Several daily leveraged ETFs tied to tech and crypto-related stocks dropped sharply, with declines over 20%. Notable falls include GraniteShares 2x Long NBIS Daily ETF down 24.5% and Leverage Shares 2x Long CRWV Daily ETF down 23.9%. These ETFs aim to deliver twice the daily returns of their underlying stocks but can diverge significantly over time due to daily resetting. No specific catalyst was identified for the broad declines, highlighting the risks of leveraged ETFs during volatile market conditions.
The sharp losses in leveraged ETFs tied to NBIS and CRWV contrast with their underlying stocks' smaller declines on Pluang as of Oct 17, 2026 04:21 WIB, where NBIS fell 11.35% and CRWV dropped 11.71%. Despite these drops, NBIS remains well above its 52-week low of $73.87 but far from its $286.69 high, while CRWV is trading just above its 52-week low of $60.82, highlighting the amplified risks of leveraged ETFs compared to their base assets.
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