---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/40171251.md"
description: "The 2x Long Robinhood ETF plunged over 11%, with the underlying Robinhood stock hit by a double whammy of shrinking crypto trading volume and weakening overall market sentiment. The 2x Long Rocket Lab ETF fell over 12%, the Palantir Long ETF dropped over 14%, and the Oracle Long ETF declined over 12%. The underlying stocks of these three had accumulated significant gains earlier, leading to clear profit-taking pressure when macro sentiment tightened. The leveraged ETFs doubled the losses.The 2x Long MicroStrategy ETF fell more than 7%, closely linked to Bitcoin's price movement, dragged down by the overall weakness in crypto assets. The 2x Long Meta ETF fell nearly 5%, performing slightly better than the others, as Meta's fundamentals remain relatively strong among large-cap tech stocks.Leveraged ETFs have a daily compounding reset mechanism. The decay effect can significantly amplify losses during a downtrend, making them unsuitable for long-term holding."
datetime: "2026-04-24T10:46:51.000Z"
locales:
  - [en](https://longbridge.com/en/topics/40171251.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/40171251.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/40171251.md)
author: "[ 长久的约定](https://longbridge.com/en/profiles/27514672.md)"
---

# The 2x Long Robinhood ETF plunged over 11%, with t…


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