According to Eric Balchunas on Twitter, QBTX (2x D-Wave Computing ETF) is currently the most volatile ETF globally, exhibiting over three times the volatility of MSTX and 21 times that of the S&P 500 (SPX). Notably, QBTX is the only ETF recorded to have returned over 100% in a single day. The ETF also enjoys significant trading volumes, often exceeding $100 million, making it a trader favorite. Related leveraged ETFs, including IONL, IONX, and RGTX, are also highly sought after by active traders. This surge in volatility and trading interest in QBTX and similar products highlights growing risk appetite, which could spill over into the cryptocurrency markets as traders seek high-beta vehicles for speculation and hedging, especially as correlations between tech-driven ETFs and crypto assets continue to rise. (Source: Eric Balchunas, Twitter, May 30, 2025)