Tuttle Capital Proposes 10 Leveraged Crypto ETFs
Tuttle Capital Management has submitted files to 10 different leverage crypto -encrypted asset exchange trading funds (ETFs). This marks the first application of the American ETP, including asset tracking Chain (Link), Cardano (Ada), Polkadot (DOT), Benepit Protocol (BNP) and Melania Meme (Mlania).
Analysts regard these files as an example of the scope of the scope allowed by the issuer to test the SEC in the encrypted ETF space.
SEC face FIRST Link, ADA and Meme Coin ETF files
On Monday, Tartel Capital Management was officially managed Lift For 10 leverage ETFs. Bloomberg Analyst James Seyffart postal On X (previously Twitter).
According to seyffart, the files include a few Products and assets focusing on coins Have not yet become Any ETP product in the United StatesEssence
Seyffart wrote: “This is the first content of the United States ETP to submit any follow -up Chainlink, Cardano, POLKADOT, BNP and … Melania …”. “
Lexe ETF is an investment fund It aims to provide an enlarged return on the daily performance of the asset or asset basket according to the basic index. It provides financial derivatives and debts twice, 3 times or even higher.
It is worth noting that these documents follow the major changes in the supervision environment. Donald Trump returned to the second term of office, and the former chairman of the US Securities and Exchange Commission Gary Gensler left, The number of ETF files has increased significantlyEssence
“It is very clear here. This is a situation where the issuer tests this SEC. I hope that the new encrypted special forces (led by @Hesterpeirce) may be Lynchpin that determines what allows allows, not what is not allowed. “Seyffart explained.
Bloomberg’s senior ETF analyst Eric Balchunas also emphasized that the document was proposed based on the 40s Act. Therefore, theoretically, this can allow ETF to start trading before April, unless SEC clearly opposesEssence
“See where the SEC draws a line (if so) and the reason will be interesting.” Balchunas CommentEssence
Analysts continue Point out The abnormal trend of filing, such as 2 times proposal Standard 1 times before the melanin ETF. According to Balchunas, there are similar products in Europe. However, it is brand new to introduce 2 times Trump and Melania ETF.
Moreover Rex shared the recent application for several cause coins ETF. The filing includes products that follow Trump, Bonk, Docke, Bitcoin and Ethereum.
“What I want to say is that it has been a week since Doge/Trump’s application, and it has not been withdrawn. That is one thing,” Balchunas pointed out.
Although the document shows that the optimism of the agency has increased, their approval is still uncertain. The next step of the SEC (whether it is approved or refused) will set a precedent for future ETFs.
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