Tuttle Capital Seeks Approval for Memecoin ETFs Including TRUMP and MELANIA

Tuttle Capital Management has submitted a proposal to the SEC to register ten 2x leveraged crypto-ETFs, including those based on the memecoins TRUMP and MELANIA.

NEW: @TuttleCapital just filed for 10 different leveraged crypto asset ETFs. Including a bunch of memecoin products and assets that don’t have ETPs yet. pic.twitter.com/i8X0rSdbK7

— James Seyffart (@JSeyff) January 27, 2025

Other products are based on XRP, Solana, Litecoin, Bonk, BNP, Cardano, Chainlink, and Polkadot.

Bloomberg analyst James Seyffart jokingly remarked about starting a campaign to bring back Gary Gensler.

To be very clear here. This is a case of issuers testing the limits of what this SEC is going to allow. I’m expecting the new crypto task force (led by @HesterPeirce) to likely be the lynchpin in determining what’s gonna be allowed vs what isn’t

— James Seyffart (@JSeyff) January 27, 2025

“This is a case of issuers testing the boundaries of what the regulator might permit,” he commented.

Seyffart’s colleague, Eric Balchunas, noted that if approved, the instruments could be listed as early as April.

Also note this is a 40 act filing so in theory unless the SEC disapproves them they could be out and trading in April. Will be interesting to see where the SEC draws line (if at all) and why. I will say it’s been a week since Doge/Trump filing and it hasn’t been withdrawn. That’s…

— Eric Balchunas (@EricBalchunas) January 27, 2025

“It will be interesting to see where the SEC draws the line (if at all) and why. It’s been a week since the DOGE/TRUMP filing and it hasn’t been withdrawn. That’s something,” he added.

On January 21, REX Shares, a division of Osprey Funds focused on digital assets, submitted a proposal to launch a series of products based on Ethereum, Solana, XRP, BONK, TRUMP, and DOGE.

Two days later, Bitwise filed an application for registration based on DOGE with the Delaware Department of State’s Division of Corporations. Asset managers typically establish legal entities in the state before approaching the SEC with such initiatives.

Previously, several experts expressed confidence in the emergence of a SOL-ETF by the end of 2025.