The global ETF industry saw 1,426 new products and a record US$14.46tn in assets by September 2024
ETFGI, an independent research and consultancy firm focused on trends in the global ETFs industry, reported a record 1,426 new products listed during the first nine months of 2024.
This results in a net increase of 1,014 products after accounting for 412 closures during the same period. This figure surpasses the previous record of 1,311 ETFs listed in 2021.
The total assets invested in the global ETFs industry reached a record US$14.46tn at the end of September 2024.
According to ETFGI’s September 2024 Global ETFs and ETPs industry landscape insights report, the global ETFs industry gathered US$164.74bn in net inflows in September.
Year-to-date net inflows totalled US$1.24tn. By the end of September, there were 12,843 products with 25,590 listings and US$14.46tn in assets, provided by 786 issuers across 81 exchanges in 63 countries.
In the first nine months of 2024, the cryptocurrency market, particularly Bitcoin ETFs, dominated the ETF industry.
The top three ETFs by assets include the iShares Bitcoin Trust (IBIT US) with US$23.23bn, followed by the Grayscale Bitcoin Trust (GBTC US) at US$14.03bn and Fidelity Wise Origin Bitcoin Fund (FBTC US) at US$11.44bn.
Reflecting this trend, the US Securities and Exchange Commission approved Ethereum ETFs for trading in July 2024.
Grayscale Ethereum Trust (ETHE US) ranked fifth on the top 25 list with US$4.32bn in assets, while Grayscale Ethereum Mini Trust ETH (ETH US) ranked 17th with US$1.01bn, both launched by Grayscale Advisors on the NYSE.
The top 25 ETFs list also included diverse sectors such as high dividend, equity, active management, and climate-related ETFs. This illustrates the broad range of investment options currently available.
In terms of new ETF listings, the United States led with 529 launches, followed by the Asia-Pacific region (excluding Japan) with 441, and Europe with 213.
The US also reported the highest number of closures with 135, followed by the Asia-Pacific region (excluding Japan) with 114 closures, and Europe with 75 closures. These closures occurred across 136 providers and 24 exchanges.
The breakdown of newly listed products includes 669 Active ETFs, 466 Equity ETFs, and 138 Fixed Income ETFs. A total of 412 closures occurred year-to-date, marking a significant reshuffling in the global ETF industry.
A total of 330 providers were responsible for new ETF launches in 2024, across 40 exchanges worldwide. iShares led with 62 new product listings, followed by Global X ETFs with 52 and First Trust with 37 new launches.
The regions with the highest number of launches in 2024 include the US with 529, the Asia-Pacific (excluding Japan) with 441, Canada with 153, and Japan with 34. Europe experienced its highest number of launches in 2022, while Latin America recorded its peak with 29 launches in 2021.
Meanwhile, the Middle East and Africa reported 70 new launches in 2021. Across all regions, closures decreased in 2024 compared to the same period in 2023.
This year, the US and Asia-Pacific (excluding Japan) experienced the most closures, at 135 and 114, respectively. Japan reported the fewest, with only three closures.
Over the past five years, the US recorded its highest number of closures in 2020 with 192, while Europe saw its peak in 2023 with 171 closures.
