The SEC Would Like You To Stop Filing For 5x Leveraged ETFs

5x Leveraged ETFs Meet Resistance at the SEC
A screen showing the price of Dogecoin against the US dollar including Ether and Dogecoin displayed at a Crypto Panda cryptocurrency store in Hong Kong.Photographer: Lam Yik/Bloomberg
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Welcome to ETF IQ, a weekly newsletter dedicated to the $19 trillion global ETF industry. I’m Bloomberg News reporter and anchor Katie Greifeld.

US regulators wrangled a group of intrepid ETF issuers onto the phone this week to deliver a pretty straightforward message: don’t launch your hyper-leveraged funds.