Tuttle Capital Management, an issuer of exchange-traded funds, has just filed 6 applications to launch Bitcoin leveraged and inverse funds.
In particular, the company yesterday filed three N1-A forms with the SEC, documents that allow applications to create new open-end investment funds.
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Henry Jim, ETF analyst at Bloomberg Intelligence, has said these would take effect from March 18, 2024.
He has written:
"We have filings for 6 leveraged Bitcoin ETFs already. Don’t even have a spot ETF approved yet, but TuttleCapital waits for no one."
The funds intend to offer daily leveraged or inverse returns, magnifying the performance of their benchmark spot Bitcoin ETF by 150% to 200%.