Tuttle Capital applies to the SEC for six leveraged and inverse Bitcoin ETFs

2024-01-04 17:07:59

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ChainCatcher news, Tuttle Capital has applied to the U.S. Securities and Exchange Commission (SEC) for six new Bitcoin exchange-traded funds (ETFs). On January 3, Tuttle Capital submitted three separate N1-A filings to the SEC. The proposed structure of the Bitcoin ETFs is designed to provide leveraged and inverse investment options based on the performance of a reference spot Bitcoin ETF, which is still pending SEC approval.

The six ETFs proposed by Tuttle Capital include T-REX1.5X, 1.75X, and 2X long spot Bitcoin daily target ETFs, as well as T-REX1.5X, 1.75X, and 2X inverse spot Bitcoin daily target ETFs. These funds aim to provide daily leveraged or inverse results, magnifying the performance of their 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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Tuttle Capital SEC Inverse Bitcoin ETF

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