As of September 10, 2024, BlackRock's iShares Core S&P 500 was the highest valued exchange-traded fund (ETF) globally, with a market capitalization of over 521 billion U.S. dollars. The market capitalization of an ETF is calculated by multiplying the number of shares issued in the fund by the share price. This ETF is also the second-largest ETF by assets under management - although, at over 1.5 trillion U.S. dollars, the Vanguard Total Stock Market Index Fund is overall the largest investment fund by AUM. However, the Vanguard fund is different because shares in the fund are sold as various different products, some of which are structured as ETFs (like the third-largest fund listed in this statistic), while others are structured as traditional mutual funds. What are ETFs? ETFs are similar to mutual funds, in that they consist of a pool of investors’ funds which are managed by an independent third party for the purpose of a common financial investment. However, ETFs differ through how shares in the fund are bought and sold through a stock exchange, rather than directly from the fund manager. This provides the advantages of generally lower prices (as the transaction costs are paid by the exchange operator rather than the fund manager), and the possibility of intraday trading (as shares in a traditional mutual fund can only be bought and sold after the close of daily trading. The total assets managed by ETFs globally is almost six times lower than that of mutual funds, although the gap in AUM between ETFs and mutual funds in the United States is much lower, at just over three times less. Who are the largest ETF providers? The largest provider of ETFs globally is Blackrock, the world’s largest asset management company. As of July 2022, the company had more than 2.1 trillion U.S. dollars of assets under management in exchange traded funds in the U.S. alone, while Blackrock’s total assets under management across all products reached almost ten trillion U.S. dollars. Rounding out the top three providers of ETFs are fellow U.S asset managers Vanguard and State Street.

As of February 2025, Vanguard's Total Stock Market ETF was the highest valued exchange-traded fund (ETF) globally, with a market capitalization of over 1.7 trillion U.S. dollars. The Vanguard S&P 500 ETF ranked in second, also having a total market capitalization exceeding one trillion U.S. dollars. The iShares Core S&P 500, rounded out the top three, having almost 600 billion U.S. dollars in market capitalization.

As of December 2023, State Street’s SPDR S&P 500 ETF Trust was the highest valued exchange-traded fund (ETF) globally, with a market capitalization of about 417.37 billion U.S. dollars. Market capitalization of an ETF is calculated by multiplying the number of shares issued in the fund by the share price. This ETF is also the largest ETF by assets under management - although, at over 1 trillion U.S. dollars, the Vanguard Total Stock Market Index Fund is overall the largest investment fund by AUM. However, the Vanguard fund is different because shares in the fund are sold as a variety of different products, some of which are structured as ETFs (like the third-largest fund listed in this statistic), while others are structured as traditional mutual funds.

What are ETFs?

ETFs are similar to mutual funds, in that they consist of a pool of investors’ funds which are managed by an independent third party for the purpose of a common financial investment. However, ETFs differ through how shares in the fund are bought and sold through a stock exchange, rather than directly from the fund manager. This provides the advantages of generally lower prices (as the transaction costs are paid by the exchange operator rather than the fund manager), and the possibility of intraday trading (as shares in a traditional mutual fund can only be bought and sold after the close of daily trading. The total assets managed by ETFs globally is almost six times lower than that of mutual funds, although the gap in AUM between ETFs and mutual funds in the United States is much lower, at just over three times less.

Who are the largest ETF providers?

The largest provider of ETFs globally is Blackrock, the world’s largest asset management company. As of 2023, the company had more than 2.3 trillion U.S. dollars of assets under management in exchange traded funds in the U.S. alone, while Blackrock’s total assets under management across all products reached almost ten trillion U.S. dollars. Rounding out the top three providers of ETFs are fellow U.S asset managers Vanguard and State Street.

