However, financial markets have embraced that idea that Morsi has been removed from power because the Market Vectors Egypt ETF (NYSE: EGPT ) has been surging this week. EGPT, which had previously reached lows that worse than those seen during the Arab Spring, was reverse split on a 1-for-4 basis on Monday , so the ETF got the benefit of some artificial price inflation. News of Morsi's potential then realized ouster has been a boon for EGPT, sending the ETF higher on impressive volume .