Crypto markets were active when Tuttle Capital applied to the US Securities and Stock Exchange Commission (SEC) to start the 10 new leveled Altcoin ETF. This move aims to move both popular and less -known crypto currencies to the ETF world and created great excitement among investors.
A new era in leveled Altcoin ETFs
Among the applications of Tuttle Capital, which aims to 200 %per day. 2x Long XRP Daily Target Etf, 2x Long Solana Daily Target EtfAnd 2x Long Litecoin Daily Target Etfis. These products aim to create a remarkable opportunity in the markets by providing investors with high risk and high return.
This development is a first for Altcoins such as Cardano and Polkadot, while it means a bold entrance in ETF for Memecoins such as Trump and Bonk. Although ETF applications of assets such as Dogecoin have been seen before, these new products represent a new step in the integration of volatil assets into the mainstream financial world.
Regulatory obstacles and expert opinions
This move for crypto ETFs brings regulatory problems. The SEC has frequently rejected or postponed crypto ETF applications in the past due to market volatility and investor protection concerns.
ETF expert James Seyffart said Tuttle Capital’s applications may force SEC’s attitude towards crypto ETFs. SEC’s crypto task force will play a critical role in determining the future of these applications. The team led by the Commissioner Hester Peirce aims to create clearer arrangements for investors.
Solana, Ripple and Litecoin ETFs are more likely
Analysts think that the chances of Solana, Ripple and Litecoin ETFs are higher than other beings. These crypto currencies are known for their powerful market positions, higher decentralization rates and relatively stable adoption rates.
For example, Litecoin ETF, proposed by Canary Capital, has made progress in the SEC application. This increases the likelihood of a wider acceptance of more rooted and seated crypto currencies in the ETF world.
Increased competition in subcoin investments
Tuttle Capital’s move is part of the increase in crypto ETF applications. Grayscale and Coinshares recently applied for Litecoin ETF, and Canary Capital offered ETF proposal for HELA. These developments show that asset managers’ efforts to integrate crypto into the traditional financial world.
In this area, where competition is increasing, the decisions of the SEC will play a critical role in determining the place of the crypto market in the traditional financial world.