China Market Cap: Shanghai SE: Tradable: ETF data was reported at 323,493.000 RMB mn in Jun 2019. This records an increase from the previous number of 304,077.000 RMB mn for May 2019. China Market Cap: Shanghai SE: Tradable: ETF data is updated monthly, averaging 52,354.000 RMB mn from Feb 2005 (Median) to Jun 2019, with 173 observations. The data reached an all-time high of 364,363.000 RMB mn in Mar 2019 and a record low of 3,840.660 RMB mn in Oct 2006. China Market Cap: Shanghai SE: Tradable: ETF data remains active status in CEIC and is reported by Shanghai Stock Exchange. The data is categorized under China Premium Database’s Financial Market – Table CN.ZA: Shanghai Stock Exchange: Market Capitalization.

Grayscale's Bitcoin ETF had a much lower value than iShares Bitcoin Trust, but higher than other ETFs from across the world. This is according to a custom ranking on exchange trade funds filed in different countries. Grayscale's Bitcoin ETF first arrived in 2013, available only in OTC markets. It converted into an exchange trade fund in January 2024 when the SEC approved Bitcoin ETFs on the NYSE and the NASDAQ. BlackRock's fund did not exist yet. Bitcoin trading volume increased noticeably this month, as investors tried to sell their holdings and cash in on the built-up hype surrounding the new investment vehicles.

Snapshot img

ETF Market Size 2025-2029

The ETF market size is forecast to increase by USD 17.94 billion, at a CAGR of 20.2% between 2024 and 2029.

The market is experiencing significant growth, driven by key factors such as market liquidity and the increasing popularity of bond ETFs. Market liquidity refers to the ease with which securities can be bought and sold in the market without significantly impacting the price. This factor is crucial for ETFs, as they are designed to provide investors with the ability to trade large volumes of securities in a single transaction. Another trend in the market is the growth of bond ETFs, which offer investors exposure to fixed income securities. The market's growth is driven by advancements in technology, such as blockchain, artificial intelligence, big data, optical character recognition, and machine learning, which improve trade finance, facilitate trade agreements, and support financial institutions and service providers. 
However, the market also faces challenges, including transaction risks. These risks arise from the fact that ETFs are traded like individual stocks, but their value is derived from the underlying portfolio of securities. As such, there is a risk that the market price of an ETF may not accurately reflect the value of its underlying securities, leading to potential losses for investors. Despite these challenges, the market is expected to continue growing, driven by the benefits it offers in terms of liquidity, diversification, and cost efficiency.

What will be the Size of the ETF Market During the Forecast Period?

Request Free Sample

Exchange-traded funds (ETFs) have revolutionized the investment landscape by offering affordable, transparent, and liquid access to various asset classes, including stocks, bonds, commodities, currencies, and real estate. ETFs function much like mutual funds, pooling assets from investors to purchase a diversified portfolio. However, they differ in their trading mechanism, as they are listed and traded on stock exchanges, allowing for intraday pricing and flexibility. ETFs have gained significant traction due to their affordability and lower transaction costs compared to traditional mutual funds. Their index-based construction aligns with passive investment strategies, providing broad market exposure. Market volatility has not deterred the growth of ETFs, as they offer financial market stability through diversification and the ability to hedge against various risks.
Government support and the proliferation of computer-built ETFs have further bolstered their popularity. Alternative trading funds and specialty ETFs cater to specific investor needs, such as fixed income, real estate, and commodity exposure. ETFs have become a go-to investment vehicle for both retail and institutional investors, offering an efficient and cost-effective solution for passive investing strategies.

How is this ETF Industry segmented and which is the largest segment?

The ETF industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Type

  Fixed income ETF
  Equity ETF
  Commodity ETF
  Real estate ETF
  Others


Product Type

  Large cap ETFs
  Mega cap ETFs
  Mid cap ETFs
  Small cap ETFs


Geography

  North America

    Canada
    US


  Europe

    Germany
    UK
    France


  APAC

    China
    Japan
    South Korea


  South America



  Middle East and Africa

By Type Insights

The fixed income ETF segment is estimated to witness significant growth during the forecast period.

