TMX Group, the operator of the Toronto Stock Exchange, acquires ETF tool VettaFi

2023-12-14 21:38:49

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ChainCatcher news, TMX, the owner of the Toronto Stock Exchange, announced the acquisition of the remaining 78% of common shares of ETF tool VettaFi for $848 million. The announcement stated that the new transaction brings the total acquisition amount to $1.03 billion, which includes TMX Group's investment in VettaFi in the first half of 2023, acquiring approximately 22% of the common shares.

VettaFi was established in May 2022, when teams from ETF Trends, ETF Database, Alerian, and S-Network Global Indexes merged to form a joint venture. VettaFi is a major player in the exchange-traded fund (ETF) industry, including blockchain ETFs.

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