ETP
First Trust Global Risk Managed Income Index ETF
stock NYSE

Yes, most recently, a 3x IONQ ETP (note ETPs are different than ETFs) went to zero after a large one day drop. This is one of the reasons I only recommend LETFs on divisified indexes like SPX. The SPX has the added value of having circuit breakers based off of it. Other main reason is volatility decay is very harmful on anything not heavily divisified.

Yes, most recently, a 3x IONQ ETP (note ETPs are different than ETFs) went to zero after a large one day drop. This is one of the reasons I only recommend LETFs on divisified indexes like SPX. The SPX has the added value of having circuit breakers based off of it. Other main reason is volatility decay is very harmful on anything not heavily divisified.

Hi Folks,
I dabbled with these back in the 2020 when Rolls Royce was in the doldrums... Didn't hold long.
As we're getting into nose bleed territory on tech I think it's safe to say a pullback will be coming shortly and I'm tempted to have a play again with the Granite shorts in my ISA.
What I'm struggling with is volume. It looks like barely anything gets traded in these ETPs and I can't believe that's the case, you see Graniteshares trending all the time on the ticker on CNBC. I've seen their CEO on CNBC several times too. I can't imagine the "clout" it appears they have and less than 100 shares in any given ETP are traded in a day? I've got to be missing something?
If anyone has a lot of experience with these products I'd love to chat. Thanks in advance