Daily Leveraged ETFs Lead Market Decliners Amid Sharp Stock Losses
The GraniteShares 2x Long NBIS Daily ETF (NASDAQ: NBIL) fell 24.5% to $12.21, while the Leverage Shares 2x Long NBIS Daily ETF (NASDAQ: NBIG) declined 24.4% to $8.41. Both funds seek approximately twice the daily return of Nebius Group (NASDAQ: NBIS), before fees and expenses.
The Leverage Shares 2x Long CRWV Daily ETF (NASDAQ: CRWG) lost 23.9% to $8.36, with approximately 13.2 million shares traded. The fund targets twice the daily performance of CoreWeave (NASDAQ: CRWV).
The Leverage Shares 2x Long HUT Daily ETF (NASDAQ: HUTG) dropped 22.6% to $7.22, while the GraniteShares 2x Long SMCI Daily ETF (NASDAQ: SMCL) fell 20.0% to $10.94. These funds provide leveraged daily exposure to Hut 8 (NASDAQ: HUT) and Super Micro Computer (NASDAQ: SMCI), respectively.
Because these ETFs reset daily, their returns over longer periods can differ substantially from twice the cumulative returns of their underlying stocks. The available information does not identify a separate fund-specific catalyst for the declines.
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