ETFGI, a prominent independent research and consultancy firm specializing in providing subscription research on trends in the global ETFs industry, reports that the global ETFs industry has shattered previous records with a record 1,063 new products listed in the first 7 months of the year. The 1,063 new product listings surpass the previous record of 988 new product listings in the first 7 months of 2021.
After accounting for 314 closures in the first 7 months there has been a net increase of 749 products. This surpasses the previous record of 988 new ETFs listed at this point in 2021.
The distribution of new launches is as follows: 363 in the United States, 341 in the Asia Pacific (excluding Japan), and 171 in Europe. The United States reported the highest number of closures at 104, followed by the Asia Pacific (excluding Japan) at 85, and Europe at 56.
A total of 281 providers have contributed to these new launches, which are spread across 39 exchanges globally. There have been 314 closures from 107 providers across 24 exchanges. The newly listed products include 461 Active, 374 Equity, and 104 Fixed Income asset classifications.
New product listings and closures in the Global ETFs industry in the first 7 months of 2024
The 1,063 new products are managed by 281 different providers. iShares listed the largest number of new products 56, followed by Global X ETFs with 41 new launches and First Trust with 29 new launches.
The 1,063 new products are managed by 281 different providers. iShares listed the largest number of new products 56, followed by Global X ETFs with 41 new launches and First Trust with 29 new launches.
Top 15 providers of new launches in the first 7 months of 2024
Source: ETFGI, ETF issuers and exchanges.
Looking at new product listing activity in the first 7 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 591 to 1,063. In 2024, the US and Asia Pacific (ex-Japan) have seen the largest launches reaching 363 and 341 respectively, while Latin America has seen the fewest launches only 8.
The US, Asia Pacific (ex-Japan), Canada and Japan have shown the launch peak in 2024 with 363, 341, 121 and 26 respectively. Europe achieved its highest number of launches in 2022 with 266, Latin America recorded 22 in both 2022 and 2021, while the Middle East and Africa reached 51 in 2021.
New listings in the first 7 months of the year in the Global ETFs industry: 2020 to 2024
Source: ETFGI, ETF issuers and exchanges.
The number of product closures YTD through end of July 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 104 and 85 respectively, while Japan and Latin America had the fewest, with only 2 closures each.
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 July: 2020 to 2024
Source: ETFGI, ETF issuers and exchanges.
Assets invested in the global ETFs industry reached a record of US$13.61 trillion at the end of July 2024. The global ETFs industry gathered US$216.64 billion in net inflows in July 2024, bringing year to date net inflows to US$947.00 billion. At the end of July 2024, the Global ETF/ETP industry had 12,565 ETFs/ETPs, with 25,135 listings, assets of US$13.61 Tn, from 757 providers on 81 exchanges in 63 countries, according to ETFGI's July 2024 global ETFs and ETPs industry landscape insights report.
In the first 7 months of 2024, the ETF market has experienced a dynamic surge, with significant asset accumulation by newly launched ETFs. The Top 3 ETFs highlight the dominance of cryptocurrency ETFs, with iShares Bitcoin Trust (IBIT US) holding US$22.58 billion in assets, followed by Grayscale Bitcoin Trust (GBTC US) with US$15.74 billion and Fidelity Wise Origin Bitcoin Fund (FBTC US) with US$11.85 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 4th place in the Top 25 by Asset with US$6.63 Bn and Grayscale Ethereum Mini Trust ETH (ETH US) ranked 14th with US$1.16 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 products listed in the first 7 months of 2024 in the Global ETFs industry based on AUM
