The ETF side of the asset management industry continues to grow at a record pace and reach new size milestones, both across the world and in the U.S. in particular, according to the latest data from the folks at an ETF-focused research firm.

On Tuesday, Debbie Fuhr, managing partner of ETFGI, revealed that a record $951.27 billion net flowed into U.S. exchange-traded funds and exchange-traded products in the first nine months of 2025, up by $210.49 billion from the prior record in the first nine months of 2024. The U.S. accounted for 61.8 percent of the year-to-date worldwide ETF and ETP inflows of $1.54 trillion as of September 30, 2025 (also a new record, up from $1.24 trillion in the first nine months of 2024).

The ETFGI team reports that the U.S. ETF and ETP industry reached a record $12.7 trillion in AUM on September 30, 2025, up by $510 billion from the prior record on August 31, 2025 and up by $2.7 trillion year-over-year from September 30, 2024. As of the end of last month, the U.S. now accounts for 67.5 percent of worldwide ETF and ETP AUM of $18.81 trillion. (Worldwide ETF and ETP AUM also reached a new peak last month, up by $960 billion from the prior record on August 31, 2025 and up by $4.35 trillion Y/Y.)

Last month, per ETFGI's data, the U.S. ETF and ETP industry brought in $152.5 billion in net inflows, the second-highest monthly inflows ever (only $11.92 billion shy of the prior record in November 2024), up by $31.85 billion month-over-month and up by $55.21 billion Y/Y. The U.S. accounted for 57 percent of the $267.66 billion in worldwide ETF and ETP inflows in September 2025 (which were up by $84.62 billion M/M and up by $102.92 billion Y/Y).

September 2025 extended the U.S. ETF and ETP inflow streak to 41 months and counting, while extending the worldwide inflows streak to 76 months.

As of September 31, 2025, the ETFGI team reports, the U.S. asset management industry offered 4,554 ETFs and ETPs, up by 74 (1.7 percent) M/M and up by 779 (20.6 percent) Y/Y. The U.S. now accounts for 30.1 percent of the 15,125 ETFs and ETPs worldwide. (The global count is up by 463 M/M and up by 2,282 Y/Y.)

Per ETFGI's data, 428 ETF and ETP providers operated in the U.S. as of September 30, 2025, up by 13 (3.1 percent) M/M and up by 87 (25.5 percent) Y/Y. U.S. ETF and ETP providers now account for 46.8 percent of the 915 ETF and ETP providers worldwide. (The worldwide count is up by 19 M/M and up by 134 Y/Y.) 

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