Fixed income Exchange-traded funds (ETFs) hold a significant market position in 2024. Distinct from traditional bond investments, which are often bought through bond brokers, fixed income ETFs are exchange-traded products that invest in various fixed-income securities, including corporate, municipal, and government bonds, on a stock exchange. This centralized exchange exposure provides bond buyers with increased access and liquidity compared to the limited exposure offered by corporate bond sales through brokers. Notable categories of fixed income ETFs include Government Bond ETFs, which invest in securities issued by governments, and other types, such as Corporate Bond ETFs and International Bond ETFs. These ETFs offer investors affordability through potential lower transaction costs, net asset value transparency, and passive investment strategies, such as index funds.

Fixed income ETFs cater to both retail and institutional investors, and their offerings span various sectors, including bonds, equity, commodity, currency, and specialty. The financial market stability provided by fixed income ETFs, along with the growing use of technology in trade finance and financial services, further enhances the

China Market Capitalization: Shanghai SE: Fund: ETF data was reported at 2,761.867 RMB bn in 25 Mar 2025. This records a decrease from the previous number of 2,767.453 RMB bn for 24 Mar 2025. China Market Capitalization: Shanghai SE: Fund: ETF data is updated daily, averaging 1,525.247 RMB bn from Sep 2022 (Median) to 25 Mar 2025, with 616 observations. The data reached an all-time high of 2,833.120 RMB bn in 18 Mar 2025 and a record low of 1,138.959 RMB bn in 10 Oct 2022. China Market Capitalization: Shanghai SE: Fund: ETF data remains active status in CEIC and is reported by Shanghai Stock Exchange. The data is categorized under China Premium Database’s Financial Market – Table CN.ZA: Shanghai Stock Exchange: Market Capitalization: Daily.

As of June 2024, Invesco G-ETF was the leading gold ETF company in India in terms of market capitalization. HDFC Gold ETF followed in the second place. Gold ETFs are passive investment instruments that track the physical gold price.

Ireland Market Capitalization: Irish Stock Exchange: Exchange Traded Funds data was reported at 15.580 EUR mn in Oct 2018. This records a decrease from the previous number of 17.290 EUR mn for Sep 2018. Ireland Market Capitalization: Irish Stock Exchange: Exchange Traded Funds data is updated monthly, averaging 28.270 EUR mn from Apr 2005 (Median) to Oct 2018, with 163 observations. The data reached an all-time high of 317.920 EUR mn in Aug 2011 and a record low of 14.560 EUR mn in Nov 2011. Ireland Market Capitalization: Irish Stock Exchange: Exchange Traded Funds data remains active status in CEIC and is reported by Irish Stock Exchange. The data is categorized under Global Database’s Ireland – Table IE.Z002: Irish Stock Exchange: Market Capitalization.

Croatia Market Capitalization: ZSE: Exchange Traded Funds data was reported at 56.334 HRK mn in Dec 2022. This records an increase from the previous number of 55.974 HRK mn for Nov 2022. Croatia Market Capitalization: ZSE: Exchange Traded Funds data is updated monthly, averaging 57.354 HRK mn from Nov 2020 (Median) to Dec 2022, with 26 observations. The data reached an all-time high of 72.200 HRK mn in Jan 2022 and a record low of 21.806 HRK mn in Nov 2020. Croatia Market Capitalization: ZSE: Exchange Traded Funds data remains active status in CEIC and is reported by Zagreb Stock Exchange. The data is categorized under Global Database’s Croatia – Table HR.Z002: Zagreb Stock Exchange: Market Capitalization.

The Asia-Pacific ETF Market Report is Segmented Based On ETF Types (Equity ETF, Fixed Income ETF, Real Estate ETF, Commodity ETF, Currency ETF, And Specialty ETF) and by Country (Singapore, Malaysia, Hong Kong, China, Taiwan, And the Rest of Asia-Pacific). The Report Offers Market Size and Forecasts for the Asia-Pacific ETF Market Value in USD for all the Above Segments.

