Tuttle Capital Plans Launch of First-Ever Leveraged ETFs Focused on TRUMP, MELANIA, Cardano, and More.

Tuttle Capital Management Files Proposal for 2x Leveraged ETFs Tracking Cryptos and Trump Memecoins

Tuttle Capital Management is taking a bold step into the crypto market with the submission of ten 2x leveraged exchange-traded fund (ETF) proposals to the U.S. Securities and Exchange Commission (SEC) on Monday. These ETFs are designed to track the daily performance of high-profile cryptocurrencies and memecoins, including tokens tied to former President Donald Trump and his wife, Melania.

The proposed ETFs aim to provide investors with 200% leveraged returns on a range of digital assets such as Chainlink (LINK), Cardano (ADA), Polkadot (DOT), Melania (MELANIA), XRP (XRP), Bonk (BONK), Solana (SOL), Litecoin (LTC), and Trump (TRUMP). These funds will utilize a combination of swaps, call options, and direct investments to generate returns. However, due to the leveraged nature of the products, the risk is significant—investors could lose their entire investment if the underlying assets experience major price drops. The filing explicitly warns that a 50% drop in asset value could result in complete capital loss within a single day.

Although such steep declines are uncommon, the volatile nature of the altcoin market means that smaller dips—such as the 10% drop seen on Monday—can still result in significant losses. For example, a 10% decline in a tracked asset could cause the leveraged ETFs to fall by 20%, excluding fees.

James Seyffart, an analyst at Bloomberg Intelligence, speculated that the filings are a strategic move to assess how the SEC under the Trump administration might react to crypto products. “These filings are likely a test to see what the SEC will approve in terms of crypto-related investment products,” Seyffart said. He also noted that Hester Peirce, head of the newly formed crypto task force, will play a crucial role in deciding which proposals are approved or rejected.

Bloomberg’s Eric Balchunas also pointed out an unusual detail—Tuttle proposed a 2x leveraged Melania ETF before filing for a 1x version, which is highly unorthodox. Balchunas explained that these ETFs could potentially launch by April unless the SEC explicitly denies them. The filing process follows the “Act 40” framework, which allows for automatic approval unless there are objections within a specific review period.

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