as regional banks continue to recover amid the fallout from the silicon valley bank collapse the exchangetraded fund industry is moving quickly with new products to address the turbulence roundhill investments launched its new big bank etf bigb on tuesday in response to the banking crisis the fund includes no regional banks but holds equally weighted positions in six institutions bank of america  citigroup  goldman sachs  jpmorgan chase  morgan stanley and wells fargo  these are the banks that actually stand to benefit from this turmoil and that we believe are going to offer investors potentially the opportunity to do better than what we have seen dave mazza chief strategy officer at roundhill investments told bob pisani on cnbcs etf edge on monday mazzas fund has a gross expense ratio of 029 comparably the spdr sp bank etf kbe holds a 035 ratio according to roundhill the bigb balances on a quarterly basis and reconstitutes on an annual basis the launch of the etf comes as larger banks are increasingly being seen as relative safe havens in the sector while regional bank stocks remain volatile this week first republic bank frc shares soared more than 29 on tuesday before retreating midweek the spdr sp regional banking etf kre also gave up some of its gains during wednesdays session investors shouldnt just jump to this because banks are in the news and both the good and the bad that comes with it todd rosenbluth head of research at vettafi said monday in the same segment in fact that might be a reason of risk he continued you may want to steer clear of financials because you have it within your portfolio according to rosenbluth financial etfs have garnered 51 of the sector traffic on vettafi sites in the past week compared with 12 the week prior and 5 at the start of the year you want to make sure that youre researching for the right reasons he said you could either be buying you could be selling you shouldnt just go into financials just because its making the headlines as a result of the banking crisis in recent weeks financial institutions are facing increased government regulations the fed already has launched its own internal review about the oversight of svb and signature which it says will be released by may 1 i dont think many could have predicted the turmoil that were seeing today mazza said in a crisis of confidence where really investors are going and picking and choosing any areas of weakness the idea that investors are now going to have the opportunity to gain that financial exposure without the dilution that theyre going to potentially get with other potential etfs is really exciting for investors seeking to gain exposure to large banks rosenbluth stressed the importance of understanding what a particular fund is composed of in value etfs in particular financials is the heavyweight he said with these sector etfs in general and more concentrated etfs you really want to make sure you want to overweight them