Tuttle Capital Management has filed applications for 10 leveraged crypto asset exchange-traded funds (ETFs) in the US, making history by including assets tracking popular cryptocurrencies such as Chainlink (LINK), Cardano (ADA), Polkadot (DOT), BenePit Protocol (BNP), and Melania Meme (MELANIA).
These filings are seen by analysts as a test of the boundaries set by the SEC in the crypto ETF space. The move comes amidst evolving regulatory changes and increasing ETF filings with the return of Donald Trump to office and former SEC Chair Gary Gensler's exit.
The leveraged ETFs are designed to offer amplified returns based on the daily performance of the underlying assets. The filings by Tuttle Capital Management signal a shift in the landscape of ETP offerings in the US, with a focus on meme coins and previously unexplored assets.
Analysts like James Seyffart and Eric Balchunas are closely monitoring the developments, highlighting the potential implications of these filings on the ETF market. The SEC's decision on these applications is eagerly awaited, as it is anticipated to shape the future of crypto ETFs and establish regulatory precedents.