ETFGI reports the global ETFs industry had a record 1,787 new products launches in the first 11 months of 2024
Press Release
LONDON —December 12, 2024 — ETFGI, a leading independent research and consultancy firm renowned for its expertise in subscription research, consulting services, events, and ETF TV on global ETF industry trends, announced that the global ETFs industry has reached a new milestone with a record 1,787 new products listed in the first 11 months of 2024. This represents a net increase of 1,234 products after accounting for 553 closures. The 1,787 new launches surpass the previous record of 1,619 new ETFs launched in the first 11 months of 2021.
In 2024, the ETF market has seen significant asset accumulation by newly launched ETFs. The top three ETFs are dominated by cryptocurrency ETFs: iShares Bitcoin Trust (IBIT US) with $48.43 billion in assets, Grayscale Bitcoin Trust (GBTC US) with $20.99 billion, and Fidelity Wise Origin Bitcoin Fund (FBTC US) with $19.28 billion.
Reflecting the rise in cryptocurrency investing since the approval of Bitcoin ETFs in January 2024, the US SEC approved Ethereum ETFs for trading in July 2024. Grayscale Ethereum Trust (ETHE US) reached 4th place in the Top 25 by Asset with $5.37 billion, launched by Grayscale Advisors on the NYSE.
The Top 25 list also includes ETFs from various sectors such as high dividend, equity, active, and climate-related ETFs, showcasing the wide range of investment opportunities available today.
Top 25 Global New ETF launches in the first 11 months of 2024 ranked by Asset
Source: ETFGI, ETF issuers and exchanges.
During the first 11 months of 2024, there were 646 new launches in the United States, 553 in the Asia Pacific (excluding Japan), and 289 in Europe. These launches were contributed by 366 providers and are distributed across 42 global exchanges. The newly listed products include 834 Active, 591 Equity, and 183 Fixed Income asset classifications.
In the same period, there were 553 closures from 164 providers across 27 exchanges. The United States had the highest number of closures at 175, followed by the Asia Pacific (excluding Japan) with 147, and Europe with 127.
New listings and closures in the Global ETFs industry in the first 11 months of 2024
Source: ETFGI, ETF issuers and exchanges.
The 1,787 new products are managed by 366 different providers. iShares listed the largest number of new products 92, followed by Global X ETFs with 67 new launches and First Trust with 50 new launches.
Top 15 providers of new launches in the first 11 months of 2024
Source: ETFGI, ETF issuers and exchanges.
From 2020 to 2024, the global ETFs industry experienced a notable rise in new launches, increasing from 990 to 1,787 in the first 11 months of each year. In 2024, the United States and Asia Pacific (excluding Japan) led with 646 and 553 launches, respectively, while Latin America had the fewest with only 22.
The peak number of launches in 2024 was seen in the United States with 646 and Canada with 184. The Asia Pacific (excluding Japan) reached its highest number of launches in 2021 with 564. Europe recorded 382 launches in 2022, Latin America had 38 in 2021, Japan saw 44 in 2023, and the Middle East and Africa peaked at 78 in 2020.
New listings in the Global ETFs industry in the first 11 months: 2020 to 2024
Source: ETFGI, ETF issuers and exchanges.
In the first 11 months of each year, the number of product closures decreased in every region compared to the same period in 2023, except for Asia Pacific (excluding Japan), Japan, and Latin America. In 2024, the United States and Asia Pacific (excluding Japan) recorded the highest number of closures, with 175 and 147 respectively, while Japan had the fewest, with only 5 closures.
Over the past five years, the United States saw its highest number of closures in 2020 with 237, while Europe recorded its peak of 195 closures in 2023. Asia Pacific (excluding Japan) had 147 closures in 2024, and Canada reported 79 closures in 2023.
This report highlights the dynamic nature of the ETF industry and underscores the continued growth and diversification of the market.
Closures in the Global ETFs industry in the first 11 months of: 2020 to 2024
Source: ETFGI, ETF issuers and exchanges.
For more information about our subscription research services, please contact ETFGI at contact@etfgi.com.
Any questions on the press release should be directed to deborah.fuhr@etfgi.com.
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