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via CoinDesk · By CoinDesk Staff

South Korean funeral company reveals $33 million loss on leveraged ether ETF bet

ETH

ETH/USDT

$2,500.96

+1.95%

$2,500.96

+1.95%

(24s)

24h Volume

$7,125,110,865.17

24h H/L

$2,523.97 / $2,450.00

Change: $73.97 (3.02%)

Long/Short

58.8%

Long: 58.8%Short: 41.2%

Funding Rate

+0.0013%

Longs pay

Data provided by COINOTAG DATALive data

Ethereum

Daily

$2,502.59

▲ 0.90%

Volume (24h): -

Resistance Levels

Resistance 3$2,855.08

Resistance 2$2,639.52

Resistance 1$2,552.17

Price$2,502.59

Support 1$2,449.71

Support 2$2,372.60

Support 3$2,190.20

Pivot (PP):$2,472.79

Trend:Uptrend

RSI (14):65.2

CoinDesk Staff

(02:46 PM UTC)

1 min read

Reviewed bySarah Chen

0 comments

A Seoul-based funeral services firm disclosed tens of millions of dollars in unrealized losses tied to leveraged ether ETF investments.

A South Korean funeral services company has reported an unrealized loss of about 45 billion won ($33 million) tied to investments in leveraged ether (ETH) exchange-traded funds (ETFs).

The Seoul-based Bumo Sarang, Korean for Parental Love, invested in the T-REX 2X…

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CoinDesk Staff · CoinDesk

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