Tuttle Capital has submitted an amendment to shift the effective date for a series of crypto and meme-related lever-to-stock stock market funds (ETFs) until July 16.
This movement, first reported By Bloomberg’s ETF analyst Eric Balchunas on 1 July could indicate to the upcoming launch of 10 new leverage funds.
These ETFs are ready to offer double (2x) leverage to different assets, including well-known cryptocurrencies such as Solana, Chainlink, Cardano, Polkadot and Litecoin, as well as meme assets such as Trump, Melania and Bonk.
If approved, the funds would also include assets such as XRP and mark a remarkable expansion in the reach of crypto options that are available for ETF investors.
However, Balchunas clarified that the changed starting date does not always guarantee a launch, although it is often a strong indication that the product is imminent.
He said:
‘[This] Does not mean that they will launch, but usually are effective dates when the ETFs are launched. “
Tuttle originally presented these ETFs in January and attracted the attention of analysts because of their aggressive design.
In contrast to standard ETFs, which reflect the price movement of the underlying Activum one-on-one, livered ETFs have aimed at strengthening these movements, so that investors are double the exposure-so on profit as a loss-compared with the daily performance of the active.
In particular, many of these assets do not yet have a basic spot -off -opposers, so that Tuttle’s archives are unusual.
Crypto ETF -Golf
The potential debut of Tuttle’s ETFs follows a broader innovation trend in crypto-related financial products.
Rex shares and Osprey funds lead the drive, with a strike Solana ETF (SSK) launch planned for 2 July. This product would give investors direct exposure to SOL and take rewards to the chains.
In contrast to the usual spot ETF product, the fund is registered under the Investment Company Act and taxed as a C-corporation. This regulatory structure means that although the American SEC did not officially approve it, there were no objections to the launch.
According to Balchunas, SSK’s debut could motivate other companies to insist on more innovative product designs that are confronted with minimal legal resistance.
