Tuttle Capital Management is testing the waters with a set of ETF filings, proposing the first-ever exchange-traded funds tied to Chainlink ( LINK), Cardano ( ADA ), and Polkadot ( DOT ).
Tuttle Capital Management is testing the waters with a set of ETF filings, proposing the first-ever exchange-traded funds tied to Chainlink ( LINK), Cardano ( ADA ), and Polkadot ( DOT ).
Tuttle Capital Management is testing the waters with a set of ETF filings, proposing the first-ever exchange-traded funds tied to Chainlink ( LINK), Cardano ( ADA ), and Polkadot ( DOT ).
Tuttle Capital Management is testing the waters with a set of ETF filings, proposing the first-ever exchange-traded funds tied to Chainlink ( LINK), Cardano ( ADA ), and Polkadot ( DOT ).
Tuttle Capital Management is testing the waters with a set of filings to the U. S. Securities and Exchange Commission ( SEC ),  , proposing the first-ever exchange-traded funds tied to Chainlink ( LINK), Cardano ( ADA ), and Polkadot ( DOT ).
Among the 10 proposed leveraged ETFs is the first-ever ETF tied to the Melania meme coin ( MELANIA ), along with leveraged products for XRP (XRP ), Bonk ( BONK), BNP, Solana ( SOL), Litecoin ( LTC ), and the meme coin tied to U. S. President Donald Trump ( TRUMP ).
According to Bloomberg Intelligence researcher James Seyffart,” This is a case of manufacturers testing the limits of what this SEC is going to allow.” The new bitcoin work army, led by Hester Peirce, will likely play a key role in determining what will be permitted and what won’t.
The investment expert agency’s filings come as the SEC undergoes a reshuffle, with Mark Uyeda taking the place of Gary Gensler, which is boosting industry hopes for approval from a President Trump management.
The files propose 2x utilized ETFs, which are designed to provide double the daily returns—or losses—of their main assets.
Leveraged ETFs apply fiscal derivatives and borrowing to intensify actions in the price of property, making them high-risk, high-reward purchase products.  ,
The ETFs aim to record 200 % of their research resources ‘ daily efficiency through swaps, contact options, and direct investments, per the registration.
However, the money are not without considerable risk, as noted in the filing. If the underlying stock’s value drops by more than 50 %, investors could lose their full main in a single trading day as a result.
” This is a 1940 Act filing”, Bloomberg top ETF scientist Eric Balchunas explained, referring to the regulatory framework that governs purchase items combining resources and derivatives.  ,
” So in principle, unless the SEC disapproves them, they could be up and trading in April”, Balchunas said on Monday.
Additionally, it is the first ETF filing for the Melania meme coin ( MELANIA ). The exploratory nature of these ideas can be seen by including such a resource.
” A 2x Melanie ETF before a 1x Melania ETF has been filed, that is unusual”, Balchunas noted, pointing to Tuttle’s bold strategy.
Tuttle’s papers join a growing record of crypto ETFs awaiting SEC assessment. Last week, Osprey and REX Shares filed for products tied to Dogecoin ( DOGE ), BONK, XRP, and Solana.  ,
” Will be interesting to see where the SEC draws the line ( if at all ) and why, Balchunas added”. I may say it’s been a week since the Doge/Trump registration, and it hasn’t been withdrawn. That’s everything.”
But, not all products are created equal in the eyes of experts. Despite receiving headlines, image cash like Melania and BONK have a lot of experts ‘ opinions about their potential acceptance.  ,
On the other hand, ETFs tied to more organized property, like Solana, XRP, and Litecoin, are seen as having better chances of passing regulatory attention.
Business monitors suggest more Fund papers had soon follow, expanding the area of crypto-backed financial products.
According to Saravanan Pandian, CEO and Founder of KoinBX,” The filing demonstrates the industry’s unwavering commitment to using innovation and pleasant diverse market demands,” the filing reveals.
” On the other hand, the exact activity leads us to very significant issues in the areas of legislation,” Pandian added”. If these ETFs are approved, they may open the door for fresh industry members, but the SEC needs to make sure hazard reduction and transparency are in position.
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