Bloomberg analyst: Ark Invest applies for buffered structure ETF

Bloomberg senior ETF analyst Eric Balchunas posted on X, "Cathie Wood's ARK Invest has just applied for some 'structured' ETFs, also known as buffered ETFs. Basically, it's similar to ARKK, but with a 50% downside limit, while the upside (as I understand it) allows you to capture all gains except for the initial 5% increase. In my opinion, this illustrates a very strong market demand for 'defined outcome structure' products." [Foresight News]