The evolution of Exchange-Traded Funds (ETFs) began in 1993 with the launch of the SPDR S&P 500 ETF. Initially focusing on index tracking, ETFs diversified into sectors, commodities, and international markets. Over time, innovations like actively managed ETFs, smart-beta strategies, and thematic ETFs emerged, making them a versatile investment tool for cost-effective, diversified port... https://businesssuccesselites.com/finance/evolution-of-exchange-traded-funds-etf/