Exchange-traded funds (ETFs) originated in 1993 with the SPDR S&P 500, offering low-cost, index-based investing. Initially focused on equities, ETFs expanded into bonds, commodities, and thematic funds. The 2000s introduced smart beta, leveraged, and actively managed ETFs. Global adoption surged due to transparency, liquidity, and diversification, making ETFs vital tools for both inst... https://businesssuccesselites.com/finance/evolution-of-exchange-traded-funds-etf/