---
title: Hidden Liquidity Puzzle: Bond ETFs versus Equity ETFs
url: https://www.ml-quant.com/papers/ssrn/4765211/
site: ML-Quant (https://www.ml-quant.com)
updated: 2026-09-26
license: Summaries CC BY 4.0; links go to the original sources
index: https://www.ml-quant.com/llms.txt
identifier: SSRN 4765211
source_url: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4765211
featured: 2024-03-20
citations: 0
topic: Trading, Microstructure & Execution
---


# Hidden Liquidity Puzzle: Bond ETFs versus Equity ETFs

The research reveals that bond ETFs and equity ETFs have different trading dynamics, with bond ETFs offering more hidden liquidity and dark trading volume due to the lack of transparency in bond markets.

- Source: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4765211
- Identifier: SSRN 4765211
- Released: 2024-03-19
- First featured: Quant Letter No. 41 (2024-03-20): https://www.ml-quant.com/issues/2024-03-20/
- Citations (Semantic Scholar): 0
- Published in: not yet
- Topic: Trading, Microstructure & Execution

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