Core Insights - ARK Invest has launched a new set of ETFs called "ARK Diet ETFs," which aim to provide exposure to ARK's innovation strategy while reducing volatility [1][2] - These ETFs utilize a "buffer" fund structure, offering limited downside protection and a cap on upside potential [3] Group 1: ARK Diet ETFs Overview - The ARK Diet ETFs are designed to mitigate volatility associated with ARK's traditional funds while still allowing for participation in innovation [2][3] - The ARK Diet Q4 Buffer ETF (ARKT) was initiated at the end of September, with its value determined by the performance of the ARK Innovation Fund (ARKK) [4] Group 2: Buffer Fund Mechanics - The ARKT ETF features a 50% downside buffer, meaning if ARKK falls by 50%, ARKT would only lose 25% [5] - Investors in ARKT will not earn the first 5% of returns from ARKK, but will participate in 50-80% of any returns beyond that threshold [5][6]