Tuttle Capital Management has filed for ten leveraged cryptocurrency exchange-traded funds (ETFs) with the U.S. Securities and Exchange Commission (SEC).
The application includes 2X long exposure to established cryptocurrencies such as XRP, Cardano, and Solana and several unconventional assets like meme coins Bonk (BONK) and Melania (MELANIA).
The filing marks a significant step in expanding crypto-based ETFs as regulatory authorities assess their viability for market approval.
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New ETF Proposals Cover Major and Emerging Cryptocurrencies
According to the SEC filing, Tuttle Capital aims to introduce the following leveraged ETFs:
- Tuttle Capital 2X Long XRP Daily Target ETF
- Tuttle Capital 2X Long Solana Daily Target ETF
- Tuttle Capital 2X Long Litecoin Daily Target ETF
- Tuttle Capital 2X Long Cardano Daily Target ETF
- Tuttle Capital 2X Long Chainlink Daily Target ETF
- Tuttle Capital 2X Long Polkadot Daily Target ETF
- Tuttle Capital 2X Long Bonk Daily Target ETF
- Tuttle Capital 2X Long BNP Daily Target ETF
- Tuttle Capital 2X Long Trump Daily Target ETF
- Tuttle Capital 2X Long Melania Daily Target ETF
The filing signals an attempt to bring more digital assets into the regulated investment market. While ETFs tracking assets such as XRP and Solana have been expected, including meme-based cryptocurrencies like Trump and Melania, it is drawing attention from industry analysts.
Regulatory Challenges and Testing SEC Boundaries
Industry experts have described the filing as an attempt to gauge the SEC’s approach to crypto ETFs under the current regulatory climate. ETF analyst James Seyffart noted that this filing is part of a broader effort by crypto firms to test how far the SEC is willing to go in approving new digital asset products.
The SEC’s crypto task force, led by Commissioner Hester Peirce, is expected to play a key role in evaluating these applications.
Tuttle Capital’s filing follows similar moves by other firms seeking crypto ETF approvals. Rex-Osprey applied for a Dogecoin ETF earlier this month, and Canary Capital submitted a proposal for a Hedera-backed ETF.
The growing interest in leveraged and thematic crypto ETFs reflects increasing demand for structured investment products tied to digital assets.
Prospects for Approval and Market Impact
Market analysts suggest that while major cryptocurrencies like Solana, XRP, and Litecoin have a higher chance of approval, the fate of meme-based ETFs remains uncertain. Historically, regulatory bodies have been cautious in approving products linked to highly volatile assets.
Despite the uncertainty, the filing represents another push toward mainstream adoption of cryptocurrency ETFs. Investors and industry participants will watch closely how the SEC responds to these unconventional ETF applications.
Conclusion
Tuttle Capital’s latest ETF filing marks another chapter in the ongoing evolution of regulated crypto investment products. With a mix of established digital assets and speculative tokens, the application will test the SEC’s regulatory boundaries.
The outcome could set a precedent for future ETF filings, shaping the cryptocurrency investment landscape in the United States.
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