Tuttle Capital files for 10 leveraged crypto ETFs, including TRUMP and MELANIA memecoins

Tuttle Capital Management filed Monday afternoon for 10 different leveraged crypto exchange-traded funds, including the newly-launched memecoins from U.S. President Donald Trump and First Lady Melania Trump .

Tuttle filed for 2x leveraged funds to track XRP, Solana, Litecoin, Cardano, Chainlink, Polkdaot, BNP, Bonk, TRUMP and MELANIA. These are believed to the be first exchange-traded product filings of any kind to track for Chainlink, Cardano, Polkadot, BNP and Melania, Bloomberg intelligence analyst James Seyffart said on X.

A leveraged ETF uses financial derivatives and debt to amplify the daily returns of an underlying security. Traditional ETFs typically track the securities in their underlying index one-to-one, while a leveraged fund may aim for a 2:1 (or higher) ratio.

"To be very clear here," Seyffart said on X, "This is a case of issuers testing the limits of what this SEC is going to allow. I'm expecting the new crypto task force (led by @HesterPeirce) to likely be the lynchpin in determining what's gonna be allowed vs what isn't."

Bloomberg ETF analyst Eric Balchunas noted this is a 40 Act filing, which means "in theory" these products could be out and trading by April unless the SEC disapproves them.

"Will be interesting to see where the SEC draws line (if at all) and why," Balchunas said on X. "I will say it’s been a week since Doge/Trump filing and it hasn’t been withdrawn. That’s something."

Last fall, Tuttle Capital Rex Shares launched the first ETFs to offer 200% leveraged exposure and -200% inverse exposure to the daily price movement of MicroStrategy, the largest corporate holder of bitcoin. Last week, Osprey and Rex Shares filed to list non-leveraged ETFs tracking President Trump's memecoin, XRP, BONK and other tokens.

“We definitely think there is a demand for it,” Matthew Tuttle told Bloomberg last July, when speaking on highly-levered ETFs. “There's a whole bunch of degens out there who love to trade this stuff.”