Have been leveraged ETFs that blew-up?

C

crgarcia

In a 2:1 theoretically a 50% adverse move would equal a blow-up.
However many leveraged ETFs track twice the DAILY movement.

Has any 2X ETF blown-up?
 
NO 2X ETF has blown up, I hear this time and time again, the only way it could happen is if a sector or index moves more than 50% in a day, and that really isnt quite possible, I dont think any sector in history has dropped or rallied 50% in a given 6.5 hour market day.
 
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