ETHT Has An Unwinnable $242.5 Million Problem
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ProShares Ultra Ether ETF (NYSEARCA:ETHT) launched in June 2024 with a promise of 2x daily leveraged exposure to Ethereum through futures contracts. The fund has attracted $242.5 million in assets, but that leverage cuts both ways. During crypto’s recent downturn, the same mechanism that doubles gains has brutally magnified losses, leaving the ETF down 58% ... ETHT Has An Unwinnable $242.5 Million Problem
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