According to CoinMeta, and as reported by Bloomberg, investment banks transfer the risk of leverage ETF through 'crash options.' Leverage ETF offers the enticing prospect of doubling or tripling the daily returns of individual stocks, but it comes with extremely high risks for investors. As a result, in a special corner of the derivatives market, there has been a quiet surge in activity among investment banks, hedge funds, and other institutional investors. The products they trade are commonly known as 'crash options,' and are sometimes also referred to as cliquets or stabilizing notes.