news.bitcoin.com
Connecticut-based Tuttle Capital filed for a leveraged Melania Trump memecoin (MELANIA) exchange-traded fund (ETF) on Monday, according to a post by Bloomberg ETF analyst James Seyffart. The filing was part of a list of ten leveraged ETFs, including ones that will hold Donald Trump’s memecoin (TRUMP), Bonk (BONK), and several established cryptocurrencies such as XRP, litecoin (LTC), solana (SOL), cardano (ADA), and polkadot (DOT). What makes the filing unconventional, besides the memecoins, is the leveraged nature of the funds. Typically, unleveraged ETFs are filed first before their leveraged versions, which is not the case with this batch. “To be very clear here, this is a case of issuers testing the limits of what this SEC is going to allow,” Seyffart explained. Last week another ETF provider Rex Shares and its crypto-focused sister company, Osprey Funds, filed for seven ETFs including ones that will hold TRUMP, BONK, and dogecoin (DOGE).
