>ETF shareholders in this are financially penalized for “changing their mind” because moving their money into other ETFs is a taxable event I think the point o

>ETF shareholders in this are financially penalized for “changing their mind” because moving their money into other ETFs is a taxable event I think the point of ETFs is that big investors aren't penalized because they can trade "in-kind". They can exchange a large chunk of shares in the ETF for approximately the portfolio of stocks it corresponds to. Or vice versa.