Tuttle Capital Files for Leveraged Crypto ETFs

Reading Time: < 1 minute

The number of applications for crypto-related ETFs has significantly increased since former chair Gary Gensler resigned, with Tuttle Capital submitting 10 different leveraged products.

James Seyffart, a prominent Bloomberg analyst, confirmed Tuttle Capital’s latest filing for derivative-based ETFs for 10 different cryptocurrencies in a tweet on Monday.

These ETFs, which give investors leveraged exposure to the underlying crypto assets, have become popular among certain users who want to increase their returns, despite the high risks involved.

The filing by Tuttle Capital covers well-known cryptocurrencies such as XRP, Solana, Litecoin, and Cardano, as well as emerging ones like Chainlink, Polkadot, BNP, and even meme coins like Trump, Melania, and Bonk.

This surge in ETF applications can be attributed to the resignation of former chair Gary Gensler, who has been known for his strict stance on cryptocurrencies.