Who buys inverse ETFs?

Could you elaborate on the demographic or investor profile that typically purchases inverse ETFs? Are they primarily individual traders seeking to hedge against market downturns, or do institutional investors also play a significant role? Additionally, what motivates someone to invest in these types of funds, given their unique nature of performing inversely to the underlying index or asset? Lastly, are there any specific strategies or considerations that potential investors should be aware of before diving into the world of inverse ETFs?