US-listed leveraged and inverse ETFs hit a record $90 billion in single-day notional volume, tripling year-ago levels and signaling historic risk appetite

US-listed leveraged and inverse ETFs hit a record $90 billion in single-day notional volume, tripling year-ago levels and signaling historic risk appetite

Leveraged ETFs, extreme volatility and dealer flows are feeding off each other in one of the most unusual market structures on the planet.