Exchange-Traded Funds (ETFs) originated in the early 1990s, offering a flexible way for investors to trade diversified portfolios on stock exchanges. The first ETF, the SPDR S&P 500, launched in 1993. Over time, ETFs expanded across asset classes, offering lower costs, tax efficiency, and increased liquidity, becoming a popular investment tool globally. https://businesssuccesselites.com/finance/evolution-of-exchange-traded-funds-etf/