December 28, 2023 11:51 AM | 2 min read
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The SPDR S&P 500 ETF Trust (NYSE:SPY) is on the cusp of making financial history as it inches closer to becoming the first exchange-traded fund to reach the extraordinary milestone of half a trillion dollars in assets under management (AUM).
According to data from TradingView, the SPY ETF started the year with approximately $355 billion in AUM, and it is poised to conclude 2023 with a monumental milestone: crossing the $500 billion threshold.
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