/biz/ - Business & Finance

>>53760281
All etfs have an Achilles' Heel where Proshares or Direxion can shut it down and liquidate your shares at any time if they choose to. They would be inclined to do this if there was significant outflow where the Assets Under Management falls too low because of people fleeing an extended bear market. Because with too low of an AUM it's not profitable to run the etf anymore.
/smg/ seems to think they're bound by a magical rule where the underlying index has to drop enough % in one day, but in reality they can close it whenever they want.