{"url":"https://etfiq.com/trading/authorized-participants/virtu-financial/","section":"trading","title":"Virtu Financial: ETF Authorized Participant (AP) | ETFIQ","description":"Virtu Financial was an authorized participant (AP) for 148 US ETFs in Form N-CEN periods ending Aug 31, 2025 to Jun 30, 2026. 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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 Financial an ETF authorized participant (AP)?","acceptedAnswer":{"@type":"Answer","text":"Yes. Virtu Financial is listed as an AP for 148 US ETFs in Form N-CEN periods ending Aug 31, 2025 to Jun 30, 2026, and created or redeemed shares in 49 of them."}},{"@type":"Question","name":"Which ETFs does Virtu Financial create and redeem the most?","acceptedAnswer":{"@type":"Answer","text":"By dollars created and redeemed: MSTX, $1.1bn; RGTZ, $615m; IONZ, $557m; AVGX, $453m; IONX, $383m."}},{"@type":"Question","name":"How much of an ETF\u2019s AP activity does Virtu Financial handle?","acceptedAnswer":{"@type":"Answer","text":"Across the 49 funds it was active in, its share of each fund\u2019s AP dollars ran from 0.8% to 61.6%. It was the only active AP in 0 ETFs."}},{"@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 Financial\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 Financial","item":"https://etfiq.com/trading/authorized-participants/virtu-financial/"}]},{"@type":"WebPage","name":"Virtu Financial: ETF Authorized Participant (AP)","description":"Virtu Financial was an authorized participant (AP) for 148 US ETFs in Form N-CEN periods ending Aug 31, 2025 to Jun 30, 2026. Facts only.","url":"https://etfiq.com/trading/authorized-participants/virtu-financial/","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":9544,"truncated":false,"content":"ETFIQ / Authorized participants / Virtu Financial \n \n As of Sep 23, 2026 . From each ETF\u2019s latest Form N-CEN.\n Virtu Financial\n Virtu Financial was an authorized participant (AP) for 148 US ETFs in Form N-CEN periods ending Aug 31, 2025 to Jun 30, 2026. It created $6.2bn and redeemed $1.2bn of their shares. It was active in 49 of them.\n virtu.com \n Virtu Financial as an ETF authorized participant: all 49 funds it created or redeemed in, ranked by what it created and redeemed, in Form N-CEN periods ending Aug 31, 2025 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 MSTX Defiance Daily Target 2X Long MSTR ETF Leverage $1.1bn $25.2m $1.1bn 26.2% 8 Apr 30, 2026 \n 2 RGTZ Defiance Daily Target 2X Short RGTI ETF Leverage $592m $23.3m $615m 29.5% 6 Apr 30, 2026 \n 3 IONZ Defiance Daily Target 2X Short IONQ ETF Leverage $532m $24.9m $557m 28.8% 5 Apr 30, 2026 \n 4 AVGX Defiance Daily Target 2X Long AVGO ETF Leverage $216m $237m $453m 23.2% 6 Apr 30, 2026 \n 5 IONX Defiance Daily Target 2X Long IONQ ETF Leverage $326m $57.1m $383m 14.8% 5 Apr 30, 2026 \n 6 HIMZ Defiance Daily Target 2X Long HIMS ETF Leverage $209m $161m $369m 15.2% 9 Apr 30, 2026 \n 7 IRE Defiance Daily Target 2X Long IREN ETF Leverage $328m $16.3m $345m 25.6% 5 Apr 30, 2026 \n 8 LLYX Defiance Daily Target 2X Long LLY ETF Leverage $163m $174m $337m 44.9% 5 Apr 30, 2026 \n 9 RGTX Defiance Daily Target 2X Long RGTI ETF Leverage $291m $38.1m $329m 14.1% 7 Apr 30, 2026 \n 10 RKLX Defiance Daily Target 2X Long RKLB ETF Leverage $211m $85.4m $296m 12.3% 7 Apr 30, 2026 \n 11 OKLL Defiance Daily Target 2X Long OKLO ETF Leverage $204m $71.8m $276m 10.4% 6 Apr 30, 2026 \n 12 ORCX Defiance Daily Target 2X Long ORCL ETF Leverage $217m $40.8m $258m 23.4% 6 Apr 30, 2026 \n 13 SMCX Defiance Daily Target 2X Long SMCI ETF Leverage $230m $14.0m $244m 10.7% 10 Apr 30, 2026 \n 14 PLTZ Defiance Daily Target 2X Short PLTR ETF Leverage $189m $41.1m $231m 22.9% 6 Apr 30, 2026 \n 15 BMNZ Defiance Daily Target 2X Short BMNR ETF Leverage $219m $8.0m $228m 33.9% 5 Apr 30, 2026 \n 16 SMST Defiance Daily Target 2X Short MSTR ETF Leverage $171m $8.5m $179m 26.5% 5 Apr 30, 2026 \n 17 QBTZ Defiance Daily Target 2X Short QBTS ETF Leverage $156m $13.3m $169m 29.2% 5 Apr 30, 2026 \n 18 RKLZ Defiance Daily Target 2X Short RKLB ETF Leverage $145m $10.2m $155m 31.4% 5 Apr 30, 2026 \n 19 SMCZ Defiance Daily Target 2X Short SMCI ETF Leverage $110m $21.8m $132m 25.1% 5 Apr 30, 2026 \n 20 ONDL Defiance Daily Target 2X Long ONDS ETF Leverage $85.0m $8.2m $93.2m 32.5% 6 Apr 30, 2026 \n 21 NVOX Defiance Daily Target 2X Long NVO ETF Leverage $56.6m $25.6m $82.2m 16.7% 5 Apr 30, 2026 \n 22 SOFX Defiance Daily Target 2X Long SOFI ETF Leverage $38.0m $35.4m $73.4m 6.4% 7 Apr 30, 2026 \n 23 RIOX Defiance Daily Target 2X Long RIOT ETF Leverage $37.7m $26.2m $63.9m 11.9% 6 Apr 30, 2026 \n 24 HOOX Defiance Daily Target 2X Long HOOD ETF Leverage $35.8m $23.8m $59.6m 16.6% 6 Apr 30, 2026 \n 25 SOUX Defiance Daily Target 2X Long SOUN ETF Leverage $43.0m $12.7m $55.6m 12.8% 7 Apr 30, 2026 \n 26 WCPB Weitz Core Plus Bond ETF Bonds $55.5m $0 $55.5m 27.5% 5 May 31, 2026 \n 27 QPUX Defiance 2X Daily Long Pure Quantum ETF Leverage $50.1m $5.0m $55.0m 56.4% 3 Apr 30, 2026 \n 28 SMIZ Zacks Small/Mid Cap ETF U.S. stocks $34.8m $1.6m $36.5m 34.3% 4 Nov 30, 2025 \n 29 GROZ Zacks Focus Growth ETF U.S. stocks $28.9m $662k $29.5m 61.6% 3 Nov 30, 2025 \n 30 LUNL Defiance Daily Target 2X Long LUNR ETF Leverage $22.7m $6.3m $29.0m 27.2% 6 Apr 30, 2026 \n 31 BCUS Bancreek U.S. Large Cap ETF U.S. stocks $21.7m $1.1m $22.8m 10.0% 4 Nov 30, 2025 \n 32 QSU Defiance Daily Target 2X Long QS ETF Leverage $20.1m $948k $21.0m 35.1% 5 Apr 30, 2026 \n 33 DAMD Defiance Daily Target 2X Short AMD ETF Leverage $11.0m $7.9m $18.8m 50.5% 3 Apr 30, 2026 \n 34 ZECP Zacks Earnings Consistent Portfolio ETF U.S. stocks $14.3m $0 $14.3m 11.4% 4 Nov 30, 2025 \n 35 AVXX Defiance Daily Target 2X Long AVAV ETF Leverage $10.7m $3.2m $14.0m 47.1% 4 Apr 30, 2026 \n 36 PLU Defiance Daily Target 2X Long PL ETF Leverage $11.6m $1.1m $12.7m 19.4% 5 Apr 30, 2026 \n 37 OSCX Defiance Daily Target 2X Long OSCR ETF Leverage $11.3m $1.3m $12.5m 47.6% 5 Apr 30, 2026 \n 38 CHAT Roundhill Generative AI & Technology ETF Themes $12.1m $0 $12.1m 1.0% 6 Apr 30, 2026 \n 39 ASTN Defiance Daily Target 2X Short ASTS ETF Leverage $4.4m $7.6m $11.9m 17.5% 5 Apr 30, 2026 \n 40 VSTL Defiance Daily Target 2X Long VST ETF Leverage $9.1m $2.2m $11.3m 44.1% 4 Apr 30, 2026 \n 41 RCAX Defiance