Trading activity in leveraged exchange-traded funds (ETFs) has surged to unprecedented levels, with the volume of leveraged ETFs on U.S. single stocks reaching $84 billion last week, marking the highest on record. This figure has doubled in just a few weeks, reflecting a significant increase in trading speculation. Additionally, the assets under management of the three-times leveraged S&P 500 ETF have surpassed $5.8 billion, also a new all-time high, having doubled over the past year. The volatility associated with such leveraged trading is notable, as a 10% drop in stocks could result in losses exceeding 30%. Meanwhile, VolatilityShares is launching a new line of ETFs under the 'One+One' banner, designed to provide 100% notional exposure to two different assets simultaneously, such as a combination of Nasdaq and Bitcoin. Demand for leveraged exposure to Ethereum has also seen a dramatic rise, with the VolatilityShares 2x leveraged long ETH ETF increasing its ETH equivalent exposure by 278,150 ETH, or 160%, since November 5, and now holding over half of the CME's ETH open interest at 50.1%.