We have our first termination of a 2x stock ETF in the US this year (there's been a few in Europe where leverage is much higher). LCLD went down 92% in short order yest, well beyond the 50% threshold for termination. It had no assets but still good reminder of the vol of some of these. Here's GraniteShares release on it and below that is the chart on it.(Eric Balchunas)