ETFs surge in 2024 with record-breaking launches and new crypto & AI funds

seekingalpha11-23

Epiximages With the U.S. equity bull run powering on in 2024, the world of exchange-traded funds has also seen rapid expansion, and this year is on track to see significantly more launches of such ...

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Up to November 22, 2024, Wall Street has observed the launch of 587 different ETFs, noticeably higher than the 406 funds in 2023 up to the same point in the calendar year and the 358 in 2022.. Conversely, looking at the closures, market participants have observed a total of 162 funds shutting down in 2024. That figure is less than the 228 funds up to the same point in the calendar year in 2023, but a little more than the 118 ETFs that were liquidated in 2022. While there were many notable funds that launched in 2024, perhaps most noteworthy were the group of bitcoin (BTC-USD) backed exchange-traded funds. 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