South Korean funeral company reveals $33 million loss on leveraged ether ETF bet
South Korean funeral company Bumo Sarang disclosed a $33 million unrealized loss from leveraged ether ETF investments, specifically the T-REX 2X Long BMNR Daily Target ETF targeting 200% daily performance. The loss reflects growing South Korean appetite for high-risk crypto trading products and broader crypto market volatility. Leveraged ETFs amplify both gains and losses, making them extremely risky for retail investors.
Coins in this story
Explore how ETF is shaping crypto markets — aggregated stories, leading coins, and weekly momentum.
Explore narrativeRelated stories
CoinDesk 20 performance update: Uniswap (UNI), up 3.7%, leads index higher
Bittensor (TAO) gained 2.1%, joining Uniswap (UNI) as a top performer....
Raoul Pal says AI and crypto are reshaping the global economy faster than most think
Raoul Pal argues AI and crypto are converging to reshape global finance faster than anticipated, creating an "exponential age." He frames crypto as the ownership layer for future infrastructure, enabling individuals worldwide—including investors in emerging markets like Nigeria—to access previously excluded financial assets. Pal predicts the crypto market could grow from $2.7 trillion to $100 trillion within a decade.