First risky futures ETF and now risky leveraged futures ETF, is there a pattern here?

Bitcoin ETF = investor safety

• Bitcoin’s main value proposition is in owning it, controlling it and it’s potential for positive price appreciation in inflationary times.
• You must own it to take advantage of Bitcoins core values, in general.
• A US Bitcoin ETF would allow regular investors a way to indirectly own Bitcoin in regular trading accounts, and more importantly and a much larger market, retirement accounts.
• This is the simplest way to hold Bitcoin, and is much less dangerous for the average investor then Bitcoin self-custody wallets, or holding it on a Centralized cryptocurrency exchange, but not as good as using something like Fidelity Asset Custody Services.
• The SEC has refused to approve one about ten times now.

Bitcoin Futures ETF = investor peril

• A Bitcoin Futures ETF is a derivatives market, where investors don’t own Bitcoin but instead own time limited options to buy or sell Bitcoin, which expire every 30 days. This is account “Churn” at its worse. Churn being the purposeful buying and selling of positions in an account to generate transaction fees for the account manager, resulting in a net loss of capitol and absence of profit for the account owner.
• Asset investing is simple: buy and hold, value goes up.
• Detivative investing is complicated and profit is statistically improbable with the majority of stock derivatives expiring worthless. - A Futures ETF is horrible because the majority of ETF investors lose money.
• It is also horrible because it increases volatility of an already volatile asset.
• It is loved by institutional traders because they have teams of traders who specialize in trading futures.
• The average regular trader doesn’t stand a chance trading against teams of professionals with algorithmic trading software.
• It is an anathema defined here as a horror beyond horrors, that a government entity whose mission statement is to protect the investor has now approved a leveraged version of a Bitcoin Futures ETF.
• A Bitcoin Leveraged Futures ETF will allow investors to take on the very risk that the SEC so despised that it ran Binance and FTX off US soil for proposing such a trading tool be available to American Investors.
• My eyes cannot believe that an organization which is supposed to protect American Bitcoin Investors would approve such a thing.
• It is as if they purposely want retail investors to lose all their capitol and their Bitcoin. And for it to be concentrated into the hands of the Big TradFi institutions who are going pit retail investors against professional futures trader teams.
• Please tell me I am wrong and that my government isn’t doing this. I can barely watch this anymore.

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