ETF IQ

Leveraged ETF Fees Triple Since 2020 as Traders Embrace High-Risk Funds

Leverage sells

Tesla Inc. and Nvidia Corp. signage on an options contract ticker on the floor of American Stock Exchange (AMEX) at the New York Stock Exchange (NYSE) in New York, US, on Thursday, July 10, 2025.Photographer: Michael Nagle/Bloomberg

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By Isabelle Lee

February 27, 2026 at 5:38 PM UTC

This article is for subscribers only.

Welcome to ETF IQ, a weekly newsletter dedicated to the $20 trillion global ETF industry. I’m Bloomberg News reporter Isabelle Lee, filling in for Katie Greifeld.

I feel like I’ve been writing some version of this story for years now — and yet here we are again.