Tuttle Capital recently filed to launch 10 new cryptocurrency-focused leveraged ETFs.
Analysts believe this move by Tuttle is a test of the limits of currently pro-cryptocurrency regulators appointed by former President Donald Trump.
According to ETF analyst James Seyffart, Tuttle's proposed ETFs include a 2x leveraged long fund for Donald and Melania Trump tokens, as well as other memecoins that have not yet been included in ETFs.
These memecoin ETFs will focus on XRP, Solana, Litecoin, Chainlink, Cardano, Polkadot, BNP and Bonk.
Seyffart also notes that this is a clear case of issuers pushing the boundaries of what the current SEC will allow.