The U.S. Securities and Exchange Commission (SEC) issued warning letters to nine ETF providers, demanding they address the risks associated with thei

 according to Reuters, the U.S. Securities and Exchange Commission (SEC) has issued warning letters to nine ETF providers including Direxion, ProShares, and GraniteShares, requesting a full response to risk issues regarding ETFs proposed to offer more than 2x leveraged exposure (including some crypto products). "We are writing to express concerns about registered exchange-traded funds that aim to provide more than 2x leveraged exposure to underlying indices or securities."