South Korean funeral company records $33M unrealized loss on leveraged ETH ETFs
CoinTelegraph·
60-second summary
South Korea's seventh-largest mutual aid company is currently sitting on a $33 million unrealized loss on its leveraged Ether ETF investment due to the crypto market downturn. This significant loss is a result of the company's aggressive investment strategy, which has been affected by the recent decline in Ether's price.
South Korea’s seventh-largest mutual aid company is currently sitting on a $33 million paper loss on its leveraged Ether ETF investment, following the crypto market downturn.