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[U.S. SEC Issues Warning Letters to Nine ETF Providers Requesting Responses on High Leverage Risks] The U.S. Securities and Exchange Commission (SEC) has issued warning letters to nine ETF providers, including Direxion, ProShares, and GraniteShares, requesting comprehensive responses regarding risk issues for ETFs proposed to offer leverage exposure exceeding 2x (including some crypto products). The SEC expressed concerns about funds aiming to provide leverage exposure exceeding 2x for target indices or securities.