Xetra ETF & ETP Statistics 2025: Deutsche Börse Continues Growth Trend, Posts most Successful Year since Market Launch

Deutsche Börse's segment for Exchange Traded Funds (ETFs) and Exchange Traded Products (ETPs) posted new records across all key metrics last year. Trading turnover in ETFs and ETPs on Xetra saw a significant year-over-year increase of 52.7 percent, rising to €352.4 billion (2024: €230.8 billion). At the same time, assets under management (AUM) in the segment reached a new all-time high of €2.27 trillion (+24.5 percent; December 2024: €1.83 trillion).

These developments were accompanied by a further increase in listing activity. In particular, the ETF product category significantly surpassed the previous year's record of 281 newly listed ETFs with 399 new listings last year. This strong growth in products was also supported by new issuers entering the European ETF market: twelve new issuers listed ETFs on Xetra in 2025, more than ever before. Ten of these twelve new issuers were providers of actively managed ETFs.

At year-end, ETFs constituted the largest product category in the segment with 2,671 products (2024: 2,328 ETFs). The ETP category included 488 products (2024: 446 ETPs), comprising 203 Exchange Traded Commodities (2024: 197 ETCs) and 285 Exchange Traded Notes (2024: 249 ETNs). This once again made Deutsche Börse Europe's largest ETF exchange by trading turnover and number of listed products.

Actively managed ETFs remain a key growth driver

The dynamic development within the ETF segment is primarily due to the continued strong interest in active ETFs. With 172 new listings, they accounted for more than 43 percent of all newly listed ETFs last year. This increased the number of active ETFs in the segment to 367, representing a 14 percent share. Concurrently, both assets under management and trading turnover on Xetra recorded above-average growth rates of 66.5 percent and 141 percent, respectively, reaching new record highs of €73.6 billion and €6.7 billion.

"The impressive growth of active ETFs on Xetra shows that the efficiency of the product structure is increasingly being leveraged in active investment strategies. More and more providers are recognizing the added value of the exchange as a complementary distribution channel, especially for attracting new, digitally savvy investor groups," says Stephan Kraus, Head of the ETF & ETP segment at Deutsche Börse.

Strong demand for defense and mining stocks, as well as precious metals

Against the backdrop of ongoing geopolitical tensions and rising government spending in the defense sector, defense ETFs became the most-traded theme on Xetra last year. Their trading volume surged by 798 percent to €9.3 billion (2024: €1.04 billion). Simultaneously, assets under management increased by 570 percent to €14.5 billion (2024: €2.17 billion). The product offering in the segment expanded by 15 to a total of 20 ETFs by year-end.

Furthermore, mining stock ETFs also experienced exceptionally high growth rates. Driven by strong price performance in gold and silver, their trading volume on Xetra grew by 313 percent, reaching a new all-time high of €5.91 billion (2024: €1.43 billion). Fund assets rose by 186 percent to €14.2 billion (2024: €4.96 billion), ranking second – after defense ETFs – in terms of assets under management among thematic ETFs tradable on Xetra.

The price movements of gold and silver also led to significant turnover increases for precious metal ETCs. The trading turnover of gold ETCs rose by 245 percent to €16.4 billion (2024: €4.7 billion), while that of silver ETCs increased by 407 percent to €4.4 billion (2024: €869 million). Assets under management in both product categories also set new records, with gold ETCs at €115.5 billion (+59.6 percent; 2024: €72.4 billion) and silver ETCs at €6.94 billion (+191.6 percent; 2024: €2.38 billion).

Retail investors benefit from new service offering when trading ETFs and ETPs on Xetra

In March of last year, Deutsche Börse introduced its innovative Xetra retail trading offering for ETFs and ETPs. This service provides automatic price improvements over the current Xetra reference market prices when trading these products. Through a new market maker role that specifically provides liquidity for retail investors in the Xetra order book, their orders receive price improvements or are executed at least at the current Xetra price. Furthermore, trading hours for retail investors on Xetra were extended in December: investors can now trade all ETFs and ETPs listed on Xetra continuously from 8 a.m. to 10 p.m.

For retail investors, the new trading service has led to significant price improvements compared to Xetra reference market prices. Since its launch in March, orders with a total volume of €3.5 billion have already benefited from better execution prices for ETFs and ETPs. Xetra Retail is now supported by 15 banks and brokers, allowing investors to choose from a wide range of Deutsche Börse's trading partners.

Further facts and figures can be found in our ETF and ETP statistics.

Media contact:
Andreas von Brevern
+49 (0)69 2 11-1 42 84
media-relations@deutsche-boerse.com

Carola Dürer
+49 (0)69 2 11-1 47 39
media-relations@deutsche-boerse.com