ETFs, Explained | Big Take

There is nearly $13 trillion invested in exchange-traded funds, or ETFs. ETFs that mirror the S&P 500. ETFs for gold. ETFs for bitcoin. There’s even a Vegan ETF. How did this market get so big and varied? And just what goes into one? On today’s podcast, our Bloomberg Explains series continues with Bloomberg Intelligence senior ETF analyst and co-host of the Trillions podcast Eric Balchunas. He tells host David Gura about the unlikely duo who created the first-ever ETF in a last-ditch bid to save a struggling exchange. And Bloomberg ETF IQ and Money Stuff co-host Katie Greifeld breaks down the current booming market, and outlines which ETFs are safe investments – and which are better left alone. Further listening: Trillions Podcast - Bloomberg (https://www.bloomberg.com/podcasts/series/trillions), Money Stuff - Bloomberg (https://www.bloomberg.com/podcasts/series/money-stuff) See omnystudio.com/listener (https://omnystudio.com/listener) for privacy information. The Big Take from Bloomberg News brings you inside what’s shaping the world's economies with the smartest and most informed business reporters around the world. The context you need on the stories that can move markets. Every afternoon. Subscribe to Bloomberg Podcasts: https://bit.ly/BloombergPodcasts Listen to more of The Big Take: https://youtube.com/playlist?list=PLe4PRejZgr0NPJB9wTuVsdzBVgFlcYQqN #Bloomberg #Podcast #News #Business #Economy #TheBigTake Visit us: https://www.bloomberg.com/podcasts Follow Bloomberg Podcasts on Twitter: https://twitter.com/podcasts Visit our other YouTube channels: Bloomberg Television: https://www.youtube.com/@markets Bloomberg Originals: https://www.youtube.com/bloomberg Quicktake: https://www.youtube.com/@Bloomberg-News For coverage on news, markets and more: http://www.bloomberg.com/video