Categories: Crypto

Tuttle Capital targets July 16 to launch 10 leveraged crypto ETFs, including XRP, BNB


Key Takeaways

  • Tuttle Capital Management is set to launch 10 new leveraged crypto ETFs by July 16.
  • The ETFs will provide 2x leverage on a range of digital assets including XRP, BNB, BONK, and TRUMP tokens.

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Asset manager Tuttle Capital Management aims to launch 10 leveraged crypto exchange-traded funds on July 16, targeting major assets like XRP, Solana, and BNB, as well as famous meme tokens such as TRUMP and MELANIA, according to an amended filing with the SEC.

Other prominent crypto assets the firm plans to offer exposure to include Litecoin, Bonk, Cardano, Chainlink, and Polkadot.

Bloomberg ETF analyst Eric Balchunas, who first spotted the amendment, suggested the July 16 target date was likely encouraged by the pending launch of the REX-Osprey Solana Staking ETF, expected to debut on the Cboe tomorrow under the ticker SSK.

https://twitter.com/EricBalchunas/status/1940054954606985324?ref_src=twsrc%5Etfw” target=”_blank” rel=”nofollow noopener noreferrer

REX Financial and Osprey Funds received a response from the SEC last week indicating the Commission had no “further comments” on their filings.

Like the REX-Osprey Solana Staking ETF, Tuttle Capital’s filing was submitted under a rule that allows such products to become effective automatically on the scheduled date, without requiring further SEC approval, as long as no objections are raised beforehand.

However, while the amendment enables the ETFs to go into effect on July 16, actual trading may still depend on exchange readiness, operational logistics, and final setup by market makers, meaning launches could be delayed beyond that date.

Tuttle Capital first filed for 10 different leveraged crypto ETFs in January. Leveraged ETFs amplify daily returns using derivatives and debt, potentially increasing financial exposure and risk.

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Adam Forsyth

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Adam Forsyth

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