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Triple-Leveraged Oil Fund Among Niche ETFs That Are Plunging

Claire Ballentine and Katherine Greifeld
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Triple-Leveraged Oil Fund Among Niche ETFs That Are Plunging

(Bloomberg) -- Distress reigns in corners of the market for exchange-traded products as the spreading coronavirus and all-out oil price war upend assets around the world.

U.S. stocks plunged, crude slid the most since 1991 and Treasury yields plumbed record lows. Credit markets torpedoed and the dollar slumped. And now, the pithy slogan “there’s an ETF for that” means there’s a product getting hammered in areas of the markets most under duress.

Here’s where the pain is most acute:

Oil

VelocityShares ETN Escapes ‘Trigger Event’ Even as Oil Collapses

Treasury Bears

Cboe Delists Bearish Treasury ETN Amid Haven Demand Explosion

Banks

Emerging Markets

Pets, Travel and Pot

(Updates prices.)

--With assistance from Joe Carroll.

To contact the reporters on this story: Claire Ballentine in New York at cballentine@bloomberg.net;Katherine Greifeld in New York at kgreifeld@bloomberg.net

To contact the editors responsible for this story: Jeremy Herron at jherron8@bloomberg.net, Rita Nazareth, Dave Liedtka

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