Cboe Files 3x Bitcoin, Ether ETFs as 2x Funds Bleed 96%
Two-times products wiped up to 96% in the latest drawdown; the filing for a triple-leverage version signals Cboe reads retail appetite as surviving the wreckage.
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Two-times products wiped up to 96% in the latest drawdown; the filing for a triple-leverage version signals Cboe reads retail appetite as surviving the wreckage.
A 3x leveraged ETF is designed to target roughly three times an asset's daily move, making daily-reset effects and risk controls central if the products launch.
Bumo Sarang bought BMNU, a 2x leveraged Bitcoin ETF, with money families had handed over for funeral pre-need plans — a textbook case of custodial failure that will draw regulator attention.
Bumo Sarang's 45B-won hit came via a 2× BMNR-tracking product, a textbook leveraged-ETF drawdown that highlights how aggressively Korean retail has reached for crypto-tied leverage.