BlackRock is on the verge of surpassing State Street in total ETF traded value, signaling a potential end to State Street's 30-year reign.
BlackRock's share of ETF trading volume has risen to 24.3%, while State Street's has fallen to 31.3%, with the gap narrowing over recent years due to increased demand for BlackRock's iShares products.
Despite BlackRock's likely dominance in trading volume, it may be losing ground to Vanguard in overall assets under management, presenting an ironic twist in the competitive landscape of the ETF market.
The shifting ETF volume leadership reflects broader changes in market dynamics, investor preferences, and trading strategies, highlighting BlackRock's expanding ETF suite's appeal and influence across institutional and retail sectors.