Reported 8 months ago
The leveraged bet on Nvidia by retail investors, using the GraniteShares 2x Long NVDA Daily ETF, drew in a record $743 million last week but faced significant losses as Nvidia's stock plummeted. The high-risk move highlights the potential pitfalls of investing in leveraged ETFs, especially when market conditions change. Launched in 2022, the $3.7 billion ETF has attracted about $1.8 billion in 2024 and remains up 329% for the year, despite recent losses.
Source: YAHOO