evolution of exchange traded-funds etf

Exchange-Traded Funds (ETFs) evolved in the 1990s, with the launch of the first ETF, the SPDR S&P 500, in 1993. ETFs combined the flexibility of stocks with the diversification of mutual funds. Over time, they expanded to include various sectors, commodities, and bonds. Today, ETFs offer low-cost, accessible investment options for both individual and institutional investors.