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South Korean funeral firm reports $33M loss on leveraged ether ETF bet

Market News
20 May 2026
Coindesk
View Source
Bearish
pluang ai news

South Korea's Bumo Sarang funeral services company disclosed an unrealized loss of about $33 million from investments in a leveraged ether ETF, the T-REX 2X Long BMNR Daily Target ETF. This ETF aims to deliver twice the daily performance of BitMine Immersion Technologies, a major ether holder. Leveraged ETFs are high-risk products designed for short-term trading, amplifying both gains and losses. The loss highlights growing interest among South Korean investors in speculative crypto-linked products amid volatile digital asset markets and regulatory warnings about such risks.

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