Leveraged and Inverse ETFs Skyrocket with Weekly Gains Up to 85%
Last week was remarkable for leveraged and inverse ETFs as several assets experienced significant price movements. The TEMT ETF, which provides 2x exposure to Tempus AI Inc., topped the list with over 85% weekly gains. This surge can be attributed to positive clinical trial results from Merck and Moderna and bullish analyst activity.
The XRPT ETF, an actively managed fund offering 2x daily price participation in XRP, ranked second on the list returning ~83% in the last week. The XRP ETF gained due to a massive surge in institutional inflows, a broader crypto market rally driven by U.S. Treasury policies, and major institutional disclosures.
Several other assets also made it to the top performers list, including ETHU, ETHT, and BITX, all of which provide 2x exposure to Ether or Bitcoin. These ETFs experienced weekly gains ranging from ~60% to over 48%. The surge in these assets can be attributed to a mix of higher market liquidity, political optimism, strong institutional buying, and growing regulatory optimism.