Franklin FTSE Russia ETF — creations halted

iShares MSCI Russia ETF — creations halted

Direxion Russia Bull 2x ETF — liquidating

VanEck Russia ETF — March rebalance canceled

Normally I’d look to ETFs as price discovery vehicles in times like this…

…but due to the underlying halts and lack of clarity on the future for trading in Russian equities, these funds are unlikely to be anything more than sentiment-driven trading baskets, at least for the time being.

Caveat emptor