South Korean Funeral Firm Parents’ Love Loses $33 Million on 2x Leveraged Ethereum ETF Trade
cryptocrypto-markets 2 posts · 2 accounts
Parents’ Love, described by Hankyung as South Korea’s seventh-largest funeral firm, invested 59.5 billion won ($39.7 million) in a 2x leveraged exchange-traded fund tracking Ethereum. The position later fell to 10.2 billion won ($6.8 million), a drop of about 49.3 billion won, or roughly $33 million.
From the sources (2 posts)
@degeneratenewsICYMI: SOUTH KOREA’S 7TH-LARGEST FUNERAL FIRM “PARENTS’ LOVE” INVESTED 59.5B WON ($39.7M) IN A 2X LEVERAGED ETF TRACKING ETHEREUM DAT COMPANY $BMNR - VALUE CRASHED TO 10.2B WON ($6.8M) - PER HANKYUNG SOURCE: https:/
@kalshi_cryptoJUST IN: Korean funeral company loses $33M on a leveraged Ethereum ETF trade