South Korea's Seventh-Largest Pension Relief Company Loses $32.73M on Ethereum Leveraged ETF in 2025

According to Yonhap Economic Daily, Bumo Sarang, South Korea’s seventh-largest pension relief company, invested 59.5 billion won in a daily double-return leveraged ETF tracking Ethereum-themed stock Bitmine in 2025, resulting in a loss of 49.3 billion won (approximately $32.73 million). An audit review of 75 pension relief companies’ 2025 financial reports revealed that 42.7% of firms have total assets below the advance payments owed to clients, indicating potential insolvency if all policyholders were to request simultaneous redemptions.