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Kunal Goel Comment On Regulatory Notice 22-08

1. I not regulators should be able to choose the public
investments that are right for you and your family.
Public investments should be available to all of the public,
not just the privileged.
2. I shouldn't have to go through any special process like passing a test before you can invest in public securities,
including cryptocurrency funds such as BITO. Explain that
you are capable of understanding cryptocurrency funds such
as BITO and their risks. Tell regulators you do not need

Stephen Lihn Comment On Regulatory Notice 22-08

Comments: I am a quant oriented investor. I have been using index based, 2x and 3x, long leveraged ETFs in my retirement account. I think these types of leverage isn't as complex, and should be allowed to trade. Simply put, they are really a form of expressing Kelly Criterion on an index in which it's long term performance and volatility is well understood by quantitative oriented investors. However, I only advocate trading of this particular group. There are other more sophisticated products that might have flaws that can be wiped out completely.