It is a product that tracks the yield rate of underlying assets with 3 times. Using THETA3L as an example, for every 1% THETA goes up in a day, THETA3L goes up 3%; for every 1% THETA goes down, THETA3L goes down 3%.

Leverage ETF is a perpetual product that has no settlement day. Theoretically, its price won''t totally reach zero, so it has no liquidation risks. Traders may buy/sell ETF at the secondary market at any time with no margin.