According to Jinse Finance, Tuttle Capital has applied to the US Securities and Exchange Commission (SEC) for six new Bitcoin exchange-traded funds (ETFs). On January 3, Tuttle Capital submitted three separate N1-A documents to the SEC. The proposed structure of Tuttle Capital's Bitcoin ETFs provides leveraged and inverse investment options based on the performance of the reference spot Bitcoin ETF, which is still pending approval from the SEC.
The six ETFs proposed by Tuttle Capital include T-REX 1.5X, 1.75X, and 2X long spot Bitcoin daily target ETFs, as well as T-REX 1.5X, 1.75X, and 2X inverse spot Bitcoin daily target ETFs. These funds aim to provide daily leverage or inverse results, amplifying the performance of the reference spot Bitcoin ETF by 150% to 200%.
The effective date for these ETFs is set for March 18. As of now, Tuttle Capital has not disclosed the specific stock codes or management fees for these ETFs.
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