Tuttle Capital Management has filed an amended Form N-1 with the U.S. Securities and Exchange Commission (SEC), to designate July 16, as the effective date for a slate of 2X leveraged ETFs tied to cryptocurrencies such as Ripple’s XRP, Solana (SOL), Binance Coin (BNB), Cardano (ADA). The ETFs also includes memecoins such as Official Trump (TRUMP), Melania (MELANIA), and Bonk (BONK).
XRP, SOL, BNB ETFs Listed in the Filing
According to the SEC filing, the ETFs in the updated filing include:
- Tuttle Capital 2X Long XRP Daily Target ETF
- Tuttle Capital 2X Long Solana Daily Target ETF
- Tuttle Capital 2X Long Trump Daily Target ETF
- Tuttle Capital 2X Long Litecoin Daily Target ETF
- Tuttle Capital 2X Long Melania Daily Target ETF
- Tuttle Capital 2X Long Bonk Daily Target ETF
- Tuttle Capital 2X Long BNB 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
As this diversified list spans major crypto assets, political memes, and native blockchain currencies, which suggests is aiming to ride the next wave of investors’ interest in crypto ETFs.
Senior ETF analyst, Eric Balchunas commented on the amendment and weighed in on the launch date. He noted that the filling “doesn’t mean they will launch but typically effective dates are when ETFs launch and with $SSK making it to mkt likely see others push. We’ll see tho..”
For now, we can expect a decision by the SEC on or before July 16. Either the agency can approve the above-mentioned ETFs or delay its decision on the same.
Also Read: Ripple vs. SEC: July 3 Next Big Date in XRP Lawsuit?
