According to Eric Balchunas, leveraged 2x stock ETFs are considered risky by many, but certain cryptocurrency derivatives and structured products present even higher risk levels for traders. Balchunas highlights a new class of crypto products with leverage far exceeding traditional 2x ETFs, which significantly amplifies both potential gains and losses (source: Eric Balchunas Twitter, June 18, 2025). This difference in risk profile is crucial for traders, as heightened leverage in crypto markets often leads to increased volatility, liquidation risks, and rapid portfolio swings. Active traders should assess their risk tolerance before engaging with these high-leverage crypto instruments, as they can experience more dramatic price movements compared to conventional leveraged stock ETFs, impacting both short-term trading strategies and portfolio management.