Dom Chu is [music] out at the conference and Hester Pierce is with him now. She's commissioner at the SEC. Dom, welcome.>> Thank you so much, Kelly. And thank you SEC Commissioner Hester Pur for taking the time to join with us right now on the exchange. >> Um, Kelly mentioned it.The SEC in this iteration is very focused on some of the emerging products that are out there, not just in the markets overall, but that how they're being wrapped, so to speak, into exchangeraded products. I wonder if you might be a ...

South Korean retail investors are among the biggest drivers of trading in US-listed leveraged funds globally, often piling into strategies that promise outsize returns https://t.co/6wapA0eyRR ...

Group 1 - The ETF market has seen significant growth, with over $1.4 trillion flowing into ETFs last year, leading to the introduction of innovative products, including those that utilize leverage and seek high yields [2] - Tuttle Capital Management proposed a unique ETF, the Government Grift ETF (GRFT), which aims to invest in companies benefiting from political influence, but it has faced challenges in getting listed on major exchanges [2][3] - Major US exchanges, including NYSE and Nasdaq, have declined to list GRFT, despite a generally permissive regulatory environment for ETFs, particularly for leveraged and crypto-linked funds [3][4] Group 2 - Tuttle Capital's GRFT is not the only ETF focused on congressional trading; Tidal Financial manages two ETFs that track securities bought by Democratic and Republican members of Congress [5] - Tidal Financial's ETFs aim to reveal investment patterns among lawmakers, highlighting a discrepancy between their investments in large-cap stocks and the small businesses of their constituents [6]

Core Viewpoint - JPMorgan Chase has filed for a leveraged product that allows investors to speculate on Bitcoin's future price, potentially offering "uncapped" returns if Bitcoin's price rebounds by 2028 after a decline [1][3]. Group 1: Product Details - The proposed product is a structured note linked to BlackRock's iShares Bitcoin Trust ETF, allowing significant investment in Bitcoin [1]. - If the Bitcoin ETF price is at or above a specified level by December 21, 2026, JPMorgan will call the notes, providing a minimum payment of $160 per $1,000 note [2]. - If the ETF price is below the set level, the notes will remain active until 2028, allowing for potential 1.5x returns on Bitcoin's gains by that year [3]. Group 2: Risks and Volatility - Investors face substantial risks, as a significant drop in Bitcoin's price (40% or more) could lead to considerable losses on their initial investment [4]. - The filing highlights Bitcoin's historical price volatility compared to traditional assets, indicating that this volatility may persist and affect the fund's performance [4]. Group 3: Market Context - BlackRock's iShares Bitcoin Trust is the most popular Bitcoin ETF, currently managing $69 billion in assets, and JPMorgan's product adds to the growing list of leveraged funds linked to digital assets [5]. - The market has seen an increase in ETFs that utilize debt to amplify returns, which can lead to both greater gains and compounded losses for investors [6].

ETF manager Volatility Shares has applied with the SEC to bring 5x leveraged Bitcoin, Ethereum, XRP, Solana, and other funds to the market. https://t.co/YRxyBbOLKD ...