Turn your Instant Pot on and select the "Sauté" mode. Add the ghee/coconut oil to the pot, and once melted, add the onion and bell pepper and sauté until slightly softened, about 3-4 minutes. Add the ground beef and sauté until cooked through. Drain any fat/liquid from the pot.
Add the chili powder, cumin, sea salt, black pepper, paprika, garlic powder, onion powder and cayenne to the pot. Stir well to combine. Next add the chiles, tomatoes and beef broth and stir once more. Seal the Instant Pot lid and set it to "Soup" mode. Press the "-" (minus) button to reduce the cooking time to 20 minutes.
When the soup is finished cooking, manually release the pressure from your Instant Pot. Serve with any or all of the toppings listed above! Enjoy!