Yes they do. Leveraged ETFs are not a good deal for the average person but, hey, people can do what they want.

With how the government and Wall Street are going, I wonder if crypto as a decentralized asset will ever be realized.

People have to want it. So many are just looking for price go up, they want anything to happen that pumps their bags.

If that remains the case, then I would say things lean towards more centralization.