risk appetite is skyrocketing.

assets under management (AUM) in US leveraged ETFs are up to a record $177 billion.

since the march bottom, total leveraged ETF AUM has surged +$45 billion.

tech-oriented ETFs account for the majority of total AUM, at ~69%.

technology AUM stands at $65 billion, followed by semiconductors at $32 billion, and the magnificent 7 at $25 billion.

leveraged ETF AUM linked to the S&P 500 is $24 billion.

to put this into perspective, total leveraged ETF AUM was just ~$30 billion in 2020.

investors are piling into leveraged funds at a record pace.