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Leveraged Ether ETF Dives a Record 46% in Tariff Selloff
A leveraged ETF seeking to offer two-times the daily performance of Ether clocked its biggest-ever plunge as the token sold off amid President Donald Trump’s latest trade-war salvo. The 2x Ether ETF (ticker ETHU) was down 46% at one point on Monday, the most since its June inception as the underlying digital asset shed as much as 35% over the weekend. The nearly $1 billion fund had seen inflows every month since its launch last year, hauling in $185 million in January alone, data compiled by Bloomberg show. The ETF did not track Ether’s fall exactly because ETHU does not invest directly in Ether but uses futures ... (full story)