That growth has produced both standout winners and severe losses.
The largest leveraged ETF, the US$31.3bn ProShares UltraPro QQQ ETF, which targets three times the daily performance of the Nasdaq 100 index, has gained close to 40 percent this year.
By contrast, the Defiance Daily Target 2x Long MSTR ETF has plunged more than 83 percent, while an ETF tracking twice the performance of Super Micro has dropped more than 60 percent, and a 2x long cannabis ETF is down 59.4 percent, according to Reuters.
At the same time, the SEC has delayed implementation of new short-selling and stock lending disclosure rules by several years, Bloomberg reported.
Investment managers now have until 2 January 2028 to comply with short-sale reporting, and until 28 September 2028 for related stock lending disclosures, under an order issued Wednesday.