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

Odaily Planet Daily News: Bloomberg ETF analyst Eric Balchunas posted 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 other products similar to LCDL will also be discontinued, although this may happen at intervals unless a black swan event occurs. Moreover, the group using these products will not mind.