Are we okay with ETFs soon being forced to buy into SpaceX?
Is anyone else kinda uncomfortable with how the new NASDAQ fast-entry rules basically turn passive index funds into automatic exit liquidity for huge hype IPOs like SpaceX? The move from a three-month waiting period to just 15 days basically forces every index-tracking ETF to pile in before the market even has time to figure out what a stock is actually worth. That kind of undermines the whole “safe, diversified” idea behind passive investing.