ETF closures have increased 65% from last year and are approaching 200 so far, according to Bloomberg ETF analyst Eric Balchunas. At the current pace, closures would surpass the existing record. New ETF launches are running at about five times the number of closures and are also on track to set a record, while issuers are accelerating the shutdown of zombie funds. The figures point to a faster ETF product cycle, with firms launching new funds while more quickly winding down products that fail to gain traction.