What happens to the inverse of a stock when the stock it’s inversing goes bankrupt?

Ok so weird question. Let’s say Cathie Wood files for bankruptcy cuz her ARKK innovation etf failed completely. What will happen to SARK? Like one day ARKK could rise 100% after bankruptcy (because low market cap stocks with high popularity are vulnerable to squeezes), so what will happen to SARK? It cant lose all its value, but it also can’t sustain it. So what happens in the long run when SARK “hits the jackpot” and ARKK goes bankrupt?