---
title: "Bumo Sarang Faces Significant Losses from Leveraged ETF Investment"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/286875910.md"
description: "Bumo Sarang, South Korea's seventh-largest mutual aid company, reported a loss of 49.3 billion won last year due to a 59.5 billion won investment in a leveraged ETF tracking Bitmine, linked to Ethereum. A review indicated that 42.7% of 75 mutual aid companies had total assets below customer advance payments."
datetime: "2026-05-19T07:59:57.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/286875910.md)
  - [en](https://longbridge.com/en/news/286875910.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/286875910.md)
---

# Bumo Sarang Faces Significant Losses from Leveraged ETF Investment

Bumo Sarang, the seventh-largest mutual aid company in South Korea, reported a loss of 49.3 billion won last year. According to NS3.AI, this loss resulted from investing 59.5 billion won of its operating funds into a leveraged ETF. The ETF was structured to track twice the daily return of Bitmine, a stock associated with Ethereum. A review by Hankyung of 2025 audit reports for 75 mutual aid companies revealed that 42.7% of these companies had total assets below the advance payments owed to customers.

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