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

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.