Zeroing in on the explosive growth of the ETF industry

Summary

CNBC's Seema Mody speaks with Gavin Filmore, CEO of Tidal Financial Group, about the explosive growth of the ETF industry. They discuss the resurgence of thematic ETFs, driven by AI and SpaceX, and highlight a specific space ETF (NASA) that offers private exposure to SpaceX. The conversation also touches on the flurry of IPOs, like Anthropic, and how they fuel interest in niche ETFs.

• The ETF industry now has over 1,000 more ETFs than stocks.
• Thematic ETFs faded in the early 2020s but are making a comeback.
• AI drove the resurgence of thematic ETFs starting about two and a half years ago.
• SpaceX has further boosted interest in space-themed ETFs.
• A specific space ETF (ticker NASA) offers private exposure to SpaceX.
• The upcoming SpaceX IPO is generating significant interest in the space ETF arena.
• Confidential IPO filings, like Anthropic's, continue to fuel niche ETF product innovation.
• The ETF market is seeing unprecedented levels of activity and product launches.