possible. people should realize they do terminate these etf's, vis-a-vis vzz, and return the investors money per a set date. go to the vzz yahoo finance page for more info on this. a really terrible risk for holders of these vix etf's. imho.
Is you presumption based on instinct? Why would they terminate with hot volume? It's failry well know that around 1440-50 the market should retract about 15%. Mid April or Early May is the guess i heard. That means ALL VIX et?s will pop like crazy unti September. We're fairly near the annual lows on Bear funds if you were to ask me. The Bull is playing on borrowed money...literally. First good drop and the margin calls will start a waterfall. Just my opinion. I went to cash except some play money. 5% is nothing if you miss the first (hour)day of a waterfall drop.