Webull Shares Plunge 20% and BULG ETF Drops 48% Amid US Regulatory Concerns

Key Facts

1Webull shares plunged more than 20% following a US congressional report raising concerns over the company's ties to China.

2The 2X leveraged ETF BULG faced a 48% decline due to the sharp rout in the underlying Webull stock.

Webull shares plunged more than 20% following a US congressional report raising concerns over the company's ties to China. Benzinga reported that the 2X leveraged ETF BULG faced a 48% decline due to the sharp rout in the underlying Webull stock.

BULL closed at $7.28 on October 6, 2026, after reaching a day high of $7.44 and a low of $7.26. The price action follows heightened regulatory and geopolitical scrutiny from the US Congress regarding the company's operations and its connections to China.