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The Tidal Financial Group (Tidal) expanded rapidly over the last decade and encompassed multiple ETF related brands including Toroso Investments, Tidal ETF Services, and the ETF Think Tank. Going forward all activity will be unified under the Tidal brand as we become one company, dream, family, and platform focused on holistic ETF customer solutions.

Fox Business: ETFs took a $19B hit last week. Where did it all go?

ETFs, or exchange-traded funds, took a massive beating last week as markets went on a roller-coaster ride with the Dow Jones Industrial Average taking not one but two massive nosedives, losing over 1,000 points twice in one week.

Mike Venuto, chairman of the TETF Index Committee, agrees saying that after a wild week, ETF assets are only down about $30 billion year-to-date, which is less than a 1% change.

“The assets have most likely flowed to cash, as a reaction to fear,” Venuto told FOX Business, adding that bonds have not been performing well either and are likely perpetuating the volatility.

Read more on FOXBusiness 

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