Tuttle Capital Management has updated the effective date for ten of its proposed 2× leveraged crypto and meme exchange-traded funds to July 16, 2025. The amended filing, submitted to regulators, suggests these high-risk, high-reward funds could debut on the market in less than two weeks.
Bloomberg ETF analyst Eric Balchunas, who flagged the filing on July 1, has said that effective dates usually coincide with the actual day of launch. By listing the $SSK ETF of Tuttle last week, he observed that the remaining speculative products might soon be listed on trading platforms.
The two products are meant to bring twice the daily returns in terms of gains and reductions of the underlying cryptocurrencies and meme tokens. Such a leverage mechanism renders the products volatile, especially and more appropriate to short-term strategies.
Tuttle Lines Up Diverse Portfolio of Leveraged Crypto and Meme Funds
The amendment affects a group of ETFs tied to both major cryptocurrencies and meme coins. The list includes 2× long exposure to major altcoins such as XRP, Solana, Litecoin, Cardano, BNB, and Chainlink. Also featured are ETFs tracking popular meme tokens including Trump, Melania, Bonk, and Polkadot.
All the funds seek to duplicate the movement of their reference asset by twice as much as on a daily basis, and also provide additional returns to the day trader, but with greater downside risks. These ETFs will follow daily performance, i.e., these products are not meant to be held on a long-term basis as they are rebalanced on a daily basis.
The change signals increased institutional demand in esoteric crypto-assets, particularly those that are tied to online memes and political celebrities. Tuttle has already submitted requests to list funds linked to Trump-themed tokens that have been popular in social media-based trading networks.
Regulatory Response Remains Key as Industry Watches Closely
Even after the new filing, no statement has been issued to the public by the U.S. Securities and Exchange Commission against the ETFs. However, the fact that such a filing has occurred close to such a deadline has led to hopes that Tuttle is on the verge of a formal rollout.
Market participants feel that the SEC has taken a stand on these leveraged funds that might create a precedent in the approval of crypto ETFs in the future. Companies and merchants are sitting on the edge, and this may be a landmark moment in crypto-based investment products.
Conclusion
All eyes are on July 16 as Wall Street anticipates a potential influx of high-volatility crypto ETFs. If launched, these funds could reshape short-term trading strategies across both retail and institutional markets.
Also Read: Bitcoin Scores All-Time High Monthly and Quarterly Closes Amid Sustained Institutional Interest
