Billions Flow into High-Risk Gambling Markets
As traditional stock and corporate credit markets cool, speculative trading in leveraged exchange-traded funds (ETFs) and cryptocurrencies is surging, driven by a booming economy and post-Trump election optimism. This week, leveraged ETFs, particularly those linked to MicroStrategy and Bitcoin, saw record trading volumes, with MicroStrategy's stock surging 24% amid a $420 million inflow into related funds. Market experts warn that this rampant speculation mirrors the 2000 market peak, raising concerns about sustainability.
