No, but good question...there'd be a lot more XIV buyers with an account today had they asked this. Funds have real assets with intrinsic value. Eventually, as their price drops, it will find a place that a big investor will step in (think Buffett circa 2009) and start buying. As a leveraged ETF, there is a chance of total loss, but it's a very different (much less likely) risk factor, and heavily mitigated by diversity. Also, I'm not sure the panic sale of XIV didn't generate a feedback loop that became a self fulfilling prophecy...I.e. The derivatives lead the underlying. We shall see as this one is dissected more. The risk on XIV that this could occur was somewhere along the lines of 0.2% on any given trading day (that's a rough calculation a buddy of mine and I worked up yesterday...but should be reasonably accurate). A rare, but ordinary occurrence.