BREAKING: Leveraged ETF assets have now plummeted a massive 45 billion year-to-date to their lowest since April 2024. This is a -36% drop in roughly 3 months. By comparison, during the 2022 bear market, it took ~6 months, or twice as long, for a similar percentage decline. The 3x Leveraged Nasdaq 100 ETF is currently down -59% in just 6 weeks. As the market experienced its sharpest sell-off since the 2020 pandemic, appetite for leverage trading has significantly declined. Risk appetite is rapidly declining.