What is the risk of buying inverse ETF?

Excuse me, could you please elaborate on the potential risks associated with investing in inverse ETFs? I understand that these financial instruments are designed to perform inversely to a particular market index or benchmark, but I'm curious about the specific hazards that investors might encounter when purchasing them. Are there any market conditions or external factors that could significantly impact their performance? And how do these risks compare to those of traditional ETFs or other investment options? Thank you for your insights.