[steveBK123]

It is interesting and probably bad, however the problem is in practice exaggerated. That is because there are a long tail of ETFs with basically no AUM which get included.

Slicing at $1B AUM gets you down to about 1500 ETFs, and $10B AUM down to 350.

Avoid leveraged, inverse, active, and small ETFs as an investor and you'll be fine.

Apollo makes most of their money in private markets so they are happy to post public market FUD.