Leveraged Exchange-Traded Funds (LETFs) are financial instruments designed to amplify the daily returns of an underlying index or asset, often using derivatives and debt. Typically, LETFs aim to achieve a multiple (e.g., 2x or 3x) of the daily performance of the tracked benchmark, both on the upside and downside. LETFs are commonly used for speculative purposes,
another great read with reference(s)...