I find it amazing that they are now offering an ETF with 3X LEVERAGE These funds are not trading yet but will be soon. So now the trader with at least 25K in his account can get 12:1 intraday leverage on the markets (4:1 daytrade buying power times 3x funds) It seems like a dangerous recipe for the average trader. How do these products get approved? Didn’t the leverage problems of all the failed financial institutions raise any red flags during the review process? Greed continues to spur “innovation” with more and more derivative products. It will be interesting to see if these products find the same type of liquidity as the very successful 2x Funds such as; QLD, QID, SDS, SSO, etc.