China Market Cap: Shenzhen SE: Tradable: Fund: ETF data was reported at 1,023,855.022 RMB mn in Feb 2025. This records an increase from the previous number of 996,449.357 RMB mn for Jan 2025. China Market Cap: Shenzhen SE: Tradable: Fund: ETF data is updated monthly, averaging 51,385.306 RMB mn from Apr 2006 (Median) to Feb 2025, with 227 observations. The data reached an all-time high of 1,023,855.022 RMB mn in Feb 2025 and a record low of 2,493.114 RMB mn in Jul 2006. China Market Cap: Shenzhen SE: Tradable: Fund: ETF data remains active status in CEIC and is reported by Shenzhen Stock Exchange. The data is categorized under China Premium Database’s Financial Market – Table CN.ZA: Shenzhen Stock Exchange: Market Capitalization.

China Market Cap: Shanghai SE: Tradable: Fund: ETF data was reported at 2,754.215 RMB bn in 21 Mar 2025. This records a decrease from the previous number of 2,798.098 RMB bn for 20 Mar 2025. China Market Cap: Shanghai SE: Tradable: Fund: ETF data is updated daily, averaging 1,524.919 RMB bn from Sep 2022 (Median) to 21 Mar 2025, with 614 observations. The data reached an all-time high of 2,833.120 RMB bn in 18 Mar 2025 and a record low of 1,138.959 RMB bn in 10 Oct 2022. China Market Cap: Shanghai SE: Tradable: Fund: ETF data remains active status in CEIC and is reported by Shanghai Stock Exchange. The data is categorized under China Premium Database’s Financial Market – Table CN.ZA: Shanghai Stock Exchange: Market Capitalization: Daily.

China Market Capitalization: Shanghai SE: ETF data was reported at 323,493.000 RMB mn in Jun 2019. This records an increase from the previous number of 304,077.000 RMB mn for May 2019. China Market Capitalization: Shanghai SE: ETF data is updated monthly, averaging 52,354.000 RMB mn from Feb 2005 (Median) to Jun 2019, with 173 observations. The data reached an all-time high of 364,363.000 RMB mn in Mar 2019 and a record low of 3,840.660 RMB mn in Oct 2006. China Market Capitalization: Shanghai SE: ETF data remains active status in CEIC and is reported by Shanghai Stock Exchange. The data is categorized under China Premium Database’s Financial Market – Table CN.ZA: Shanghai Stock Exchange: Market Capitalization.

The number of exchange-traded funds (ETFs) in the United States has steadily increased; Starting with 123 ETFs in 2003, this amount has grown to a total of 3,243 ETFs as of 2023. The value of assets under management (AUM) allocated to ETFs in the United States has experienced a sharp increase. As of 2023, the total AUM of ETFs amounted to approximately eight trillion U.S. dollars, increasing from 151 billion U.S. dollars in 2003. What is an ETF? An ETF is a pooled financial product that can be bought and sold on the stock market by retail and institutional investors. ETFs are structured to track the performance of underlying securities. This may range from tracking a singular underlying commodity to a diverse assortment of securities. Some of the largest ETF providers by market share in the United States as of 2023 included BlackRock and Vanguard, each accounting for approximately one-third or more of the U.S. market. Types of ETFs Broad-based domestic equity, global equity, and bond ETFs have the highest issuance rates of ETFs in the United States. A broad-based index sets a benchmark to track the performance of a group of underlying securities. A popular example includes the evaluated performance difference between the S&P 500 ESG and S&P 500 indexes.

Snapshot img

Mutual Funds Market Size 2025-2029

The mutual funds market size is forecast to increase by USD 85.5 trillion at a CAGR of 9.9% between 2024 and 2029.

The market, particularly in developing nations, is experiencing significant growth driven by increasing financial literacy, expanding middle class populations, and favorable regulatory environments. This trend is expected to continue as more individuals seek diversified investment opportunities to secure their financial future. However, this market growth comes with its challenges, primarily transaction risks. These risks, including market volatility, liquidity issues, and fraud, can significantly impact investors' confidence and asset values. To capitalize on this market opportunity, companies must prioritize risk management strategies, such as diversification, transparency, and regulatory compliance. Additionally, leveraging technology to streamline transactions, enhance security, and provide real-time information can help build trust and attract investors. Companies that effectively navigate these challenges and provide value-added services will be well-positioned to succeed in the evolving the market landscape.

