Tuttle Capital Management has filed 10 applications with the US Securities and Exchange Commission to launch cryptocurrency funds with leverage based on XRP , Solana , Litecoin , Cardano , chainlink , Polkdaot, BNP, Bonk, TRUMP and MELANIA.
Bloomberg analyst James Seyffarth said bids for exchange-traded funds based on chainlink , Cardano , Polkadot , BNP and MELANIA submitted for the first time.
"To be clear, the issuer is testing the boundaries of what the SEC will approve in this case. I expect the new cryptocurrency task force (led by Hester Peirce) will likely be a key factor in determining what will and will not be allowed," Seyffarth wrote on social media.
Bloomberg stock analyst Eric Balchunas noted that these ETFs could theoretically begin trading by April.
It will be interesting to see where the SEC draws the line (if at all) and why. Let me remind you that it has been a week since the Doge/Trump filing and it has not been withdrawn. That is something, Balchunas said.
Last fall, Tuttle Capital launched its first ETF with leverage to track MicroStrategy, the largest corporate holder of Bitcoin.
