A First for Altcoins in the US! ETF Applications Made for 10 Surprise Altcoins Including TRUMP!
The post A First for Altcoins in the US! ETF Applications Made for 10 Surprise Altcoins Including TRUMP! appeared on BitcoinEthereumNews.com.
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 and Dogecoin (DOGE), 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 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), TRUMP, Litecoin (LTC), MELANIA, BONK, BNP, Cardano (ADA), Chainlink (LINK) and Polkadot (DOT). As you may recall, last week, for the first time, ETF applications were made for TRUMP, BONK and Dogecoin. 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 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,…
Filed under: News - @ January 28, 2025 7:22 pm