Barclays Suspends Sales For 30 iPath ETNs

Apr 28, 2022

Reviewed by: Dan Mika

Edited by: Dan Mika

Barclays is halting sales of 30 iPath exchange-traded notes, nearly a month after an error forced the bank to halt redemptions of its oil and VIX futures notes.

The sales halt is effective as of trading Thursday and affects nearly $2.8 billion worth of assets between 30 notes.

In a statement, the bank said it is amending financial statements in its calendar year 2021 annual report regarding internal controls. Since its ETN prospectuses reference that document, Barclays said it cannot continue to sell those securities until it amends the note registration and registration shelf statements.

A Barclays spokesperson declined to comment on when the bank expects to make amendments and restart sales.

Barclays is restating parts of its annual report in part due to its mid-March suspension of the iPath Pure Beta Crude Oil ETN (OIL) and the iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX). The bank said it had issued roughly $15.2 billion more of the notes than the $20.8 billion maximum in the registration statements for approximately a year due to an administrative error.

The bank took a $591 million charge for the quarter in connection with the error.

Fund	Ticker	AUM
iPath Bloomberg Commodity Index Total Return ETN	DJP	$1,194,585,049.59
iPath Shiller CAPE ETN	CAPD	$457,424,822.40
Barclays ETN+ Select MLP ETN	ATMP	$213,942,212.11
iPath Series B Bloomberg Copper Subindex Total Return ETN	JJC	$98,288,366.37
iPath Series B Carbon ETN	GRN	$88,347,169.66
iPath Series B Bloomberg Coffee Subindex Total Return ETN	JO	$75,807,641.44
iPath Series B Bloomberg Grains Subindex Total Return ETN	JJG	$64,849,739.24
iPath Series B S&P 500 VIX Mid-Term Futures ETN	VXZ	$63,281,280.77
iPath Series B Bloomberg Nickel Subindex Total Return ETN	JJN	$60,779,356.11
iPath Pure Beta Broad Commodity ETN	BCM	$57,143,539.08
iPath S&P GSCI Total Return Index ETN	GSP	$44,104,934.22
Pacer iPath Gold ETN	GBUG	$41,441,725.62
iPath Series B Bloomberg Cotton Subindex Total Return ETN	BAL	$40,265,894.73
iPath Series B Bloomberg Tin Subindex Total Return ETN	JJT	$35,038,091.22
iPath Series B Bloomberg Sugar Subindex Total Return ETN	SGG	$32,625,873.24
iPath Series B Bloomberg Agriculture Subindex Total Return ETN	JJA	$29,226,073.78
iPath Series B Bloomberg Industrial Metals Subindex Total Return ETN	JJM	$28,130,122.59
iPath Bloomberg Cocoa Subindex Total Return ETN	NIB	$25,778,534.62
iPath Series B Bloomberg Aluminum Subindex Total Return ETN	JJU	$24,018,337.23
Pacer iPath Gold Trendpilot ETN	PBUG	$23,917,750.60
iPath Series B Bloomberg Livestock Subindex Total Return ETN	COW	$22,193,374.43
iPath Series B Bloomberg Softs Subindex Total Return ETN	JJS	$20,239,704.20
iPath Silver Exchange-Traded Notes	SBUG	$13,759,324.25
iPath S&P MLP ETN	IMLP	$12,896,395.04
iPath Series B Bloomberg Energy Subindex Total Return ETN	JJE	$7,768,495.76
iPath Series B Bloomberg Precious Metals Subindex Total Return ETN	JJP	$6,965,603.44
iPath Series B Bloomberg Platinum Subindex Total Return ETN	PGM	$6,262,749.66
Barclays Women in Leadership ETN	WIL	$3,791,149.71
Barclays Return On Disability ETN	RODI	$2,560,898.40
iPath Bloomberg Lead Subindex Total Return ETN	LD	$2,507,568.59

Contact Dan Mika at [email protected], and follow him on Twitter

Dan Mika

Dan Mika is a reporter for etf.com. He has previously covered business for the Ames Tribune and Cedar Rapids Gazette in Iowa, and BizWest Media in Fort Collins, Colorado. Dan holds a bachelor's degree in journalism from Truman State University.

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Barclays Suspends Sales For 30 iPath ETNs

Barclays Suspends Sales For 30 iPath ETNs

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