Breaking: Tuttle Capital Files For 2X Solana, XRP, TRUMP, and Cardano Leverage ETFs

Highlights
- Tuttle Capital has filed a total of 10 leverage crypto ETF products with US SEC
- Solana, XRP, TRUMP and Litecoin made the list
- Cardano and Polkadot also secured their first crypto ETF products
ETFs and investment strategies expert Tuttle Capital Management has applied to list 10 leverage crypto ETF products tracking Solana and XRP with the United States Securities and Exchange Commission (SEC). While this is one of the pioneering crypto products by the firm, it also marks the first for some of the underlisted assets beyond SOL and XRP.
Tuttle Capital ETFs: Testing Regulatory Boundaries
According to the firm’s S-1 registration statement, the Tuttle Capital 2X Long XRP Daily Target ETF product marks the first on the list. The list also includes the Tuttle Capital 2X Long Solana Daily Target ETF and Tuttle Capital 2X Long Litecoin Daily Target ETF.
While these altcoins have previous ETF filings poised to track their performances, many new cryptocurrencies and memecoins also made the list. Through Tuttle Capital, assets like Cardano, Chainlink, and Polkadot will get their first leverage ETF products.
Tuttle Capital also wants the US SEC to approve ETF products featuring memecoins like TRUMP, MELANIA, and BONK.
According to ETF expert James Seyffart, crypto exchange-traded fund issuers are likely pushing regulatory boundaries with the US SEC. He noted that the crypto task force, led by Hester Peirce, will likely play a role in deciding which filing bags are approved.
To be very clear here. This is a case of issuers testing the limits of what this SEC is going to allow. I’m expecting the new crypto task force (led by @HesterPeirce) to likely be the lynchpin in determining what’s gonna be allowed vs what isn’t
— James Seyffart (@JSeyff) January 27, 2025
Unusual Crypto ETF Filings
This filing comes at a time when top asset managers are pushing for crypto ETF products, As reported earlier, Grayscale and Coinshares applied for Litecoin ETF with the US SEC on January 24.
Tuttle Capital is not the first asset manager to file for a meme coin-backed ETF product. Rex-Osprey filed for Dogecoin ETF with the US SEC earlier this month, pioneering the movement. Other memecoins like BONK and TRUMP were also featured in the Rex-Osprey filing.
While assets not in the top 10, like Hedera, also have an ETF proposal from Canary Capital, experts are skeptical about the extreme volatility of memecoins for the filings to gain approval.
Fate of Solana, XRP and Litecoin ETF Approval
It is worth noting that market analysts have projected that more crypto ETF-related applications might be underway.
However, amid this hype, experts believe Solana, XRP, and Litecoin ETF products have better approval odds. The Litecoin ETF proposed rule change from Canary Capital saw its 19b-4 filing lodged with the SEC earlier this month.
This filing is one of the many with the prospect of approval alongside Solana and XRP, judging by their capitalization and decentralization.
- Cyber Hornet Seeks SEC Nod for S&P 500 and XRP ETF
- Cathie Wood’s Ark Invest Eyes Stake in Tether as USDT Issuer Targets $500B Valuation
- Kraken Secures $500M at $15B Valuation, Eyes IPO in 2026
- Bybit Lists Ripple’s RLUSD Following BlackRock and VanEck Integration
- SWIFT Plans Stablecoin and On-Chain Messaging Pilot on Linea, Challenging Ripple
- Solana Price Set for Q4 Surge as Canary Capital ETF Filing Meets Wyckoff Accumulation
- Avalanche Price Could Surge to $50 as Transactions Jump 200%
- CHMPZ Price Prediction:Will This Net-Zero Community Token be the Next Gem?
- Ethereum (ETH) Price Set for a rebound as Whales Accumulate $1.6B ETH and Outflows Hit $622M
- HYPE Price Prediction As Bitwise Files For Hyperliquid ETF – Is $55 In Sight?
- Shiba Inu Price Eyes Recovery From Demand Zone With Burn Rate Soaring Nearly 400%