Even more astonishing than the raw amount of trading is that U.S. ETFs only have $2.1 trillion in assets. In other words, the turnover in ETFs is about 870 percent a year. – Bloomberg
from Zero Hedge:
In “signs of the coming financial apocalypse” news, ETF trading has now eclipsed US GDP.
You read that correctly. Here’s Bloomberg:
In the past 12 months investors traded $18.2 trillion worth of ETF shares, according to data from the New York Stock Exchange and Bloomberg. That’s a 17 percent increase from the 12 months prior and more than triple what it was 10 years ago. For perspective, that means the amount of dollars exchanging hands through ETFs is now more than the U.S. gross domestic product, which stands at $17.4 trillion.
To the Zero Hedge faithful, it should be immediately clear why this is so frightening,
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