raghu: we are hearing two main things.ing is that if you look at the point futures etf, there is a futures rollover cost that it in color -- it incurs on a monthly basement -- basis. that ensures that this will transact in the market in a very predictable way. the rollover cost is a meaningful cost which is one. you have been speaking to some of the advent -- investment advisors and at the statistics and the redirected in retail. there are places that cannot contract and future space etf. for the first time the market which is about $30 trillion will have access to a spot etf which is more efficient. so those are the two reasons we are hearing consistently why a spot etf is better. granted, both have pros and cons. caroline: it is interesting that you have given us this number, that you are talking to clients and big investors and had fun -- and hedge funds that managed to pull out one to $2 billion in terms of inflow over the first week that an etf goes live. what if that data is delayed? what if you said it is likely tha