Direxion's $95M Drop: A Warning Sign for ETF Providers? The recent news that Direxion has lost $95 million in assets under management (AUM) should send a chill through the exchange traded fund (ETF) industry.
This significant decline is not an isolated incident; several other providers have also suffered substantial losses over the past year. GraniteShares, for example, has lost 1.
76% of its AUM, while Volatility Shares LLC has seen a 0. 96% decline. These figures may seem small, but they can quickly add up and have a devastating impact on an ETF provider's bottom line.