The federal reserve [0] and nasdaq [1] disagrees with your assesement - 2% of global etf assets are held in synthetic etfs - almost entirely in Europe and all b

The federal reserve [0] and nasdaq [1] disagrees with your assesement - 2% of global etf assets are held in synthetic etfs - almost entirely in Europe and all but extinct in the US. [0] https://www.federalreserve.gov/econres/notes/feds-notes/synthetic-etfs-20170810.htm https://www.federalreserve.gov/econres/notes/feds-notes/synt... [1] https://www.nasdaq.com/articles/what-are-synthetic-etfs-2021-09-22 https://www.nasdaq.com/articles/what-are-synthetic-etfs-2021... > can't be true because even most physically replicating ETFs don't 1-1 hold all of the assets they purport to hold according to the index Unfortunately they do hold the assets they purport to hold.