TechFlow reports, citing ETF Hearsay by Henry Jim on X, that Tuttle Capital has filed applications with the U.S. Securities and Exchange Commission (SEC) for six new Bitcoin exchange-traded funds (ETFs).
The six proposed ETFs from Tuttle Capital include the T-REX 1.5X, 1.75X, and 2X Long Spot Bitcoin Daily Target ETF, along with the T-REX 1.5X, 1.75X, and 2X Inverse Spot Bitcoin Daily Target ETF.
These funds aim to deliver daily leveraged or inverse returns, magnifying the performance of their underlying spot Bitcoin ETF reference by 150% to 200%. Ticker symbols and fees are yet to be determined, with an effective date of March 18, 2024.
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