Bloomberg ETF Analyst: Some 2x Leveraged ETFs Track Stocks Down Over 50%, More Product Closures Expected
Odaily reported that Bloomberg ETF analyst Eric Balchunas posted on X, stating that the current drawdown data for all stocks tracked by 2x leveraged ETFs shows that declines exceeding 50% persist. Therefore, further product closures similar to LCDL are expected, but they are likely to occur intermittently unless a black swan event happens, and the user base of these products remains unconcerned.
