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.\n Where to next\n Most active APs for U.S. stock ETFs Most active APs for international stock ETFs Most active APs for sector stock 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\n 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\u2019s registered name ETFIQ links to the documents behind every figure; a link is not an endorsement.\n A list of firms is not a rating or a recommendation. ETFIQ is an independent publisher, not an adviser. Standards and sources \n Cite this page. ETFIQ, Virtu Americas LLC as an ETF authorized participant, data as of Sep 23, 2026. https://etfiq.com/trading/authorized-participants/virtu-americas/ Free to use with attribution for figures ETFIQ computes; issuer data stays under its owner's terms. The underlying files are at Open data .\n Other forms Plain ETFIQ, Virtu Americas LLC as an ETF authorized participant, data as of Sep 23, 2026. https://etfiq.com/trading/authorized-participants/virtu-americas/ APA ETFIQ. (Sep 23, 2026). Virtu Americas LLC as an ETF authorized participant. Retrieved from https://etfiq.com/trading/authorized-participants/virtu-americas/ Markdown [Virtu Americas LLC as an ETF authorized participant (ETFIQ, Sep 23, 2026)](https://etfiq.com/trading/authorized-participants/virtu-americas/)","source":"ETFIQ, independent ETF data. Recomputed nightly from public filings and prices.","publisher":{"@id":"https://etfiq.com/#org","name":"ETFIQ","url":"https://etfiq.com"},"license":"https://etfiq.com/license/","license_text":"Figures ETFIQ computes are free to use with attribution: ETFIQ (etfiq.com). Issuer data stays under its owner's terms.","citation":"ETFIQ, Virtu Americas LLC as an ETF authorized participant, data as of Sep 23, 2026. https://etfiq.com/trading/authorized-participants/virtu-americas/"}