ETHT’s 23% one-day loss highlights leveraged crypto ETF risks as Ethereum falls to $1,596.42, erasing $2,269 from a $10,000 position.
The ProShares Ultra Ether ETF (ETHT) collapsed 23% on June 5, 2026, as Ethereum broke below $1,600, closing at $1,596.42. A $10,000 investment in ETHT at Friday’s open was worth $7,731 by the close, a $2,269 loss in a single session.
ETHT’s decline contrasts with the unleveraged iShares Ethereum Trust ETF (ETHA), which fell 11% on the same day. Year-to-date, ETHT has plunged 79%, while its five-year return stands at -95.74%, underscoring the risks of leveraged crypto exposure.
The sell-off coincides with expectations of a $75 billion SpaceX IPO on June 12, potentially diverting capital from speculative crypto assets. Spot ETH dropped roughly 10% to $1,591, amplifying ETHT’s losses due to its 2x leverage structure.