system
A chat on subreddit /r/wallstreetbets
human
I agree with you.  Buts not my point.  My point is that if everyone is buying spy, the holdings themselves rise together generating price inefficiency, because not everything deserves the value incease.  Its why i believe there is a balance between active and passive managment.

gpt
Yeah that's true of any index product, not just ETFs. But the relative prices will stay the same.