According to @EricBalchunas, issuers are rapidly launching many 3x leveraged ETFs because some new funds generate strong revenue quickly, exemplified by the 2x BMNR ETF posting about $400 million in trading volume on its eighth day, placing it in the top 2% of all ETFs. Source: @EricBalchunas. According to @EricBalchunas, the 2x BMNR ETF has already gathered roughly $270 million in assets and charges a 1.5% fee. Source: @EricBalchunas. According to @EricBalchunas, this reflects buyers who are hungry and fee insensitive, creating a powerful profit dynamic for issuers. Source: @EricBalchunas. According to @EricBalchunas, based on the reported $270 million AUM and 1.5% fee, implied annualized fee revenue would be approximately $4.05 million, underscoring why leveraged ETF launches are accelerating. Source: @EricBalchunas.