List of Flash News about 200% VaR cap
| Time | Details |
|---|---|
| 06:05 |
SEC Halts 3x–5x Leveraged Crypto ETF Applications: Warning Letters to Direxion, ProShares, and Tidal Cite 1940 Act 200% VaR Cap
According to @CoinMarketCap, the SEC has sent warning letters to Direxion, ProShares, and Tidal, halting their applications for 3x–5x leveraged crypto ETFs. According to @CoinMarketCap, the letters cite the Investment Company Act of 1940, which caps fund exposure at 200% of value-at-risk, effectively blocking high-leverage ETF listings for now. |