Levered ETFs represented $3T (trillion with a T) in volume for the month of June. These ETFs create synthetic gamma positions that must be managed everyday before the close.
Levered ETFs generated $3 trillion in volume during June, requiring daily synthetic gamma management.
Levered ETFs represented $3T (trillion with a T) in volume for the month of June. These ETFs create synthetic gamma positions that must be managed everyday before the close.
Levered ETFs represented $3T (trillion with a T) in notional volume for the month of June. These ETFs create synthetic gamma positions that must be managed everyday before the close.
Levered ETFs represented $3T (trillion with a T) in gross volume exposure for the month of June. These ETFs create synthetic gamma positions that must be managed everyday before the close.
And crazier "levered ETFs represented nearly $3 trillion in gross volume exposure last month, which is equivalent to ~40% of June US-listed ETF notional volumes. Levered ETFs currently account for $175BN in AUM but represent more than $430BN in gross exposure"-GS https://t.co/X0f4amqSFc