BOIL Loses 99% Value
BOIL, a 2x natural gas ETF, has lost nearly all its value due to contango, a condition where futures prices exceed spot prices. This has led to significant losses for investors over the past decade.
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BOIL, a 2x natural gas ETF, has lost nearly all its value due to contango, a condition where futures prices exceed spot prices. This has led to significant losses for investors over the past decade.