VelocityShares Reports Profit and Integration Progress

VelocityShares Daily 2x VIX Short-Term ETN (TVIXF) has released an update.

VelocityShares Daily 2x VIX Short-Term ETN has announced a return to reported net profits and capital accretion, highlighting a significant quarter of progress with a reported net profit of 1.8 billion. The company has also achieved a milestone of 1 billion in annualized cost savings, moving towards a 13 billion target, and is on track with integration plans including legal entity restructuring. Despite market uncertainties, the firm has shown strong client asset growth, particularly in Global Wealth Management with invested assets surpassing 4 trillion.

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