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.

According to Eric Balchunas, ETF issuers specializing in high-risk investments, such as ARK, ProShares, and Direxion, were hit the hardest asset-wise by the market drop this year. In contrast, those focusing on buffer/cash strategies held up best, as reported by @psarofagis.

According to Eric Balchunas, ProShares is withdrawing their physical uranium ETF application. This move may impact traders interested in uranium commodities, as the physical ETF would have provided a direct investment avenue. Decisions such as this can influence market dynamics, particularly for those focusing on commodity ETFs.