Hacker News Reader

It's not the SEC's job to judge the value of the funds traded, but their compliance with SEC regulations. Your argument is like blaming the NYSE for the failure of a public company.

VXX and UVXY buy and hold contracts in a contango futures market. They are always going to decrease over long time periods. That is their design.

People that don't understand VXX talking about VXX is one of the funniest things on the entire Internet. For some good laughs, take a look at the comments section on this post: https://sixfigureinvesting.com/2013/04/how-does-vxx-work/

A choice quote from elsewhere on the Internet: "Write call spreads, collect $$$ when they expire... this worthless stock is a goldmine!"

I have no words.

XIV is the inverse fund, it looks like the real gold mine, rising 9 times in a few years.

Are you seriously comparing the type of fund that VXX and UVXX are to a hypothetical Bitcoin ETF?

> This is the same committee that approved VXX and UVXX

All of the popular volatility ETFs/ETNs are traded according to SEC regulation.

> which have lost 99.999% of their value

Did you read the prospectus? Leverage isn't free. This is by design.