Two ETFs in particular have thrived off of equity markets' pain.
Almost $600 million was plowed into the ARK Innovation ETF (ARKK).
Market players are up in arms after Finra said it is considering a crackdown on the products.
The fund's outperformance against the S&P 500 Index is also disappearing.
The ETF says it targets businesses led by CEOs who exemplify “integrity, responsibility, forgiveness and compassion.”
Volatility in volatility exchange-traded instruments - who could have seen it coming?
The fund is structured with lock-up provisions that help control investor cash moving in and out of the strategy.
Some $6.96 billion exited Monday alone, the largest daily outflow in almost four years.
The timing is audacious: ARKK is down 55% from a peak after tumbling 25% in 2022 alone.
Inverse funds are common in the ETF industry, but SARK stands out for its focus on a single manager.
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