27-01-2025
Triple-Levered Nvidia Traders Are Gutpunched by 52% One-Day Loss
As levered-up US investors sustained eye-popping losses in tech stocks and related ETFs on Monday, they could take some comfort from the fact that another batch of speculative traders across the Atlantic had it even worse.
Amid a bruising global rout sparked by anxiety over the rise of China's DeepSeek AI model, the London-listed Leverage Shares 3x NVIDIA ETP slumped 52%, wiping out more than half of its $172 million in assets before trading was halted on Monday. That eclipsed even twice-levered US single-stock funds like GraniteShares 2x Long NVDA Daily ETF (ticker NVDL), which was on course to drop a record 36% as of Monday afternoon.
