Weekly Channel Summary
The Leverage & Inverse channel closed the week with $179.40B in total AUM spread across 797 ETFs from 28 issuers. Net flows were positive over the trailing 5-day period at $1,219M, contributing to a YTD net inflow of $7,678M and a 1-Year net inflow of $12,152M. These figures reflect sustained investor engagement with leveraged and inverse products across multiple asset classes throughout the year.
This Week’s Performance Leaders and Laggards
Leveraged and inverse crypto products led the channel this week, with the Leverage | Inverse – Crypto category returning 7.34% WTD, extending a strong 1-month gain of 59.46% though it remains down 39.05% YTD. The Leverage | Inverse – Single Stock category followed closely with a 4.57% WTD gain, and stands out on a longer horizon with a 112.21% YTD return and 288.70% 1-Year return. On the weaker end, the Leverage | Inverse – Fixed Income category posted a modest 0.61% WTD gain, trailing all other segments this week. Among individual funds, the 21Shares 2x Long HYPE ETF (TXXH) topped performance with a 27.15% weekly gain, while the MicroSectors U.S. Big Banks 3 Leveraged ETN (BNKU) was the weakest performer at -14.94%. The dispersion between top and bottom performers underscores the volatility inherent to this channel’s leveraged and inverse exposures.
Top & Bottom 5 ETFs by Weekly Performance
The week’s standout performers were concentrated in crypto-linked leveraged products, with the Volatility Shares 2x Sui ETF (SUIL) gaining 25.79% and the 2x Solana ETF (SOLT) up 23.55%, alongside the ProShares Ultra Solana ETF (SLON) at 23.02%. On the downside, the Direxion Daily MSCI South Korea Bull 3X ETF (KORU) fell 13.13% and inverse bitcoin products such as the ProShares UltraShort Bitcoin ETF (SBIT) declined 11.02%, reflecting the sharp upside move in crypto assets working against short exposures. This bifurcation highlights how directional crypto strength this week rewarded long-leveraged crypto funds while penalizing their inverse counterparts.
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top Performers | ||
| TXXH | 21Shares 2x Long HYPE ETF | 27.15% |
| SUIL | Volatility Shares 2x Sui ETF | 25.79% |
| SOLT | 2x Solana ETF | 23.55% |
| SLON | ProShares Ultra Solana ETF | 23.02% |
| TXXS | 21Shares 2x Long Sui ETF | 20.98% |
| Bottom Performers | ||
| BNKU | MicroSectors U.S. Big Banks 3 Leveraged ETN | -14.94% |
| KORU | Direxion Daily MSCI South Korea Bull 3X ETF | -13.13% |
| CARU | MAX Auto Industry 3X Leveraged ETN | -12.37% |
| SBIT | ProShares UltraShort Bitcoin ETF | -11.02% |
| BTCZ | T-Rex 2X Inverse Bitcoin Daily Target ETF | -11.00% |
Analyzing the Weekly Flows
The channel gathered $1,219M in net inflows over the trailing 5-day period, led by the Leverage | Inverse – Equity category, which pulled in $849M and holds $133.09B in AUM. The Leverage | Inverse – Single Stock category added a further $386M over the week, continuing its strong YTD inflow trend of $10,161M. In contrast, the Leverage | Inverse – Commodity category saw the only net outflow among categories, shedding $63M over the week despite a positive YTD flow of $6,282M. This divergence suggests investors rotated capital toward equity and single-stock leveraged exposures while trimming commodity-linked positions.
Category Flows Summary
| Category | Fund Count | AUM | 5 Day | 30 Day | 90 Day | YTD | 1 Year |
|---|---|---|---|---|---|---|---|
| Leverage | Inverse – Equity | 238 | $133.09B | $849M | $2,346M | $10,530M | -$8,970M | -$13,929M |
| Leverage | Inverse – Single Stock | 489 | $34.38B | $386M | -$810M | $63M | $10,161M | $16,899M |
| Leverage | Inverse – Crypto | 28 | $3.92B | $27M | $29M | $67M | $1,382M | $4,045M |
| Leverage | Inverse – Fixed Income | 19 | $3.09B | $21M | $48M | $82M | -$1,177M | -$1,834M |
| Leverage | Inverse – Commodity | 22 | $4.81B | -$63M | $478M | $412M | $6,282M | $6,972M |
Top & Bottom 5 ETFs by 5-Day Flow
At the fund level, the Direxion Daily Semiconductor Bull 3X ETF (SOXL) led all inflows with $523M, followed by its bearish counterpart, the Direxion Daily Semiconductor Bear 3X ETF (SOXS), which gathered $177M, indicating active two-way positioning around semiconductor volatility. On the outflow side, the GraniteShares 2x Long AMD Daily ETF (AMDL) led redemptions at -$76M, while the ProShares Ultra S&P 500 (SSO) shed $59M. These flows suggest investors were actively repositioning around semiconductor and broad equity leverage exposures during the week.
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| Inflows | ||
| SOXL | Direxion Daily Semiconductor Bull 3X ETF | $523M |
| SOXS | Direxion Daily Semiconductor Bear 3X ETF | $177M |
| TSLL | Direxion Daily TSLA Bull 2X ETF | $156M |
| SNXX | Tradr 2X Long SNDK Daily ETF | $153M |
| UPRO | ProShares UltraPro S&P500 | $93M |
| Outflows | ||
| AMDL | GraniteShares 2x Long AMD Daily ETF | -$76M |
| SSO | ProShares Ultra S&P 500 | -$59M |
| KORU | Direxion Daily MSCI South Korea Bull 3X ETF | -$53M |
| BOIL | ProShares Ultra Bloomberg Natural Gas | -$50M |
| AGQ | ProShares Ultra Silver | -$45M |
Note: the following fund(s) were excluded from the flow totals above because the weekly flow exceeds 75% of the fund’s AUM and may be the result of a custom rebalance: SNDQ (-$104M).
Issuer League Table Update
ProShares remains the largest issuer in the channel with $81.60B in AUM and a 45.49% market share, followed by Direxion at $62.76B and a 34.98% share. Direxion also led weekly inflows with $775M, well ahead of Tradr’s $278M and ProShares’ $168M, signaling strong demand for its equity and semiconductor-focused leveraged products. On the outflow side, GraniteShares experienced the largest weekly redemptions at -$136M, followed by Roundhill at -$37M. The combination of Direxion’s inflow leadership and GraniteShares’ outflows highlights a shift in investor preference toward established broad-market leveraged strategies this week.
Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| ProShares | 113 | $81.60B | 45.49% |
| Direxion | 125 | $62.76B | 34.98% |
| GraniteShares | 44 | $9.10B | 5.07% |
| REX Microsectors | 35 | $8.80B | 4.91% |
| Tradr | 83 | $4.99B | 2.78% |
Top & Bottom 3 Issuers by 5-Day Flow
| Brand | 5-Day Flow |
|---|---|
| Inflows | |
| Direxion | $775M |
| Tradr | $278M |
| ProShares | $168M |
| Outflows | |
| GraniteShares | -$136M |
| Roundhill | -$37M |
| Defiance | -$26M |
For a deeper dive into these trends, access our FREE, in-depth Leverage & Inverse ETF reports in the right side panel of this page.
Disclosures
This material is for informational purposes only and should not be considered investment advice. All investments, including ETFs, involve risk, including the possible loss of principal. Investors should consider their investment objectives, risks, charges, and expenses carefully before investing.
This analysis was developed by the team at ETF Action. We leverage advanced AI tools to assist in the drafting and refinement of our content, based on our expert prompts, direction, and final review.
