Exchange-Traded Funds (ETFs) evolved from mutual funds in the 1990s, providing lower costs, liquidity, and diversification. The first ETF, the SPDR S&P 500, launched in 1993. ETFs grew rapidly, offering access to sectors, commodities, and international markets. Innovations like leveraged and thematic ETFs have expanded their appeal, making them popular among both institutional and ret... https://businesssuccesselites.com/finance/evolution-of-exchange-traded-funds-etf/