STOXX-linked leveraged exchange-traded products (ETPs) were among Leverage Shares’ most traded products in 2025, helping to lift the issuer’s annual trading volume by 53% amid rallying equity markets.
The Leverage Shares 3x Tesla ETP Securities, which tracks the iSTOXX® Leveraged 3X TSLA index, was the company’s top product in 2025 by traded volume, as well as the most popular leveraged ETP on the London Stock Exchange for a third consecutive year. The Leverage Shares 3x NVIDIA ETP, which also tracks a STOXX index, was the company’s second-most popular product last year. Increasing demand for leveraged exposure is also emerging on other European trading venues such as Deutsche Börse Xetra, where Leverage Shares ETPs continue to record strong growth, with trading volumes expanding at high double‑digit rates.
Leverage Shares’ product trading activity rose to USD 21 billion in 2025 from USD 13.7 billion a year earlier, as investors and traders turned to leverage products to gain exposure to rising share prices. US tech-related stocks were particularly in demand, with the STOXX® USA 900 Technology index gaining 25% in dollar terms over the year.
Figure 1: Top 5 Leverage Shares ETPs by 2025 trading volume
“ETPs have become a top choice for active investors, hedge funds and institutional desks seeking an efficient way to pursue leveraged strategies and express high-conviction tactical views,” said Oktay Kavrak, Head of Communications & Strategy at Leverage Shares. “Unlike traditional ETFs, these products often turn over their entire AuM in a matter of days rather than months — a clear sign that they are being used exactly as intended: as precision trading vehicles.”
Figure 2: Most traded leveraged ETPs at London Stock Exchange in 2025
STOXX currently provides indices for more than 60 single-stock short and leveraged ETPs issued by Leverage Shares, tracking inverse (-1x to -2x) and leveraged (2x to 3x) exposure to widely traded stocks and American Depositary Receipts (ADRs). Other underlyings include indices on Apple, Amazon, Alibaba, Alphabet, Airbnb and Microsoft.
Each index is calculated in real time and aims to replicate a leveraged return based on the net-of-tax performance of the underlying stock, adjusted for margin fees, borrowing costs, and interest earned or paid on the index notional. The indices address strong demand in the market for strategies that express high-conviction investment views, enabling investors to do so in a rules-based and transparent manner that enhances robustness and neutrality in the final product.
Leverage Shares ended 2025 with USD 1.37 billion in assets under management, an 11% increase from the previous year.
| Read more: Five myths about leveraged ETPs. |