Meme Coin ETFs and Altcoin Funds: Tuttle Capital Tests SEC Limits

• Tuttle Capital has submitted filings for LINK, ADA, DOT, LTC, XRP, and SOL leveraged ETFs.
• Tuttle also filed for leveraged meme coin ETFs including BONK, TRUMP, and MELANIA. 
• Cboe filed for in-kind redemptions for the 21Shares Bitcoin ETF and the 21Shares Core Ethereum ETF.

The crypto market has seen a surge of leveraged exchange-traded funds (ETF) applications. These applications focus on altcoins like Chainlink (LINK), Cardano (ADA), Polkadot (DOT), Litecoin (LTC), XRP, and Solana (SOL). In addition, meme coin projects TRUMP, MELANIA, BONK, and BNP are included in the filings. All were submitted by Tuttle Capital. 

Bloomberg ETF analyst James Seyffart confirmed the filings in a post on X (formerly Twitter). He was surprised by the number of applications from Tuttle Capital. He jokingly suggested bringing back former SEC Chair Gary Gensler to control the meme coin-focused applications.

Related: $920 Billion Wiped Out of the Crypto Market in Just 24 Hours

Tuttle Capital clarified that they might be “testing the limits” of the SEC. They anticipate that the new crypto task force under SEC Commissioner Hester Peirce will play a key role in deciding which a…

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