Tuttle Capital proposes 6 ETFs that ‘magnify’ spot Bitcoin ETF performance

Tuttle Capital proposes 6 ETFs that ‘magnify’ spot Bitcoin ETF performance

Jan 03. 2023

By Brayden Lindrea

Tuttle Capital Management, an exchange-traded fund (ETF) issuer, has filed for six proposed leveraged and inverse Bitcoin ETFs with the United States securities regulator — in hopes to offer “magnified” returns from a spot Bitcoin ETF.

Tuttle Capital filed three N1-A forms with the Securities and Exchange Commission on Jan. 3, filings used by investment companies to create new open-ended mutual funds.

Bloomberg Intelligence ETF analyst Henry Jim shared the filings on X (formerly Twitter) on the same day, noting an effective date of March 18, 2024.

“We have filings for 6 leveraged #Bitcoin ETFs already. Don’t even have a spot ETF approved yet, but @TuttleCapital waits for no one,” added fellow Bloomberg ETF analyst James Seyffart in a retweet.

The Bitcoin ETF applications include T-REX 1.5X, 1.75X and 2X Long Spot Bitcoin Daily Target ETFs and T-REX 1.5X, 1.75X, and 2X Inverse Spot Bitcoin Daily Target ETFs.