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via Cointelegraph · By Cointelegraph Staff

South Korean Funeral Company Faces $33M Unrealized Loss on Leveraged Ether ETFs

ETH

ETH/USDT

$1,653.27

-1.26%

$1,653.27

-1.26%

(24s)

24h Volume

$15,519,807,591.54

24h H/L

$1,693.67 / $1,552.95

Change: $140.72 (9.06%)

Long/Short

73.5%

Long: 73.5%Short: 26.5%

Funding Rate

+0.0033%

Longs pay

Data provided by COINOTAG DATALive data

Ethereum

Daily

$1,656.37

▲ 2.11%

Volume (24h): -

Resistance Levels

Resistance 3$1,872.11

Resistance 2$1,771.84

Resistance 1$1,691.91

Price$1,656.37

Support 1$1,615.03

Support 2$1,552.95

Support 3$1,505.68

Pivot (PP):$1,643.87

Trend:Downtrend

RSI (14):38.2

Cointelegraph Staff

(01:23 PM UTC)

1 min read

Updated byMichael Roberts

740 views

0 comments

South Korean funeral service company Bumo Sarang is sitting on roughly 49.3 billion won ($32.7 million) in unrealized losses after investing about $40 million in customer funds into leveraged crypto exchange-traded funds (ETFs).

Bumo Sarang invested in the T-REX 2X Long BMNR Daily Target ETF (BMNU), which doubles the daily returns of Ether (ETH) treasury company Bitmine, according to the company’s…

COINOTAG does not provide financial advisory services. This content is for informational purposes only and should not be considered investment advice. Cryptocurrency investments involve high risk.

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Source

Cointelegraph Staff · Cointelegraph

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