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Technology leveraged ETFs plummeted, with some falling as much as 60%, triggering further selling due to additional margin calls.
Investors placed big bets on the rebound of technology stocks last month, pouring billions of dollars into leveraged ETFs that invest in technology companies. However, these funds have recently suffered significant losses, with some falling by as much as 60%. Some analysts have pointed out that the biggest concern now is "forced selling", which could further push down stock prices.
The plummet of US stocks has severely affected leveraged technology ETFs, with a market cap evaporating up to 60%.
Last month, investors bet billions of dollars on a sharp rebound of technology stocks. Now, their leveraged ETF positions are suffering heavy losses in the widespread market downturn.
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