What is the 3x Ethereum ETF?

Could you please enlighten me on the concept of the 3x Ethereum ETF? I'm curious to understand what it stands for and how it differs from other investment vehicles. Could you also explain how it works, specifically how it achieves the 3x leverage? Additionally, I'm interested in knowing the risks associated with investing in such a product and what kind of investors might find it suitable. Lastly, could you provide any insights on its performance in the past or predictions for its future performance? Thank you for your time and assistance.