Tuttle Capital Pioneers 10 Leveraged Crypto ETFs: XRP, Solana, Memecoins in Spotlight

Tuttle Capital Files for 10 Leveraged Crypto ETFs: XRP, Solana, and Memecoins Take Center Stage

Tuttle Capital Management has filed with the U.S. Securities and Exchange Commission (SEC) to introduce 10 leveraged crypto ETFs, marking a significant step in the world of cryptocurrency investment products. The proposed ETFs aim to track major cryptocurrencies such as Chainlink (LINK), Cardano (ADA), and Polkadot (DOT), offering investors a way to achieve 200% of the daily performance of their reference assets.

Among the 10 proposed leveraged ETFs is the first-ever ETF tied to the Melania meme coin (MELANIA), along with leveraged products for XRP (XRP), Bonk (BONK), Solana (SOL), Litecoin (LTC), and the meme coin tied to U.S. President Donald Trump (TRUMP). These filings come as the SEC undertakes a reevaluation of its stance towards cryptocurrency-related financial products, with industry experts urging caution regarding the potential approval of these pioneering ETFs.

The crypto market has shown strong interest in Tuttle’s proposals, further underscoring the industry’s commitment to innovating investment solutions. Saravanan Pandian, CEO and Founder of KoinBX, remarked on the industry’s efforts to meet diverse market demands, stating, “If these ETFs get approved, they could pave the way for new participants in the market, but the SEC needs to ensure risk mitigation and transparency is in place.” This sentiment reveals the careful balance between fostering innovation and maintaining regulatory oversight.