While there has been a significant increase in ETF applications since Donald Trump took office, applications are also coming for altcoins that have never been subject to ETF applications before.
The most notable of these are Trump’s own token TRUMP ($28.91) and Dogecoin (DOGE ($0.33)), while Tuttle Capital Management has recently filed 10 new cryptocurrency ETF applications with the SEC.
Accordingly, Tuttle Capital Solana has applied for 10 leveraged crypto ETFs, including XRP ($3.09) and TRUMP and BONK.
These ETFs could offer investors new opportunities to increase their exposure to popular cryptocurrencies like Solana, XRP, and Litecoin, while also offering the first ETF products for Cardano, Polkadot, and lesser-known altcoins like TRUMP and BONK.
The altcoins referenced are: XRP, Solana (SOL ($236.71)), TRUMP, Litecoin (LTC ($114.62)), MELANIA, BONK, BNP, Cardano (ADA ($0.95)), Chainlink (LINK ($23.95)) and Polkadot (DOT ($5.92)).
As you may recall, last week, for the first time, ETF applications were made for TRUMP, BONK and Dogecoin.
Related News: JUST IN! Spot ETF Application Filed for Dogecoin (DOGE) and Two Surprise Altcoins in the US!
Bloomberg ETF analyst James Seyffart said:
“Tuttle Capital has filed for 10 different leveraged cryptocurrency ETFs, including a bunch of memecoins and altcoins that don’t yet have ETPs.
This is the first US ETP ($0.00) application for Chainlink, Cardano, Polkadot, BNP and… Melania.
“To be very clear here. This is a situation where issuers are testing the limits of what the SEC will allow. I expect the new crypto task force (led by Hester Peirce) to probably play a key role in deciding what will and will not be allowed.”
Bloomberg ETF analyst Eric Balchunas said the Tuttle Capital applications were unusual. Balchunas noted that the ETFs were filed under the 1940 Act and therefore could open for trading in April if the SEC does not reject them:
“The 2x Melanie ETF was filed before the 1x Melania ETF. This is unusual. There were also initial filings for Chainlink, Cardano, Polkadot, BNP.
Also keep in mind that these applications are covered by the 1940 statute, so in theory, it depends on what the SEC decides in April. They could be out and about in business in April.
“It will be interesting to see where the SEC draws the line and why. It’s been a week since the DOGE and TRUMP filings and they haven’t retracted. That’s a big deal.”
A 2x Melanie ETF before a 1x Melania ETF has been filed. That is unusual. Also first filing to look to track chainlink, Cardano, Polkadot, BNP. All 2x tho. https://t.co/dQNiV5odMq
— Eric Balchunas (@EricBalchunas) January 27, 2025
*This is not investment advice.
Continue Reading: A First for Altcoins in the US! ETF Applications Made for 10 Surprise Altcoins Including TRUMP!
