Expansion of ETF industry is at 'just the beginning,' says Tidal Financial CEO

Summary

CNBC's ETF Edge explores the rapid expansion of the ETF industry, now boasting roughly a thousand more ETFs than stocks. Tidal Financial CEO Gavin Filmore and Innovator strategist Tim Urbanowicz discuss the innovation driving launches, such as dual directional ETFs and private company exposure through space ETFs. Both guests believe the industry is still in its early stages, with more complex products like autocallables entering the wrapper. They emphasize the need for investor education as the market grows.

• ETF industry now has about 1,000 more ETFs than stocks.
• Gavin Filmore says ETF growth is 'just the beginning' as long as asset flows continue.
• Tim Urbanowicz highlights dual directional ETFs like DDFZ for built-in risk management.
• Space ETF NASA/ASA offers private exposure to SpaceX ahead of IPO.
• Active ETFs now dominate flows, with options-based products simplifying complex strategies.
• Autocallable structured notes are being adapted into ETF form.
• Both guests see the industry as being in inning 2-3 of its lifecycle.