ETFs, Explained | Big Take

This episode of The Big Take from Bloomberg News explains the history, function, and popularity of Exchange Traded Funds (ETFs). Speakers Sarah Holder and David Gura interview Bloomberg ETF analysts Eric Balchunas and Katie Greifeld, who provide insights into the origins of ETFs after the 1987 Black Monday stock market crash, their advantages over mutual funds (lower costs, transparency, and tax benefits), and the increasing variety of ETFs available, including those focused on specific stocks or commodities like Bitcoin. The podcast further explores the potential risks associated with more complex ETFs and concludes with a discussion about the possibility of launching a "Take ETF" based on news topics.