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An Exchange Traded Fund (ETF) is a fund that is listed and can thus be traded on an exchange like a stock.
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How did the SVXY ETF (-1x VIX) survive a 115% jump in VIX?
The CBOE VIX index is an aggregated spot value calculated from options. The index itself cannot be traded. Volatility ETPs are usually designed to track an underlying index on VIX Futures that is trad …