Bloomberg Analyst: Ark Invest Applies for Buffer ETF Structure to Meet Market Demand for Secure Income Products

BlockBeats News, July 3rd, Bloomberg's Senior ETF Analyst Eric Balchunas posted on social media saying, "Cathie Wood's ARK Invest has just applied for some 'structured' ETFs, also known as so-called buffer ETFs. Basically, it's similar to ARKK, but with a 50% downside protection, and the upside (as I understand it) can capture all gains beyond an initial 5% rise. In my view, this indicates a strong market demand for 'defined outcome structure' type products."