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Daniel Gunther Comment On Regulatory Notice 22-08

It is a violation of privacy for the feds to interfere or restrict an individuals legal financial transactions. People not regulators should be able to choose the public investments that are right for citizens and their family. Public investments should be available to all of the citizens, not just the privileged. The people are capable of understanding cryptocurrency funds such as BITO and their risks as well as the importance to investment strategies.

Jian Zhao Comment On Regulatory Notice 22-08

Dear Sir or Madam,

Please let us, the investors, to be able to choose the investments that are right for me and my family. Public investments should be available to all of the public, not just the privileged.

Leveraged and inverse funds are important tools for my investment strategies. Please let pubic continue to be able to invest on these funds.

Thank you for your consideration!

Best regards,

-Jian

Lux Joshi Comment On Regulatory Notice 22-08

I am an active individual investor who uses leveraged and inverse ETFs as a component of a diversified portfolio, and I vehemently oppose restrictions or other qualification requirements for individual investors trading in publicly traded inverse and leveraged ETFs. I am fully capable of reading the prospectuses and evaluating the risks on my own as well as determining the strategy to implement to target the returns I seek.

Mohammad Kamal Comment On Regulatory Notice 22-08

Dear FINRA, Both leveraged & inverse ETFs are an important part of my hedging strategy as a retail investor & trader. I do understand your concern for protecting an average investor. But the issuers adequately explain their unusual risk characteristic & I have been able to successfully build my portfolio with these ETFs included. I specifically use a forward & an inverse ETF pair on the same underlying index to minimize risk in my covered options trade. I would not want to have any restriction imposed on their use! Thank you for understanding.