Leveraged Ether ETF Dives a Record 46% in Tariff Selloff
- Fund had seen inflows every month since launch last year
- Trump’s tariff news hits cryptocurrencies and global markets
The plunge caught many off guard and triggered a wave of liquidations.
Photographer: Milan Jaros/BloombergThis article is for subscribers only.
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.