Tuttle Capital Proposes First-Ever Leveraged ETFs of TRUMP, MELANIA, Cardano, Others

Quick Summary:

The daily performance returns of these tokens will be tracked and generated through swaps, call options, and direct investments, per the filing.

Balchunas added the ETFs could technically be out in April unless explicitly disapproved by the SEC as these were an “Act 40” filing — which allows for potential trading if not disapproved within the review period due to its structured process for review and approval of investment products.

A 10% slide would mean the ETFs drop at least 20%, before fees.

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Article Details

Author / Journalist: Shaurya Malwa

Category: Crypto

Markets: United StatesCuba

Topics: Tokens Capital Filing Returns Tuttle Trump Melania Bullish Leveraged Coindesk Etfs

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-28 @ 07:31:45 (2 days ago)

News Timezone: GMT -5:00

News Source URL: coindesk.com

Language: English

Article Length: 329 words

Reading Time: 2 minutes read

Sentences: 23 lines

Sentence Length: 15 words per sentence (average)

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Copyright Owner: © CoinDesk

News ID: 25567630

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