US 2x Stock ETF LCLD Terminates After 92% Drop
2026-07-16 07:48

Woofun AI reports that LCLD, the first 2x stock ETF to be terminated in the US this year, experienced a 92% decline in a short period yesterday. This drop significantly exceeded the 50% termination threshold required for closure. Although the fund held no assets at the time of termination, the event highlights the inherent volatility associated with such leveraged financial instruments.

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Eric Balchunas
Bloomberg
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