Do you have any idea how crazy it is to hear that the ETF NAV calculation schedule is determined at the close of the London market? This is what Bloomberg Intelligence senior ETF analyst Eric Balchunas is discussing. The timing of this calculation falls right at midday U.S. time, and this combination has sparked a number of sharp questions among market practitioners. The NAV pricing system with this timing is considered strange and unconventional by many industry observers. The questions that arise are quite fundamental: how does this timing affect investment decisions? Does it benefit certain investors while disadvantaging others? The financial community continues to question the true implications of this seemingly crazy NAV calculation mechanism on market operations and the overall ETF trading dynamics.