US leveraged equity ETFs attracted $12B in inflows over the last month despite falling market cap, signaling aggressive retail risk appetite.
Macro & Markets ·
The ten largest US leveraged equity ETFs accumulated $12 billion in inflows over the last month despite their combined market cap declining $20 billion in the same period. The 3x leveraged semiconductor ETF SOXL drew $9 billion in inflows over two weeks, marking its largest such period on record, while TQQQ, the 3x leveraged Nasdaq 100 ETF, posted $1.3 billion in inflows for its second-largest two-week intake of 2026. Over five months, these ten funds have attracted $19 billion in total inflows.