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Jun Kato Comment On Regulatory Notice 22-08

I strongly oppose SEC Proposed Rule #S7-24-15, which is to unreasonably restrict my right and benefit to make the best of cryptocurrency ETFs as one of core segments of my ETF portofolio. With the recent growing liquidity for cryptocurrency, I cannot sense any peculiar risk characteristics in cryptocurrency ETFs, compared to more commodity ETFs or FX ETFs. Also, with the recent jump in inflation all over the world, demand for more variety of risk hedging tool in ETF portfolio is sky rocketing.

Sergio Prusky Comment On Regulatory Notice 22-08

Leveraged ETFs are not always more risky or complex than an individual company stock. Some companies have very complex operations or products that are harder to understand than a 2x ETF. The risk of a single company going to zero value is probably larger than the risk of an 2x stock index going to zero. The use of a leveraged ETF could be related to a need for liquidity, or be tax related.