Delaware-Chood Quartered Tuttle Capital has applied for leverage-acted funds based on Memecoins, including the official Trump and Melania Meme tokens.
According to Bloomberg analyst James Seyffart, Tuttle has submitted For ten 2x livered ETFs, about assets such as XRP (XRP), Solana (SOL), Litecoin (LTC), Chainlink (link), Cardano (ADA), Polkadot (Dot), BNP, Bonk (Bonk) and the official Trump ( Trump) and Melania (Melania) tokens.
In contrast to traditional spot ETFs that reflect the performance of the underlying Activum one-on-one, livered ETFs are aimed at strengthening returns, so that investors offer the potential to achieve the daily performance of the assets followed and at the same time the increase risk exposure.
With this application, Tuttle became the first US-established asset manager who submitted ETP-Tracking chain link, Cardano, Polkadot, BNP and Melania Meme tokens for leverage ETP-Tracking chain link.
Colleague Bloomberg analyst Eric Balchunas noted That the archives are ‘unusual’, because many of the proposed funds even miss a standard ETF. However, he said that, since these are submitted under the 40-act framework, they may be able to start acting by April, unless the SEC reverses them.
Referring to the recent archives for Trump and Dogecoin ETFs of Rex shares, Balchunas reminded his followers that these products were not withdrawn, which could indicate the openness of the SEC to further explore crypto-oriented ETFs.
“Will be interesting to see where the SEC draws a line (or not at all) and why,” he wrote.
The US Securities and Exchange Commission has seen major changes in accordance with Trump’s promise to end the hostility to the crypto sector. With crypto-friendly commissioner Hester Peirce at the forefront of this transition, the agency has already launched a dedicated crypto-task force to streamline policy and to reduce the ambiguity of regulations.
Market pundits are of the opinion that the new SEC could again define the regulation landscape for crypto ETFs, with the potential to open doors for a wider range of digital asset products.
Seyffart described Tuttle’s application as a daring move to test the “limits” of the SEC under the settlement approach.
The success of Spot Bitcoin and Ethereum ETFS has inspired assets managers to experiment with new products in the ETF market.
On December 20, the SEC “accelerated approval” granted the Bitcoin and Ethereum index ETFs of Hashdex and Franklin Templeton for trade on the BZX Exchange and the Nasdaq share market.
In the meantime, Bitwise Asset Management has registered legal confidence for a Dogecoin ETF with the Ministry of Foreign Affairs of Delaware, which marks a first step towards the potential launch of the fund.
