Introduction Evolution and Impact of Exchange-Traded Funds (ETFs): Are innovative investment vehicles that offer investors a flexible and cost-effective way to gain exposure to various asset classes, sectors, and investment strategies (Ostrowski, 2019). Unlike traditional mutual funds, ETFs trade on stock exchanges, providing investors with intraday liquidity and transparency (Bai et al., 2020). Since the … Continue reading Evolution and Impact of Exchange-Traded Funds (ETFs): A Comprehensive Analysis