Core Insights - The article highlights the top-performing leveraged and inverse ETFs for the past week, emphasizing the volatility associated with these funds due to their leverage [1]. Performance Summary - **ProShares UltraShort Bitcoin ETF (SBIT)**: Achieved a weekly return of 19.93%, driven by a decline in Bitcoin's price amid fears of a tech bubble and reduced expectations for a US rate cut [2]. - **ProShares UltraShort Ether ETF (ETHD)**: Recorded a 19.41% weekly gain, influenced by similar market conditions affecting Ethereum, including a drop in price due to interest rate cut expectations [3]. - **Direxion Daily Pharmaceutical & Medical Bull 3X Shares (PILL)**: Returned 15.80%, boosted by news of a proposed US government rule change expanding healthcare coverage for weight-loss drugs [3]. - **MicroSectors Gold Miners 3X Leveraged ETN (GDXU)**: Gained 14.30% as gold prices rebounded, supported by soft US employment figures and speculation about a Federal Reserve interest rate cut [4]. - **Direxion Daily S&P Biotech Bull 3x Shares (LABU)**: Increased by 13.70%, driven by strong revenue reports from companies like Nutex Health and positive trends in the biotech sector [5]. - **MicroSectors U.S. Big Oil 3X Leveraged ETN (NRGU)**: Achieved a return of 11.90%, influenced by sanctions on Russian oil and updates regarding the Fed Chair search [6]. - **Direxion Daily Healthcare Bull 3x Shares (CURE)**: Gained approximately 11.70%, reflecting the healthcare sector's overall performance [6]. - **MicroSectors Energy 3X Leveraged ETNs (WTIU)**: Returned 11.39%, with oil prices climbing due to geopolitical factors [6]. - **AXS TSLA Bear Daily ETF (TSLQ)**: Provided inverse exposure with nearly 11% weekly returns, as Tesla's stock faced challenges from CEO compensation concerns and declining sales [7]. - **GraniteShares 2x Long AMD Daily ETF (AMDL)**: Achieved over 10% weekly gains, following AMD's announcement of a $100 billion annual data-center revenue target [7].

Core Viewpoint - The introduction of the Direxion Daily Technology Top 5 Bull 2X ETF (TTXU) and the Direxion Daily Technology Top 5 Bear 2X ETF (TTXD) addresses a long-standing demand for more concentrated ETF options in the technology sector [2][6]. Group 1: ETF Characteristics - TTXU aims for daily investment results of 200% of the performance of the S&P 500 Information Technology (Sector) Top 5 Equal Capped Index, while TTXD seeks 200% of the inverse performance [5]. - These ETFs are part of a new series called "Titans," which aims to provide tactical trading tools that bridge broad market exposure and single-stock concentration [6]. Group 2: Market Dynamics - The concentration of holdings in the tech sector is increasingly important, as the top five stocks in the S&P 500 Technology Sector SPDR (XLK) account for 48% of the ETF, leading to a false sense of security among investors [3][4]. - The diversification within the tech sector may not be effective unless smaller stocks perform well simultaneously with larger stocks [4].