The first ETF offering protection against 100% of stock losses just launched

The Innovator Equity Defined Protection ETF, the first exchange traded fund aiming to provide 100% downside protection, launched on Tuesday.

Innovator Capital Management said it will cap the upside return of the SPDR S&P 500 ETF Trust (SPY) at 16.62% prior to fees, while offering a 100% buffer prior to fees against SPY losses over the period from July 18, 2023, to June 30, 2025.

https://www.google.com/amp/s/markets.businessinsider.com/news/etf/buffer-etf-downside-protection-innovator-tjul-stock-losses-insurance-market-2023-7%3famp