Tuttle Capital Files for Ten Leveraged Cryptocurrency ETFs

Tuttle Capital Management has submitted an application to the U.S. Securities and Exchange Commission (SEC) for ten leveraged cryptocurrency exchange-traded funds (ETFs).

The proposed ETFs provide 2X long exposure to popular cryptocurrencies like XRP, Cardano, and Solana, as well as unconventional assets, including meme coins Bonk (BONK) and Melania (MELANIA).

This move reflects the growing push for crypto-based ETFs in the regulated investment market as authorities evaluate their feasibility and market impact.

Expanding Crypto Investment Options

The SEC filing details Tuttle Capital’s plans to introduce the following leveraged ETFs:

1. Tuttle Capital 2X Long XRP Daily Target ETF
2. Tuttle Capital 2X Long Solana Daily Target ETF
3. Tuttle Capital 2X Long Litecoin Daily Target ETF
4. Tuttle Capital 2X Long Cardano Daily Target ETF
5. Tuttle Capital 2X Long Chainlink Daily Target ETF
6. Tuttle Capital 2X Long Polkadot Daily Target ETF
7. Tuttle Capital 2X Long Bonk Daily Target ETF
8. Tuttle Capital 2X Long BNP Daily Target ETF
9. Tuttle Capital 2X Long Trump Daily Target ETF
10. Tuttle Capital 2X Long Melania Daily Target ETF

While ETFs focused on established cryptocurrencies like XRP and Solana were anticipated, the inclusion of meme-based coins such as Trump and Melania has raised eyebrows. Analysts see this as an attempt to diversify offerings and tap into niche segments of the crypto market.

Regulatory Considerations

Tuttle Capital’s filing comes amid an uncertain regulatory climate for cryptocurrency ETFs. Experts believe this move is designed to test the SEC’s stance on approving both mainstream and unconventional digital asset products.

James Seyffart, an ETF analyst, views this as part of a broader industry trend where firms seek to gauge the SEC’s boundaries in allowing crypto ETFs. Recent applications, including Rex-Osprey’s Dogecoin ETF and Canary Capital’s Hedera-backed ETF, highlight the increasing demand for structured crypto investment products.

The SEC, particularly under the oversight of Commissioner Hester Peirce’s crypto task force, will carefully evaluate these proposals.

Market Implications

While ETFs tied to major cryptocurrencies like Solana, XRP, and Litecoin have a higher likelihood of approval, the fate of meme-based ETFs remains uncertain due to regulatory hesitations about volatile assets. Despite this, the application underscores the growing appetite for crypto-linked financial products among investors.

Conclusion

Tuttle Capital’s ETF filing represents another step toward integrating cryptocurrencies into regulated financial markets. By blending established digital assets with speculative tokens, the application challenges regulatory boundaries and could set important precedents for future filings.

The SEC’s decision will play a critical role in shaping the landscape of cryptocurrency investment products, potentially paving the way for broader adoption in the United States.