U.S. Leveraged ETF Assets Hit $198 Billion All-Time High, Up 55% on June 24

According to BlockBeats, on June 24, U.S. leveraged exchange-traded funds reached a record $198 billion in total assets under management, representing a 55% increase in the same period.

The three-times leveraged Nasdaq-100 ETF TQQQ has grown to approximately $40 billion in assets, while the three-times leveraged semiconductor ETF SOXL hit a new high of $34 billion. Since April, SOXL has grown more than threefold and TQQQ has nearly doubled.