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via Cointelegraph · By Cointelegraph Staff
South Korean Funeral Company Faces $33M Unrealized Loss on Leveraged Ether ETFs
ETH
ETH/USDT
$1,886.48
+0.14%
$1,886.48
+0.14%
(24s)24h Volume
$1,855,258,965.87
24h H/L
$1,892.31 / $1,877.01
Change: $15.30 (0.82%)
Long/Short
66.7%
Long: 66.7%Short: 33.3%
Funding Rate
+0.0032%
Longs pay
Data provided by COINOTAG DATALive data
CS
Cointelegraph Staff(01:23 PM UTC)
1 min read
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…
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