What will be the Size of the Mutual Funds Market during the forecast period?

Request Free SampleThe mutual fund industry continues to be a significant player in the global investment landscape, with digital penetration driving growth and accessibility. Systematic investment plans, including mutual funds, have gained popularity among small investors seeking diversified investment opportunities. The mutual fund market encompasses various categories, such as equity funds, money market funds, bond funds, index funds, and hedge funds. Equity strategies dominate the fund portfolio of many investors, reflecting the appeal of stocks for potential capital appreciation. Insurance companies also play a crucial role in the industry, offering investment products to both retail and institutional clients. The investment fund industry has witnessed a in investment, particularly among small fund savers, drawn to the convenience of portfolio management services. Short-term debt funds cater to those seeking lower risk and liquidity. Overall, the mutual fund market is poised for continued expansion, driven by the increasing demand for efficient investment solutions.

How is this Mutual Funds Industry segmented?

The mutual funds industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD trillion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments. TypeStock fundsBond fundsMoney market fundsHybrid fundsDistribution ChannelAdvice channelRetirement plan channelInstitutional channelDirect channelSupermarket channelGeographyNorth AmericaUSCanadaEuropeFranceGermanyItalySpainUKAPACAustraliaChinaIndiaSouth AmericaMiddle East and Africa

By Type Insights

The stock funds segment is estimated to witness significant growth during the forecast period.Mutual funds are investment vehicles that pool together funds from various investors to purchase a diversified portfolio of securities, primarily stocks. These funds come in various categories, including equity, income, index, sector, bond, money market, commodity, and fund of funds. Equity funds invest in corporate stocks, with growth funds focusing on high-growth stocks and income funds prioritizing dividend-paying stocks. Index funds mirror a specific market index, while sector funds invest in a particular industry sector. Stock mutual funds can also be categorized based on the size of the companies in which they invest, such as large-cap, mid-cap, and small-cap funds. Institutional and retail investors, including individual investors, financial advisors, and robo-advisors, utilize mutual funds for retirement planning, risk management, and diversification strategies. The mutual fund industry has seen significant growth, driven by digital penetration, systematic investment plans, and the increasing popularity of exchange-traded funds (ETFs) and index funds. The asset base under management (AUM) of the investment fund industry is expected to expand due to the increasing number of demat CDSL and NSDL accounts, SIP accounts, and small town investors. Debt-oriented schemes and sustainable strategy segments, such as ESG Integration Funds, Negative Screening Funds, and Impact Funds, are also gaining popularity. The mutual fund industry is subject to regulatory compliance and tax efficiency, offering investors capital appreciation, liquidity benefits, and professional management. The capital market environment is influenced by factors such as market volatility, equity exposure, fixed income, and long-term returns. Mutual fund providers offer portfolio management services, fair pricing, and various investment plans to cater to different risk tolerances and inve

As of the first quarter of 2024, Asia-Pacific had the lowest number of assets managed through Exchange Traded Funds (ETFs). The United States had the largest number of assets managed by ETFs with roughly 13 percent of the U.S. equity market operating through ETFs.

The UK Mutual Funds Market is Segmented by Fund Type (Equity, Debt, Multi-Asset, Money Market, and Other Fund Types), by Investor Type (Households, Monetary Financial Institutions, General Government, Non-Financial Corporations, Insurers & Pension Funds, and Other Financial Intermediaries). The Report Offers Market Size and Forecasts for the UK Mutual Funds Market in Value (USD) for all the Above Segments.

This analysis presents a rigorous exploration of financial data, incorporating a diverse range of statistical features. By providing a robust foundation, it facilitates advanced research and innovative modeling techniques within the field of finance.

Climate Conscious Investing: Is iShares Climate ETF the Solution?

