Tuttle Capital Submits Applications For Six Leveraged Bitcoin ETFs

Tuttle Capital Management has filed an application with the US Securities and Exchange Commission (SEC) to launch six leveraged and inverse Bitcoin ETFs (exchange-traded funds).

The ETF issuer filed three different N1-A filings with the SEC on January 3.

T-Rex files 6 leveraged and inverse Bitcoin ETFs

T-Rex 1.5X Inverse Spot Bitcoin Daily Target ETF
T-Rex 1.5X Long Spot Bitcoin Daily Target ETF
T-Rex 1.75X Inverse Spot Bitcoin Daily Target ETF
T-Rex 1.75X Long Spot Bitcoin Daily Target ETF
T-Rex 2X Inverse Spot Bitcoin Daily… pic.twitter.com/eLFTiS1Gq9

— ETF Hearsay by Henry Jim (@ETFhearsay) January 3, 2024

The six ETFs are called T-REX 1.5X, 1.75X, and 2X Inverse Spot Bitcoin Daily Target ETFs and T-REX 1.5X, 1.75X, and 2X Long Spot Bitcoin Daily Target ETFs.

Tuttle’s Leveraged Bitcoin ETFs Only For Knowledgeable Investors

The ETFs seek to magnify the daily performance of the reference spot Bitcoin ETF by 150% for the 1.5X product, by 175% for the 1.75X product and so on.

Tuttle’s filing said it will using the BlackRock iShares spot Bitcoin ETF as an underlying reference but that it may also switch to other products.

“The Fund is designed to be utilized only by knowledgeable investors,” the filing says.

Bloomberg Intelligence ETF analyst Eric Balchunas says a filing for such investment vehicles “was only a matter of time.”

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