---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/36668029.md"
description: "$NVO 2X Long ETF(NVOX.US) has dropped 73% from its high, wiping out billions in market cap. I've never seen such a drastic drop before."
datetime: "2025-11-24T13:25:41.000Z"
locales:
  - [en](https://longbridge.com/en/topics/36668029.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/36668029.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/36668029.md)
author: "[蓝山。](https://longbridge.com/en/profiles/12758146.md)"
---

# $NVO 2X Long ETF(NVOX.US) has dropped 73% from its…


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