(MENAFN- crypto Breaking)
TCM, Tuttle Capital Management, has submitted applications for ten leveraged crypto ETFs in the US, showing a growing interest among asset managers in utilizing cryptocurrencies and memecoins as viable investment options.
2x Long Exposure in Tuttle Capital's Crypto ETFs
Located in Riverside, Connecticut, Tuttle Capital was established in 2012, focusing on investment management and advisory services.
The recent filing by the firm includes various popular cryptocurrencies such as XRP , Solana (SOL ), Litecoin (LTC), and Cardano (ADA ), along with more unique tokens like TRUMP, MELANIA, BONK, Chainlink (LINK), and Polkadot (DOT).
These proposed ETFs aim to offer a 2x long exposure to these digital assets, targeting investors interested in seizing opportunities in the cryptocurrency market's volatility and potential growth.
Experts in ETFs, James Seyffart and Eric Balchunas from Bloomberg, have highlighted the significance of these filings. Seyffart mentioned that this is the first time US crypto ETFs have been filed for assets like Chainlink, Cardano , Polkadot, and even the memecoin MELANIA.
Implications on SEC Regulations
Experts suggest that this is a crucial period for issuers as they push the boundaries of what the SEC will allow. The newly formed crypto task force, led by pro-crypto Commissioner Hester Peirce, is expected to play a vital role in shaping the regulatory framework for such products.
Balchunas pointed out that the crypto ETFs fall under the Investment Company Act of 1940, indicating that unless the SEC rejects the applications, these ETFs could potentially be tradeable as early as April.
He also noted the significance of the Dogecoin and TRUMP crypto ETFs, emphasizing a changing attitude among regulators as their lack of withdrawal after a week is observed.
Despite the recent filings for new crypto ETFs, Cardano has experienced a nearly 5% price drop, falling below the crucial $1 mark. ADA is currently trading at $0.92.
Image credit: DALL-E, chart source: TradingView .com
Crypto Investing Risk Warning
Crypto assets are highly volatile. Your capital is at risk.
Don't invest unless you're prepared to lose all the money you invest.
This is a high-risk investment, and you should not expect to be protected if something goes wrong.
MENAFN28012025008006017065ID1109135683
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.