Eric Balchunas, senior ETF Analyst at Bloomberg Intelligence, posted on X that there is a common misconception regarding the distribution of funds in the ETF market. He noted that while some believe a significant portion of funds has been redirected to other ETFs, a substantial amount has actually been allocated to government-related activities, legal settlements, and individuals who have chosen to liquidate their assets. Balchunas highlighted that the total amount involved is approximately 27 billion, although this figure is often overestimated by the public. His insights shed light on the complexities of fund allocation within the ETF market, emphasizing the diverse factors influencing these financial movements.