## [# Global ETF Assets Break Record, Reach $12.3 Trillion](/sections/news/global-etf-assets-break-record-reach-123-trillion)
# Global ETF Assets Break Record, Reach $12.3 Trillion
Surging U.S. and international markets brought in cash and pushed prices higher.
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[By Lucy Brewster](/authors/lucy-brewster)
Mar 18, 2024
Edited by: Ron Day
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The global ETF industry achieved a new record last month, hitting $12.3 trillion in assets as the bull market brought in new cash and pushed markets higher.
Global ETFs brought in $116.3 billion over the course of last month, making year to date net inflows $253 billion, according to [data](https://etfgi.com/news/press-releases/2024/03/etfgi-reports-assets-invested-global-etfs-industry-reached-new) from U.K. research firm ETFGI. The inflows, along with the S&P 500 index rising 5.34% over February, caused assets in ETFs globally to swell past the [previous record](/sections/news/global-etf-assets-hit-117-trillion-record) set in January of $11.7 trillion.
U.S. [assets in ETFs](https://etfgi.com/news/press-releases/2024/03/etfgi-reports-etfs-industry-us-reached-record-us854-trillion-end) broke their previous record last month, hitting $8.5 trillion and beating the previous record set in January of $8.19 trillion.
The ETF industry is pulling in assets as investors seek to take advantage of rising equity markets fueled by [large tech companies](https://www.etf.com/sections/features/volatility-inevitable-ai-novel-technologies-etf-analyst) such as Nvidia Inc. and Meta Corp., which are gaining thanks to soaring demand for artificial intelligence chips and services. The S&P 500 index [broke 5,000](https://www.etf.com/sections/news/sp-500-closes-above-5000-first-time) for the first time in February, building on last year's 27% gain.
"Substantial inflows can be attributed to the top 20 ETFs by net new assets," the ETFGI statement read, adding that those funds brought in $63.6 billion last month.
## Global ETFs Assets Rise
A global bull market helped push assets higher, according to Deboarh Fuhr, managing partner and founder of U.K.-based ETFGI. Emerging markets also gained: China was up 8.4%, and Peru gained 7%, the report said. Overall, emerging markets rose 1.9% in February.
Yet the ETFs that saw the most inflows over the month were U.S. listed products. The $415 billion [**Vanguard S&P 500 (VOO)**](https://etf.com/VOO) topped the list of ETFs that gained the most assets last month, bringing in $6 billion and $16 billion year to date. The [**Vanguard Information Technology ETF (VGT)**](https://etf.com/VGT) and [**iShares Core S&P 500 ETF (IVV)**](https://etf.com/IVV) followed, bringing in $5.7 billion and $5.2 billion, respectively.
The launch of the novel spot bitcoin ETFs also continued to bring in fresh assets to the industry. The $10 billion [**iShares Bitcoin Trust (IBIT)**](https://etf.com/IBIT) had nearly $5 billion in inflows just in February, according to ETFGI data.
Fuhr is a member of etf.com's [editorial advisory board](/editorial-advisory-board).
*Contact Lucy Brewster at* .
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[ Lucy Brewster Finance Reporter ](/authors/lucy-brewster)
Lucy Brewster is a finance reporter at etf.com covering asset managers, emerging technologies, and regulation. She hosts etf.com webinars and appears… [View Bio](/authors/lucy-brewster)
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