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Investing.com -- Vanguard has dethroned State Street (NYSE:STT)’s SPY to become the world’s largest exchange-traded fund (ETF), marking a significant shift in the $11 trillion industry. Vanguard’s S&P 500 ETF (NASDAQ:VOO) now holds nearly $632 billion in assets after attracting approximately $23 billion in 2025, as per data gathered by Bloomberg.
This surge has propelled VOO above the $630 billion SPDR S&P 500 ETF Trust (ASX:SPY), also known as SPY, which previously held the title of the largest ETF.
SPY, established in 1993 by the American Stock Exchange and State Street Global Advisors, is among the oldest ETFs still operational. The fund, due to its longevity, has enjoyed a significant first-mover advantage in terms of size and trading volume. However, Vanguard’s recent growth has managed to surpass this long-standing leader, marking a new chapter in the ETF industry.
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