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South Korean funeral company reveals $33 million loss on leveraged ether ETF bet
ETH
ETH/USDT
$1,887.16
+0.14%
$1,887.16
+0.14%
(24s)24h Volume
$1,649,297,682.64
24h H/L
$1,889.41 / $1,877.01
Change: $12.40 (0.66%)
Long/Short
66.9%
Long: 66.9%Short: 33.1%
Funding Rate
+0.0045%
Longs pay
Data provided by COINOTAG DATALive data
CS
CoinDesk Staff(02:46 PM UTC)
1 min read
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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