SEC issues fresh warning letters to ETF issuers

Just a day ago, the crypto community was celebrating the turnaround of long-time crypto critic Vanguard Group when they announced they would now allow ETFs and mutual funds that hold crypto. Today, a fresh warning from the SEC has reversed the optimistic sentiment. The U.S. Securities and Exchange Commission (SEC) has issued warning letters to several exchange-traded fund providers, freezing applications for leveraged crypto ETFs offering more than 200% exposure to their underlying assets. Nine ETF prov ...