It's behind a paywall Two new ETFs that offer leveraged or inverse bets on the VIX set to debut, despite criticism that they are too risky Trading in the VIX pit at Cboe Global Markets in Chicago in 2018. Two new ETFs that let investors make leveraged bets on the VIX have been cleared for launch by the SEC. PHOTO: SCOTT OLSON/GETTY IMAGES By and Oct. 10, 2021 8:03 am ET Funds that track stock-market volatility are making a comeback, despite concerns they are too complicated for some investors. Two new exchange-traded funds that let investors make leveraged or inverse bets on a popular barometer of market fluctuations are set to start trading later this fall. Similar products devastated investors in a high-profile blowup less than four years ago.