🚀 Tuttle Capital Proposes 10 Crazy Crypto ETFs Including XRP & Trump’s Memecoins: Invest Twice the Returns, Lose Twice the Money! 🎉🔥
Tuttle Capital Management just wowed the world with their bold filing of 10 on-leveraged crypto ETFs to the U.S. SEC. Among them: double (2x) returns on XRP, Solana (SOL), Litecoin (LTC), Cardano (ADA), Chainlink (LINK), Polkadot (DOT), Binance Coin (BNB), Bonk (BONK), TRUMP & MELANIA memecoins. Not to be outdone, they included ETFs for memecoins inspired by former President Donald Trump and First Lady Melania Trump.
Of course, this has Twitter in a tizzy:
Tuttle Capital files for a 2x long MELANIA ETF
TradFi testing the boundaries of the new admin for sure— rciv (@rcivNFT) January 27, 2025
James Seyffart, a Bloomberg Intelligence analyst, noted that this would be a first for ETFs proposed for Chainlink, Cardano, Polkadot, and Melania’s coin.
Leveraged ETFs are designed to amplify daily gains using financial instruments like derivatives and debt, but the risks are real—severe losses could be on the line. In fact, the filing states, “Using leverage amplifies returns but also magnifies losses.”
The approval or rejection by the SEC will determine the fate of these contentious ETFs. Eric Balchunas, an ETF analyst at Bloomberg, suggests that if all checks are clear, these ETFs could launch as early as April.
The chances of approval remain to be seen – how will the new crypto task force led by Hester Peirce rule on these novel investment vehicles? In the meantime, this proposal adds to the ongoing trend of increasingly bold ETF applications. Just last week, Osprey and Rex Shares submitted applications for non-leveraged ETFs tracking Trump’s memecoin and XRP.
Will Tuttle Capital’s daring move prove successful, or will it be rejected by the SEC? Keep an eye on the world of cryptocurrency and stay tuned for updates!
Read More
- Ludus promo codes (April 2025)
- Cookie Run: Kingdom Topping Tart guide – delicious details
- Unleash the Ultimate Warrior: Top 10 Armor Sets in The First Berserker: Khazan
- Cookie Run Kingdom: Shadow Milk Cookie Toppings and Beascuits guide
- Grand Outlaws brings chaos, crime, and car chases as it soft launches on Android
- Grimguard Tactics tier list – Ranking the main classes
- Fortress Saga tier list – Ranking every hero
- Tap Force tier list of all characters that you can pick
- ZEREBRO/USD
- Val Kilmer Almost Passed on Iconic Role in Top Gun
2025-01-28 15:49