Have been leveraged ETFs that blew-up?

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?

 

A 50% adverse move in one day yes... over time no

 

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.

 

It can theoretically go to zero but it cant blow up