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, reported that assets invested in the ETFs industry globally reached a new record of US$19.25 trillion at the end of October.

During October, the ETFs industry globally gathered net inflows of US$279.04 billion, bringing year-to-date net inflows to a record US$1.82 trillion, according to ETFGI’s October 2025 Global ETFs and ETPs industry landscape insights report, the monthly report which is part of an annual paid-for research subscription service. (All dollar values in USD unless otherwise noted)

Highlights

• Global ETF industry assets reached a record $19.25 trillion at the end of October, surpassing the previous record of $18.81 trillion in September 2025.
• Assets grew 29.7% year-to-date, rising from $14.85 trillion at the end of 2024 to $19.25 trillion.
• Net inflows of $279.04 billion in October.
• Year-to-date net inflows of $1.82 trillion—the highest on record, compared to $1.45 trillion in 2024 and $1.04 trillion in 2021.
• 77th consecutive month of net inflows.

The S&P 500 rose 2.34% in October, bringing its year-to-date gain to 17.52%. Developed markets excluding the U.S. advanced 1.69% in October and are up 29.83% so far in 2025, with Korea (+18.88%) and Luxembourg (+6.71%) leading the monthly gains. Emerging markets climbed 1.71% during October and have gained 24.50% year-to-date, driven by strong performances in Taiwan (+8.60%) and Hungary (+8.41%), according to Deborah Fuhr, managing partner, founder, and owner of ETFGI.

Growth in assets in the Global ETFs industry as of the end of October

The Global ETFs industry has 15,347 products, with 30,007 listings, assets of $19.25 Tn, from 928 providers on 83 exchanges in 65 countries at the end of October.

iShares leads the global ETF market with assets of US$5.40 trillion, representing a 28.0% market share. Vanguard ranks second with US$4.13 trillion and a 21.4% share, followed by State Street’s SPDR ETFs at US$1.95 trillion and 10.1%. Collectively, these top three providers—out of 928 worldwide—account for 59.6% of global ETF assets, while each of the remaining 925 providers holds less than 6% market share.

In October, ETFs recorded net inflows of US$279.04 billion.

• Equity ETFs attracted US$138.92 billion, bringing year-to-date inflows to US$816.30 billion—slightly above the US$806.44 billion recorded by this point in 2024.
• Fixed income ETFs saw US$52.06 billion in October inflows, pushing year-to-date totals to US$366.29 billion, compared to US$283.55 billion at the end of October 2024.
• Commodity ETFs added US$9.61 billion during the month, with year-to-date inflows reaching US$82.75 billion—significantly higher than the US$7.89 billion reported for the same period in 2024.
• Active ETFs gathered US$75.79 billion in October, bringing year-to-date inflows to US$523.51 billion, up from US$287.05 billion at this point last year.

Substantial inflows can be attributed to the top 20 ETFs by net new assets, which collectively gathered $95.48 Bn during October. Vanguard S&P 500 ETF (VOO US) gathered $17.74 Bn, the largest individual net inflow.

Soure: ETFGI