ETF Issuance Hits Record 242 in June, Eric Balchunas Says

Bloomberg senior ETF analyst Eric Balchunas said on X that the U.S. ETF market is undergoing unprecedented expansion, with 242 ETFs launched in June, a monthly record and about 11 new products a day. According to Odaily, 730 ETFs were added in the first half of 2026, and the full-year total could exceed 1,450 if the current pace continues. Balchunas highlighted new issuer Corgi's rapid expansion. The data showed Corgi launched more than 100 ETFs in June and has become the sixth-largest ETF issuer by number of products. If it maintains its current pace and completes registration for about 350 additional ETFs, Corgi could surpass BlackRock by year-end and have the most ETFs in the market. Balchunas said BlackRock took more than 20 years to build a similar-sized ETF lineup, while Corgi could reach a comparable scale in less than a year. He added that more products do not necessarily mean more assets, noting that some of Corgi's ETFs have attracted inflows but most remain in an early stage. Corgi's ETF portfolio has average assets of about $4 million, compared with an industry average of about $3 billion, leaving the firm with a significant challenge in attracting assets. Balchunas described Corgi's large-scale issuance strategy as bold.