New Volatility ETNs On The Way

Controversial and perhaps misunderstood, the iPath S&P 500 VIX Short-Term Futures ETN

and the iPath S&P 500 VIX Mid-Term Futures ETN

are not going to be without company. The volatility ETN posse grew by one last week with the debut of the C Tracks Exchange Traded Notes

and the group is set to expand further as VelocityShares Credit Suisse plans to isse a couple of new funds to expand this asset class. Credit Suisse will issue two new volatility ETNs on behalf of VelocityShares that will trade under the tickers "VIIX" and "VIIZ." Those funds will compete with VXX and VXZ. VelocityShares will also roll out a new inverse ETN aimed at competing with the iPath Inverse S&P 500 Vix S/T Futures ETN

.