ETFGI reports a record 1,426 new products listed during the first 9 months of 2024 in the global ETFs industry
Press Release
LONDON —October 24, 2024 — ETFGI, a prominent independent research and consultancy firm specializing in providing subscription research and annual events on trends in the global ETFs industry, ETFGI reports a record 1,426 new products listed during the first 9 months of 2024 in the global ETFs industry. This represents a net increase of 1,014 products after accounting for 412 closures in the first 9 months of the year. This surpasses the previous record of 1,311 new ETFs listed at this point in 2021.
Assets invested in the global ETFs industry reached a record of US$14.46 Tn at the end of September 2024. The global ETFs industry gathered US$164.74 billion in net inflows in September, bringing year to date net inflows to a record US$1.24 trillion. At the end of September, the Global ETFs industry had 12,843 products, with 25,590 listings, assets of US$14.46 Tn, from 786 providers listed on 81 exchanges in 63 countries, according to ETFGI's September 2024 global ETFs and ETPs industry landscape insights report (a paid subscription service).
In the first 9 months of 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$23.23 billion in assets, followed by Grayscale Bitcoin Trust (GBTC US) with US$14.03 billion and Fidelity Wise Origin Bitcoin Fund (FBTC US) with US$11.44 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$4.32 Bn and Grayscale Ethereum Mini Trust ETH (ETH US) ranked 17th with US$1.01 Bn, 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.
Top 25 New ETFs listed globally in 2024 ranked by assets at the end of September
Source: ETFGI, ETF issuers and exchanges.
The distribution of new launches year-to-date is as follows: 529 in the United States, 441 in the Asia Pacific (excluding Japan), and 213 in Europe. The United States reported the highest number of closures at 135, followed by the Asia Pacific (excluding Japan) at 114, and Europe at 75.
The newly listed products include 669 Active, 466 Equity, and 138 Fixed Income asset classifications. There have been 412 closures from 136 providers across 24 exchanges.
New listings and closures in the Global ETFs industry YTD through end of September 2024
Source: ETFGI, ETF issuers and exchanges.
A total of 330 providers have contributed to the new launches, which are spread across 40 exchanges globally. iShares listed the largest number of new products 62, followed by Global X ETFs with 52 new launches and First Trust with 37 new launches.
Top 15 providers of new launches YTD through end of September 2024
Source: ETFGI, ETF issuers and exchanges.
YTD through end of September from 2020 to 2024, the global ETFs industry has seen a significant increase in the number of new launches going from 787 to 1,426. In 2024, the US and Asia Pacific (ex-Japan) have seen the largest launches reaching 529 and 441 respectively, while Latin America has seen the fewest launches only 12.
The US, Asia Pacific (ex-Japan), Canada and Japan have shown the launch peak in 2024 with 529, 441, 153 and 34 respectively. Europe achieved its highest number of launches in 2022 with 324, Latin America recorded 29 in 2021, while the Middle East and Africa reached 70 in 2021.
New listings in the Global ETFs industry YTD through end of September: 2020 to 2024
Source: ETFGI, ETF issuers and exchanges.
The number of product closures YTD through end of September 2024 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 135 and 114 respectively, while Japan had the fewest, with only 3 closures.
Compared to the five years for closures, the US recorded its most closures in 2020 with 192, while Europe had its highest closures of 171 in 2023, Asia Pacific (excluding Japan) saw 118 closures in 2023, and Canada reported 60 in 2023.
This report 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 contact@etfgi.com
Closures in the Global ETFs industry YTD through end of September: 2020 to 2024
Source: ETFGI, ETF issuers and exchanges.
Contact deborah.fuhr@etfgi.com if you have any questions or comments on the press release or ETFGI events, research or consulting services.
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