The exchange-traded products market is showing signs of strain following the market meltdown triggered by the coronavirus outbreak. New launches have been virtually halted, and several leverage and inverse structures being taken off the market, either via closure or delisting.
In the first week of March, Barclays began the delisting process of the iPath US Treasury Long Bond Bear ETN (DLBS) after a fall in value. The exchange-traded note (ETN) is now only available for over-the-counter trading. There are no tranche-based structures linked to this underlying, according to SRP data. Credit Suisse also called the Credit Suisse X-Links Monthly Pay 2xLeveraged Alerian MLP Index ETN (AMJL) on 18 March. The ETN’s price, which had been in a su