South Korean funeral company reveals $33 million loss on leveraged ether ETF bet

A Seoul-based funeral services firm disclosed tens of millions of dollars in unrealized losses tied to leveraged ether ETF investments. What to know : A South Korean funeral company disclosed a roughly $33 million unrealized loss tied to a leveraged crypto-related ETF. The firm invested in the T-REX 2X Long BMNR Daily Target ETF (BMNU), which targets 200% of BitMine Immersion Technologies’ daily performance. The disclosure highlights rising appetite among South Korean investors for high-risk leveraged trading products.