The ETF industry is experiencing an unprecedented boom. ~900 new ETFs have been launched in the US year-to-date, on track for the strongest year on record. At the current pace, ~1,470 new ETFs are expected to launch in 2026, surpassing the ~1,050 all-time high set in 2025. Meanwhile, leveraged ETFs now account for ~300 of the new launches year-to-date, or ~33% of the total. By comparison, 200 leveraged ETFs were launched in full-year 2025, compared to fewer than 50 in 2024. Overall, more than 50% of all ETFs launched so far in 2026 are using derivatives. Surging investor risk appetite has led to a record number of ETF launches.(The Kobeissi Letter)