SPY Becomes First ETF to Surpass $600B in Assets – etf.com

The SPDR S&P 500 ETF Trust (SPY) has made history by becoming the first exchange-traded fund (ETF) to surpass $600 billion in assets. This milestone solidifies SPY’s position as one of the largest ETFs in the market. With its broad exposure to the S&P 500 index, SPY has been a popular choice for investors looking to gain diversified exposure to the U.S. stock market. Its low expense ratio and liquidity have also contributed to its success. As the ETF industry continues to grow, SPY’s achievement highlights the increasing popularity of ETFs as a preferred investment vehicle for many investors.