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After the Dow plunged over 1,000 points on the morning of August 24, 2015, the trading and liquidity of E.T.F.s came under the spotlight. E.T.F. discounts widened to as much as 30% for some funds that morning, as trading in E.T.F.s dried up during the plunge. Peter Kraus, chairman of AllianceBernstein, questions the safety of E.T.F.s in the New York Times article, “The Man Who Hates E.T.F.s.”