Stock market "milestone moment": U.S. ETFs outnumber stocks, investment no longer choosing individual stocks but instead "picking ETFs."

Zhitong Financial APP learned that the unprecedented prosperity of "ETF democratization" in the United States is reaching a critical point - the number of ETFs in the US stock market now exceeds individual stocks, and retail investors and investment institutions such as Wall Street hedge funds are facing an increasingly excessive and complex situation where there are more and more embarrassing options for ETF funds to choose from.