ETFs and investment strategies expert Tuttle Capital Management has filed an application to list 10 leverage crypto ETF products tracking Solana and XRP with the United States Securities and Exchange Commission (SEC). While this is one of the pioneering crypto products by the firm, it also marks the first for some of the underlisted assets beyond SOL and XRP.
Solana, MELANIA and Cardano ETF: Testing Regulatory Boundaries
According to the firm’s S-1 registration statement, the Tuttle Capital 2X Long XRP Daily Target ETF product marks the first on the list. The list also include the Tuttle Capital 2X Long Solana Daily Target ETF and Tuttle Capital 2X Long Litecoin Daily Target ETF.
While these altcoins have previous ETF filings poised to track their performances, many new cryptocurrencies and memecoins also made the list. Through Tuttle Capital, assets like Cardano, Chainlink and Polkadot will get their first leverage ETF products.
Tuttle Capital also want the US SEC to approve ETF products featuring memecoins like TRUMP, MELANIA, and BONK. This filings comes at time when top asset managers are pushing for crypto ETF products, As reported earlier, Grayscale and Coinshares filed an application for Litecoin ETF with the US SEC on January 24.
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