Bloomberg ETF Analyst: Some 2x Leveraged ETFs Track Stocks Down Over 50%, Expect More Product Closures

Odaily Odaily Planet Daily reports that Bloomberg ETF analyst Eric Balchunas stated on X platform that the current drawdown of all stocks tracked by 2x leveraged ETFs shows that declines of over 50% persist. Therefore, it is expected that more products similar to LCDL will be closed, though closures may occur intermittently unless a black swan event happens, and users of these products are unlikely to care.