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Wall Street investors have faced substantial losses as leveraged exchange-traded funds (ETFs) have plummeted in value. Notably, the 2x Leveraged Long MicroStrategy ETF ($MSTU) has dropped 41% over the last three trading sessions and is down 81% since its peak on November 20. Similarly, the 2x Leveraged Long Palantir ETF ($PTIR) has lost 52% in the past five days. Other leveraged ETFs have also seen significant declines, with the 2x Leveraged Long Tesla ETF ($TSLT) down 31% over the last five days and the 3x Leveraged FANG Innovation ETN ($BULZ) down 27%. Overall, leveraged ETFs tied to Bitcoin and other tech stocks have suffered losses of up to 40% in a matter of days, raising concerns among investors about the risks associated with leveraged trading strategies.
⚠️US market gambles have been absolutely DESTROYED: The 2x Leveraged long ETFs over the last 3 sessions and 5 days: MicroStrategy $MSTU -41% and -47% Palantir $PTIR -32% and -52% Tesla $TSLT -27% and -31% The 3x Leveraged FANG Innovation ETN $BULZ -22% and -27%. Insane. https://t.co/jV4VJRY36R
This is incredible: The 2x Leveraged Long MicroStrategy ETF, $MSTU, has dropped 41% over the last 3 trading sessions. The ETF is now down -81% since its November 20th peak. At the same time, the 2x Leveraged Long Palantir ETF, $PTIR, lost -52% over the last 5 days. Leverage… https://t.co/6i2PKwguiF https://t.co/F7tqpbDcn6
Wall Street risk-takers take a hit as leveraged ETF losses hit 40%: One striking example: Two leveraged ETFs tied to Michael Saylor’s #Bitcoin-focused company, which were once worth over $5bn, have plunged about 40% in just 3 days. Leveraged funds promising twice the daily… https://t.co/cryDbaU3TV
