When my editor alerted me to the news that the SEC recently blocked a set of new, leveraged technology and cryptocurrency ETFs, my first reaction was “I guess we finally know where the line in the sand is.” Don’t mistake my views here. I am a big fan of 3x leveraged ETFs, and leveraged ETFs in general. I’ve been using them since they debuted. And sort of like other potentially dangerous habits such as alcohol, smoking, firearms, and being a fan of the New York Jets or Washington Commanders, warning labels ...

The U.S. Securities and Exchange Commission has stepped in to stop the launch of some of the most aggressive exchange-traded funds ever proposed in the country. The products were designed to deliver three to five times the daily performance of stocks and cryptocurrencies, pushing the limits of how much risk regulators are willing to allow. ETF Issuers Pull Filings After SEC Flags Leverage Rule Violations On Tuesday, the agency issued nine warning letters to major ETF providers, including Direxion, ProSh ...