Vanguard Nears BlackRock for Top Spot in U.S. ETF Assets

According to Markets Media, Vanguard is closing the gap with BlackRock for assets under management in U.S.-domiciled exchange-traded funds, according to Morningstar. The data provider said in a report that the gap between the two ETF issuers was nearly $200bn in assets in 2024 but this is the first year that it has shrunk to less than $100bn. “Although these are still enormous sums of money, Vanguard briefly overtook BlackRock earlier this year before slipping back into second place by the end of June,” added Morningstar.