The US leveraged ETF market trading volume is exploding:
The total notional trading volume across US-listed leveraged and inverse ETFs surged to $90 billion on Tuesday, the highest on record.
This figure has more than TRIPLED over the last 12 months.
To put this into perspective, this represented ~50% of all assets under management across the entire leveraged and inverse ETF universe.
The 3x leveraged short semiconductor ETF, $SOXS, alone traded over 1.3 billion shares, the 3rd-largest single-session volume for any US-listed ETF over the last 20 years.
This is only behind the 2x leveraged long Nasdaq 100 ETF, $QLD, and the 2x leveraged long S&P 500 ETF, $SSO, both of which set their records during the 2008 Financial Crisis.
Risk appetite has never been higher.
US-listed leveraged and inverse ETF trading volume reached a record $90 billion, more than tripling over the past year. The post highlights unusually high speculative activity, especially in SOXS, and frames this as evidence that risk appetite is extremely elevated.
QLD is mentioned only as a historical comparison for ETF single-session volume records during the 2008 Financial Crisis. External data shows QLD at 86.51, down 4.01%, but the post does not express a current directional view on QLD. No event calendar data is provided.
The post focuses on SOXS as an example of record leveraged ETF activity, noting over 1.3 billion shares traded. External data is consistent with heightened activity: SOXS was quoted at 6.57, up 10.79%, and recent news also references the 1.3 billion-share trading surge. However, the post uses SOXS mainly as evidence of speculative volume and elevated risk appetite, not as a buy or sell thesis.
SSO is mentioned only as a historical comparison for ETF single-session volume records during the 2008 Financial Crisis. External data shows SSO at 63.67, down 3.22%, with recent broader market-related headlines, but the post does not provide a current investment view on SSO. No event calendar data is provided.
关键要点
Total notional trading volume in US leveraged and inverse ETFs reportedly surged to $90 billion on Tuesday, the highest on record.
The figure has more than tripled over the last 12 months and equaled roughly 50% of total AUM in the leveraged and inverse ETF universe.
SOXS traded over 1.3 billion shares, described as the third-largest single-session volume for any US-listed ETF in the last 20 years.
QLD and SSO are cited as the only ETFs with larger single-session volume records, both during the 2008 Financial Crisis.
The author interprets the surge as a sign that market risk appetite is extremely high, but does not make a directional call on the ETFs.
