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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

$1,653.36

-1.26%

$1,653.36

-1.26%

(24s)

24h Volume

$15,518,093,574.22

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

CoinDesk Staff

(02:46 PM UTC)

1 min read

Reviewed bySarah Chen

1060 views

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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…

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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CoinDesk Staff · CoinDesk

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