Subject: File No. S7-24-15
From: Bruce Galbraith

February 21, 2020

These leveraged and inverse etfs serve a legitimate purpose. I personally manage risk and hedge my exposure in various asset classes through these etfs, which are much simpler to transact in than options, futures, or various other alternatives. Also, risks are fully disclosed in the prospectus and investors should read before they simply decide to place money in a product that they don't understand.