$SNXX token price sticks around 12.72, tracking the underlying security’s reference price pretty much sideways. However, over the past 24 hours it was dumped from 14.66 to 12.39, with an amplitude of more than 15%. For a single-stock ETF, that level of volatility isn’t small. Right now the price is stuck near the lower half of the range: it hasn’t broken the low point, but it also hasn’t regained lost ground, so the short-term direction isn’t very clear. Trading volume is over 11 million; for a security of this size, that’s fairly active. But since this is a 2x leveraged product, the higher turnover is more about trading and sentiment than capital actually settling in. The underlying security reference is down 2.95%, while the token is down 4%. The leveraged drag has already shown up. If you hold this kind of product overnight, you need to clearly account for the cost.

Note: bStocks are tokenized products and do not equal holding the underlying stocks or having shareholder rights.