Financial data:

• Historical daily stock prices (open, high, low, close, volume)

• Fundamental data (e.g., market capitalization, price to earnings P/E ratio, dividend yield, earnings per share EPS, price to earnings growth, debt-to-equity ratio, price-to-book ratio, current ratio, free cash flow, projected earnings growth, return on equity, dividend payout ratio, price to sales ratio, credit rating)

• Technical indicators (e.g., moving averages, RSI, MACD, average directional index, aroon oscillator, stochastic oscillator, on-balance volume, accumulation/distribution A/D line, parabolic SAR indicator, bollinger bands indicators, fibonacci, williams percent range, commodity channel index)

Machine learning features:

• Feature engineering based on financial data and technical indicators

• Sentiment analysis data from social media and news articles

• Macroeconomic data (e.g., GDP, unemployment rate, interest rates, consumer spending, building permits, consumer confidence, inflation, producer price index, money supply, home sales, retail sales, bond yields)

Potential Applications:

• Stock price prediction

• Portfolio optimization

• Algorithmic trading

• Market sentiment analysis

• Risk management

Use Cases:

• Researchers investigating the effectiveness of machine learning in stock market prediction

• Analysts developing quantitative trading Buy/Sell strategies

• Individuals interested in building their own stock market prediction models

• Students learning about machine learning and financial applications

Additional Notes:

• The dataset may include different levels of granularity (e.g., daily, hourly)

• Data cleaning and preprocessing are essential before model training

• Regular updates are recommended to maintain the accuracy and relevance of the data

In March 2024 Bitcoin BTC reached a new all-time high with prices exceeding 73000 USD marking a milestone for the cryptocurrency market This surge was due to the approval of Bitcoin exchange-traded funds ETFs in the United States allowing investors to access Bitcoin without directly holding it This development increased Bitcoin’s credibility and brought fresh demand from institutional investors echoing previous price surges in 2021 when Tesla announced its 15 billion investment in Bitcoin and Coinbase was listed on the Nasdaq By the end of 2022 Bitcoin prices dropped sharply to 15000 USD following the collapse of cryptocurrency exchange FTX and its bankruptcy which caused a loss of confidence in the market By August 2024 Bitcoin rebounded to approximately 64178 USD but remained volatile due to inflation and interest rate hikes Unlike fiat currency like the US dollar Bitcoin’s supply is finite with 21 million coins as its maximum supply By September 2024 over 92 percent of Bitcoin had been mined Bitcoin’s value is tied to its scarcity and its mining process is regulated through halving events which cut the reward for mining every four years making it harder and more energy-intensive to mine The next halving event in 2024 will reduce the reward to 3125 BTC from its current 625 BTC The final Bitcoin is expected to be mined around 2140 The energy required to mine Bitcoin has led to criticisms about its environmental impact with estimates in 2021 suggesting that one Bitcoin transaction used as much energy as Argentina Bitcoin’s future price is difficult to predict due to the influence of large holders known as whales who own about 92 percent of all Bitcoin These whales can cause dramatic market swings by making large trades and many retail investors still dominate the market While institutional interest has grown it remains a small fraction compared to retail Bitcoin is vulnerable to external factors like regulatory changes and economic crises leading some to believe it is in a speculative bubble However others argue that Bitcoin is still in its early stages of adoption and will grow further as more institutions and governments recognize its potential as a hedge against inflation and a store of value 2024 has also seen the rise of Bitcoin Layer 2 technologies like the Lightning Network which improve scalability by enabling faster and cheaper transactions These innovations are crucial for Bitcoin’s wider adoption especially for day-to-day use and cross-border remittances At the same time central bank digital currencies CBDCs are gaining traction as several governments including China and the European Union have accelerated the development of their own state-controlled digital currencies while Bitcoin remains decentralized offering financial sovereignty for those who prefer independence from government control The rise of CBDCs is expected to increase interest in Bitcoin as a hedge against these centralized currencies Bitcoin’s journey in 2024 highlights its growing institutional acceptance alongside its inherent market volatility While the approval of Bitcoin ETFs has significantly boosted interest the market remains sensitive to events like exchange collapses and regulatory decisions With the limited supply of Bitcoin and improvements in its transaction efficiency it is expected to remain a key player in the financial world for years to come Whether Bitcoin is currently in a speculative bubble or on a sustainable path to greater adoption will ultimately be revealed over time.