We are experiencing an unprecedented ETF boom: US-listed ETFs have attracted over +$1 trillion in inflows so far in 2026, on track to surpass a record +$2 trillion by year-end. That would mark the 4th consecutive annual increase in ETF inflows and exceed the 2025 record by +33%, or +$500 billion. Meanwhile, 700 ETFs have launched year-to-date, on track for another annual record. In June alone, 186 ETFs have debuted, the highest monthly total in history. The ETF industry is expanding at a record pace.(The Kobeissi Letter)