Tuttle Capital seeks approval for 10 leveraged crypto ETFs, featuring TRUMP and MELANIA-themed investment options.
Tuttle Capital, located in Delaware, has filed for leveraged exchange-traded funds based on memecoins. Including the Official Trump and Melania Meme tokens.
Tuttle has filed for eleven 2x leveraged ETFs. Including XRP (xrp7.32%), Solana (sol0.64%), Litecoin (ltc1.64%), Chainlink (link0.29%), and Cardano (ada).Cardano (4%), Polkadot (0.23%), BNP, Bonk (0.3%), and Trump (official)Melania Trump has a 7.68% approval rating, whereas Official Trump has a 0.74% approval rating. Meme tokens.
Unlike typical spot ETFs, which match the underlying asset’s performance one-to-one, leveraged ETFs seek to amplify returns. Potentially doubling the daily performance of the tracked assets while increasing risk exposure.
Tuttle is the first asset manager located in the United States to file for leveraged. ETP tracking tokens such as Chainlink, Cardano, Polkadot, BNP, and Melania Meme.
Bloomberg analyst Eric Balchunas described the registrations as “unusual,” as several of the proposed funds lack typical ETFs. However, he stated that because they are registered under the 40-act framework. They might theoretically begin trading in April unless the SEC disapproves.
Balchunas emphasized that REX Shares’ recent files for TRUMP and Dogecoin ETFs have not been withdrawn. Indicating the SEC’s interest in further researching crypto-focused ETFs.
The US Securities and Exchange Commission. Has undergone significant adjustments in response to President Trump’s commitment to stop animosity against the cryptocurrency sector. Commissioner Hester Peirce, who supports cryptocurrency, has established a task team to simplify laws and remove regulatory uncertainty.
Market analysts believe the new SEC will reshape the regulatory landscape for crypto. ETFs, potentially opening the door to a broader range of digital asset products.
Tuttle’s application, according to Seyffart, was a daring attempt to test. The SEC’s “limits” as part of its unwinding regulatory strategy.
The success of spot Bitcoin and Ethereum ETFs has prompted asset managers to try new products in the ETF market.
On December 20, the SEC granted “accelerated approval” for Hashdex and Franklin Templeton’s. Bitcoin and Ethereum index ETFs to trade. The Cboe BZX Exchange and the Nasdaq stock market.
Bitwise Asset Management has registered a statutory trust for a Dogecoin ETF with Delaware’s. Department of State, marking the first step towards the fund’s prospective debut.
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