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Debashree Patra
Debashree Patra
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- Jan 28, 2025 05:12 UTC
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Tuttle Capital Files for 10 New Crypto ETFs, Including TRUMP & BONK
Tuttle Capital files for 10 leveraged crypto ETFs, introducing Solana, XRP, and memecoins like TRUMP and BONK to mainstream markets.
The SEC's new crypto task force will review the filings, and approval is uncertain due to regulatory challenges.
This filing adds to the growing number of crypto ETF applications, indicating a strong interest from asset managers.
The world of crypto investments is buzzing with excitement as Tuttle Capital takes a bold step by filing to launch 10 leveraged crypto ETFs. This move promises to shake up the market, offering traders the chance to amplify their exposure to major cryptocurrencies like Solana, XRP, and Litecoin.
But there’s more—lesser-known assets like Cardano, Polkadot, and even meme coins such as TRUMP and BONK are making their ETF debut.
With the SEC’s new crypto task force in action, all eyes are on whether these filings survive or get shut down. Let’s see what it means for you.
The ETFs to Watch
Tuttle Capital Management has submitted filings with the U.S. SEC for 10 new leveraged crypto ETFs. Among the highlights are the 2X Long XRP Daily Target ETF, 2X Long Solana Daily Target ETF, and 2X Long Litecoin Daily Target ETF. These ETFs are designed to double the daily performance of their underlying assets, offering investors an opportunity to amplify their exposure, but also with higher risk.
This filing is especially important for cryptocurrencies like Cardano and Polkadot, which are set to receive their first-ever ETF products. Additionally, memecoins such as TRUMP, BONK, and MELANIA are now entering the ETF space, challenging the traditional norms of crypto ETFs.
While Dogecoin has seen ETF filings before, these new additions signal a growing interest in integrating even the most volatile assets into mainstream financial products.
Regulatory Hurdles: What’s the SEC’s Position?
Although investors are excited, there are significant regulatory challenges. Crypto ETFs have faced heavy scrutiny from the SEC, with many applications being delayed or denied due to concerns over market volatility and investor protection.
ETF expert James Seyffart pointed out that Tuttle Capital’s filings could test the SEC’s stance on crypto ETFs.
The newly established SEC crypto task force, led by Commissioner Hester Peirce, will likely play a major role in deciding the fate of these filings. Acting Chairman Mark Uyeda has already launched the Crypto Task Force to address the growing complexities of the crypto market, aiming to set clear guidelines for both investors and industry professionals.
Which Cryptos Stand the Best Chance of ETF Approval?
Despite the regulatory obstacles, analysts believe that Solana, XRP, and Litecoin have the strongest chance of getting approval. These cryptocurrencies have established market presence, greater decentralization, and relatively stable adoption rates.
For example, the Litecoin ETF proposed by Canary Capital has already progressed in the SEC filing process, signaling that more established assets may find less resistance in the ETF market.
A Growing Trend in Crypto Investments
Tuttle Capital’s bold move comes amid a surge in crypto ETF filings. Grayscale and CoinShares recently applied for Litecoin ETFs, while Canary Capital proposed an ETF for Hedera. The competition is heating up as asset managers explore new ways to bring crypto to traditional markets.
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The race to bring crypto to Wall Street is heating up. We’re excited to see what is next.
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