Exchange-Traded Funds (ETFs) began in 1993 with the launch of the SPDR S&P 500 ETF. Initially offering passive index tracking, ETFs expanded to cover various asset classes, including commodities, sectors, and international markets. Innovations like smart-beta and actively managed ETFs followed, enhancing flexibility. Today, ETFs are key tools for diversified, cost-effective investing ... https://businesssuccesselites.com/finance/evolution-of-exchange-traded-funds-etf/