WULX is trading 4.9% down today, reflecting sharp volatility in its underlying holding TeraWulf (WULF) and a broader downturn in the AI-infrastructure and bitcoin-mining sectors.
- As a 2x leveraged product, the ETF is experiencing magnified intraday losses driven by the recent tech/AI rout and significant cryptocurrency price swings.
- Persistent sector-specific risk remains high as investors reassess high-beta AI-infrastructure plays, contrasting with stabilization in major macro indices.