Not the best ETF news for the start of the new year, but I'm still sure that 2013 will be a good one for the industry. But in the meantime, we are losing 4 ETNs from VelocityShares...
- IPAL - VelocityShares 2x Inverse Palladium ETN
- LCPR - VelocityShares 2x Long Copper ETN
- LPAL - VelocityShares 2x Long Palladium ETN
- SCPR - VelocityShares 2x Inverse Copper ETN
All four notes are 2x leveraged ETNs, two of which are palladium notes and two of which are copper ETNs. So I guess it's good we have some other copper ETPs coming to market soon.
The main reason for the delistings was lack of investor interest, which led to low assets. So, as of the opening bell tomorrow, these ETNs will no longer be available for trading. However, if you want to see other copper or palladium options, you can always check out the...