Tuttle Capital files with SEC for six leveraged and inverse Bitcoin ETFs
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.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
xAI says ‘rogue employee’ responsible for white genocide Grok posts
Share link:In this post: xAI has issued a statement blaming a “rogue employee” for white genocide posts on its AI chatbot Grok. The company mentioned that an unnamed employee made an unauthorized modification to the system prompt. Users on X disagree with the statement, lining up to take jabs at Elon Musk.
US credit downgrade by Moody’s has Wall Street on edge over national debt
Share link:In this post: Moody’s downgraded the US credit rating due to rising debt and weak deficit control. The “Big Beautiful Bill” could add up to $5.2 trillion to the national debt if passed. Investors are worried about higher borrowing costs and a possible cash crunch by August.
Is Bitcoin (BTC) Climb Past $105K Just the Start of a Bigger Bull Run?
Fartcoin Price Surged by 11%, Targeting $2 Mark
Trending news
MoreCrypto prices
More
