economy
Vanguard fund becomes first ETF to top $1tn in assets
Rapid growth shows volume of passive money ready to buy IPOs such as SpaceX and Anthropic
TL;DR
- A Vanguard fund has become the first ETF to reach $1 trillion in assets.
- This rapid growth reflects a large volume of passive money.
- This passive money is positioned to purchase IPOs.
- SpaceX and Anthropic are mentioned as examples of companies that could benefit from this trend.