UGLD USLV DGLD DSLV UGAZ DGAZ ZIV VIIX TVIX soon to be delisted
- Thread starter betcashrun
- Start date
Currently TVIX is spiking a little due to market conditions, but the discussion here wasn’t related to market conditions but to its delisting. And possibly the price could be even higher if not for being delisted. Basically I wouldn’t trust it right now.
Looks like we may have a replacement for TVIX in a few months:
https://www.bloomberg.com/amp/news/...etn-gets-a-copycat-within-hours-of-its-demise
https://www.bloomberg.com/amp/news/...etn-gets-a-copycat-within-hours-of-its-demise
Me neither since TVIX about to be delisted, going back to UVXY instead. I'm really going to miss it
Thx re article, interesting it'll be ETF vs etn
Last edited:
They wont close core products. You can simply check volumes to assume what will close and what wont in the near future. Don't compare low volume 3x etf's that cost the company money to reverse split and split vs their 3x etfs with tens or millions of volume a week.
TVIX was a core product, one of most popular ETFs, with $1.5 billion in assets.
So what you wrote doesn’t make sense.
What I said makes total of sense although I assumed people would figure out that an asset which requires constant reverse splits isn't a good long term product for any company. Just because it's highly traded doesn't make it a core product for the company; TVIX was a highly traded product in RH and it still got delisted. An asset that perpetually declines near zero and requires constant splits doesn't sound like a "core product"... As a business these ETFs are loss leaders (or marginally profitable) to get people into the leveraged game and to gain market share vs competitors. Now these traders should look to the leveraged products that require much less, or no splits like index/sector based ETF's. It's obvious that these ETF's are immensely more profitable than the ETF's that will be delisted.
btw the aum is ~1B not 1.5B but it doesn't matter due to the rapid decline.