The proposed additional regulations of BITO are ridiculous. They are vague and unworkable. Under FINRA there are plenty of protections. If you kill it there are plenty of other ways to trade Bitcoin though less protected and more dangerous.
Hello, I have been an investor in 3x leveraged funds for 15+ years. They are an important part of my investment portfolio. Please do not limit my access to these important investments. Thanks for listening.
I am strongly opposed to limiting the ability of investors to buy leveraged index funds. I and my children have found long term investment in TQQQ and UPRO to have increased our retirement savings and college tuition savings considerably, thereby eliminating our need to go into debt.
Limiting these opportunities to only high net worth investors only furthers wealth inequality - helping the rich
I am a small invest. I would like to trade like you the big traders. So please try your hardest to think about us small traders before you change regulations. Thanks Maria
Investors in todays world are much more aware of risks of investing than ever before in the past. Their risk appetite is not a simple measure of what instruments they could invest in as even equities, margin, options, etc allow them to take infinite risk. These regulations seem completely arbitrary and are not in touch with reality. A better and more productive step would be to provide better
It is discriminatory to allow certain individuals to invest in some security classes while restricting others. Individual investors should have the freedom to do as they deem appropriate for their own risk tolerances. Leveraged and inverse funds allow all investors to have a diversified risk profile which is important regardless of total net worth.
I would like to maintain my ability to invest in cryptocurrency. Please don't take that away!
TQQQ and similar products are more beneficial me, thus I preferer to be educated and encouraged instead of forcing restriction.
The proposed regulation is a blatant violation of free market principles, i.e. it seeks to coerce conditions on transactions. It also is an egregious violation of the Equal Protection Clause.
I strongly oppose any restrictions to invest in leveraged and inverse securities. This is a fundamental right for any investor. Why would this suddenly become an issue? If I am willing to take the risks for these type of investments why would regulators oppose this?
