At The Money: How Big Can Active ETFS Get?

In this episode of Bloomberg's "At the Money," Barry Ritholtz interviews Dave Nadig, President and Director of Research at ETF.com, about the growth of active ETFs. They discuss the shift from cheap, passive index ETFs to active ETFs managed by well-known figures like Cathie Wood, Dan Ives, and Tom Lee. Nadig notes that while active management can be healthy for the ETF industry, individual investors face challenges in picking the right active manager. The conversation covers the transparency of active ETFs, the emergence of ETFs focused on illiquid alternative assets like private equity and credit, and the potential impact of crypto and tokenization on the ETF space. Nadig also addresses volatility laundering through options strategies and emphasizes the importance of understanding the risks and costs associated with exotic ETF products.