Global ETF assets grew by 32% this year, which is exactly how much they grew last year. That is crazy given the base numbers we talking about. Few yrs back we predicted ETFs would hit $35T by 2035 based on 10% CAGR but they already close to $20T, on pace for $35T by 2028, 7yrs ahead of schedule! That said, I doubt 32% will be repeated, but I do think near lock they hit $35T way ahead of schedule.(Eric Balchunas)