Daily Target 2X Long RCAT ETF Leverage $7.7m $1.9m $9.6m 38.4% 4 Apr 30, 2026 \n 42 WLDR Simplify Affinity World Leaders Equity ETF International stocks $9.6m $0 $9.6m 45.1% 2 Oct 31, 2025 \n 43 STSM Defiance Daily Target 2X Short TSM ETF Leverage $5.6m $0 $5.6m 42.4% 5 Apr 30, 2026 \n 44 ANEL Defiance Daily Target 2X Long ANET ETF Leverage $4.9m $445k $5.4m 26.2% 5 Apr 30, 2026 \n 45 WMSB Weitz Multisector Bond ETF Bonds $3.1m $0 $3.1m 20.9% 4 May 31, 2026 \n 46 LNOK Defiance Daily Target 2X Long NOK ETF Leverage $1.4m $884k $2.3m 3.5% 4 Apr 30, 2026 \n 47 WSDB Weitz Short Duration Bond ETF Bonds $1.9m $0 $1.9m 33.4% 3 May 31, 2026 \n 48 TFPN Blueprint Chesapeake Multi-Asset Trend ETF Alternatives $1.4m $0 $1.4m 6.7% 3 Jun 30, 2026 \n 49 KDEF PLUS Korea Defense Industry Index ETF Themes $393k $0 $393k 0.8% 4 Nov 30, 2025 \n \n Virtu Financial by category\n The ETFs Virtu Financial serves, by the category each is placed in, with what it created and redeemed in each.\n Virtu Financial 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 1.4% 42 4 $99.7m $3.4m 0 \n 2 International stocks 0.1% 13 1 $9.6m $0 0 \n 3 Sector stocks 0.0% 12 0 $0 $0 0 \n 4 Bonds 0.8% 40 3 $60.5m $0 0 \n 5 Themes 0.2% 2 2 $12.5m $0 0 \n 6 Leverage 97.5% 38 38 $6.0bn $1.2bn 0 \n 7 Alternatives 0.0% 1 1 $1.4m $0 0 \n \n Questions people ask\n Is Virtu Financial an ETF authorized participant (AP)? Yes. Virtu Financial is listed as an AP for 148 US ETFs in Form N-CEN periods ending Aug 31, 2025 to Jun 30, 2026, and created or redeemed shares in 49 of them. Which ETFs does Virtu Financial create and redeem the most? By dollars created and redeemed: MSTX, $1.1bn; RGTZ, $615m; IONZ, $557m; AVGX, $453m; IONX, $383m. How much of an ETF\u2019s AP activity does Virtu Financial handle? Across the 49 funds it was active in, its share of each fund\u2019s AP dollars ran from 0.8% to 61.6%. It was the only active AP in 0 ETFs. 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 Financial\u2019s CRD, SEC file number and LEI, never by the name as typed. Method\n Virtu Financial is identified by CRD 45986, SEC file number 8-51262, LEI Q1YYTO5MBHNGETR9DT80. Its SEC file number is not on the SEC\u2019s list of active broker-dealers dated Oct 1, 2026. Funds filed its name 6 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 Financial as an ETF authorized participant, data as of Sep 23, 2026. https://etfiq.com/trading/authorized-participants/virtu-financial/ 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 Financial as an ETF authorized participant, data as of Sep 23, 2026. https://etfiq.com/trading/authorized-participants/virtu-financial/ APA ETFIQ. (Sep 23, 2026). Virtu Financial as an ETF authorized participant. Retrieved from https://etfiq.com/trading/authorized-participants/virtu-financial/ Markdown [Virtu Financial as an ETF authorized participant (ETFIQ, Sep 23, 2026)](https://etfiq.com/trading/authorized-participants/virtu-financial/)","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 Financial as an ETF authorized participant, data as of Sep 23, 2026. https://etfiq.com/trading/authorized-participants/virtu-financial/"}