LONDON —September 16, 2024 — ETFGI, a prominent independent research, events and consultancy firm specializing in providing subscription research on trends in the global ETFs industry, announced that the global ETFs industry has reached another new milestone with 1,192 new products listed year-to-date through end of August. The new listings resulted in a net increase of 845 products after accounting for 347 closures. This surpasses the previous record of 1140 new ETFs listed year-to-date in 2021.
Assets invested in the global ETFs industry reached a record of US$13.99 trillion at the end of August. The global ETFs industry has had 63 months of consecutive net inflows and gathered a record US$1.07 trillion in year-to-date net inflows. At the end of August, the Global ETFs industry had 12,677 products, with 25,291 listings, assets of US$13.99 trillion, from 774 providers listed on 81 exchanges in 63 countries, according to ETFGI's August 2024 global ETFs industry landscape insights report.
YTD through end August 2024, the ETF market has experienced a dynamic surge, with significant asset accumulation by newly launched ETFs. The Top 3 ETFs highlights the dominance of cryptocurrency ETFs, with iShares Bitcoin Trust (IBIT US) holding US$21.07 billion in assets, followed by Grayscale Bitcoin Trust (GBTC US) with US$13.25 billion and Fidelity Wise Origin Bitcoin Fund (FBTC US) with US$10.51 billion.
Reflecting the upswing in cryptocurrency investing since the approval of Bitcoin ETFs in the US in January 2024, the US Securities and Exchange Commission approved Ethereum ETFs for trading in July 2024. Grayscale Ethereum Trust (ETHE US) reached 5th place in the Top 25 by Asset with US$4.53 Bn and Grayscale Ethereum Mini Trust ETH (ETH US) ranked 17th with US$924.85 Mn, both launched by Grayscale Advisors on the NYSE.
In addition to cryptocurrency focused ETF, the Top 25 list includes ETFs from various sectors such as high dividend, equity, active, and climate-related ETFs, demonstrating the wide range of investment opportunities available to investors today.
This analysis underscores the dynamic nature of the ETF industry and highlights the continued growth and diversification of the market. Contact ETFGI to learn about our subscription research services [email protected]
Top 25 Global New ETF/ETP by Asset YTD through end of August 2024
Source: ETFGI, ETF issuers and exchanges.
The distribution of new launches is: 403 in the United States, 390 in the Asia Pacific (excluding Japan), and 178 in Europe. The United States reported the highest number of closures at 115, followed by the Asia Pacific (excluding Japan) at 96, and Europe at 66.
Year-to-date new launches and closures in the Global ETFs industry through end of August
Source: ETFGI, ETF issuers and exchanges.
The 1,192 new products are managed by 299 different providers, which are spread across 38 exchanges globally. iShares listed the largest number of new products 58, followed by Global X ETFs with 45 new launches and First Trust and Innovator ETFs with 31 new launches each.
There have been 347 closures from 117 providers across 24 exchanges. The newly listed products include 529 Active, 408 Equity, and 118 Fixed Income asset classifications.
Top 15 providers of new launches YTD through end of August
Source: ETFGI, ETF issuers and exchanges.
Reviewing YTD data for the first 8 months of the year from 2020 to 2024, the global ETFs industry has seen a significant increase in the number of new launches going from 657 to 1,192. In 2024, the US and Asia Pacific (ex-Japan) have seen the largest launches reaching 403 and 390 respectively, while Latin America has seen the fewest launches only 10.
The US, Asia Pacific (ex-Japan), Canada and Japan have shown the launch peak in 2024 with 403, 390, 136 and 32 respectively. Europe achieved its highest number of launches in 2021 with 290, Latin America recorded 26 in 2021, while the Middle East and Africa reached 59 in 2021.
Year-to-date new launches in the Global ETFs industry for the first 8 months of the year: 2020 to 2024
Source: ETFGI, ETF issuers and exchanges.
The number of product closures YTD through end of August decreased in every region compared to the same period in 2023. In 2024, the US and Asia Pacific (excluding Japan) recorded the highest number of closures, with 115 and 96 respectively, while Latin America had the fewest, with only 2 closures.
Compared to the five years for closures, the US recorded its most closures in 2020 with 174, while Europe had its highest closures of 108 in 2020, Asia Pacific (excluding Japan) saw 116 closures in 2023, and Canada reported 52 in 2023.
Year-to-date new closures in the Global ETFs industry for the first 8 months of the year: 2020 to 2024
Source: ETFGI, ETF issuers and exchanges.
Article by ETFGI