2x ETFs track stocks with repeated 50%+ drawdowns, raising termination risks like $LCDL per Eric Balchunas analysis on July 21 2026.

According to Eric Balchunas, several 2x single stock ETFs have experienced significant losses over the past few days; however, their corresponding -2x versions have gained just as much, illustrating the volatility and trading opportunities in the current market environment. This scenario highlights the potential for traders to capitalize on market movements by strategically leveraging inverse ETFs. Source: Eric Balchunas via Bloomberg.