Exchange-Traded Funds (ETFs) began in 1993 with SPDR S&P 500, offering low-cost index investing. They grew rapidly, expanding to sectors, commodities, and international markets. Innovations like smart beta, actively managed ETFs, and thematic funds followed. Technological advancements and investor demand for transparency and liquidity further fueled growth, making ETFs a cornerstone o... https://businesssuccesselites.com/finance/evolution-of-exchange-traded-funds-etf/