Tuttle Capital Files for Ten Leveraged Crypto ETFs in the US
Tuttle Capital Management (TCM) has filed for ten leveraged crypto ETFs in the United States, indicating growing interest from asset managers in cryptocurrencies and memecoins.
Tuttle Capital’s Crypto ETFs To Feature 2x Long Exposure
- ETFs include well-known cryptocurrencies such as XRP, Solana, Litecoin, and Cardano.
- Niche tokens like TRUMP, MELANIA, BONK, Chainlink, and Polkadot are also featured.
- The proposed ETFs offer 2x long exposure to these digital assets.
Bloomberg ETF experts noted this filing is significant as it represents the first US crypto ETFs for certain assets, including Chainlink and Cardano. This could test the boundaries of what the SEC will allow regarding crypto products.
A Key Test For SEC Regulations?
- The new crypto task force led by pro-crypto Commissioner Hester Peirce is expected to influence the regulatory landscape.
- Crypto ETFs fall under the Investment Company Act of 1940; if not disapproved by the SEC, they may be available for trading by April.
- The ongoing Dogecoin and TRUMP crypto ETF applications have not been withdrawn after a week, suggesting a potential shift in regulatory attitudes.
Despite the new filings, Cardano's price fell nearly 5%, trading at $0.92, below the key $1 milestone.