5 Biggest ETF Companies in USA

2. Vanguard

ETF Assets Under Management: $1.8 trillion

With $1.8 trillion in ETF assets under management, Vanguard is the second largest issuer of ETFs in the USA.

Vanguard’s ETF business has been a growing one as well as the company’s ETF business has gathered inflows of $656 billion from the beginning of 2020 according to a September 2022 Financial Times article. That’s even higher than first place BlackRock, Inc. (NYSE:BLK)’s iShare’s inflows of $411 billion over the same period.

Head of research at VettaFi Todd Rosenbluth said, “The race in the US ETF market will be far from over even if the leadership baton does pass from BlackRock to Vanguard. Both managers are winning a disproportionately large share of an [ETF] pie that is continuing to grow.”

Together Vanguard and BlackRock, Inc. (NYSE:BLK) account for over 60% of the U.S. ETF market.