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 <p>Tuttle Capital Management has filed an application with the US Securities and Exchange Commission (SEC) to launch six leveraged and inverse Bitcoin ETFs (exchange-traded funds).</p>
 <p>The ETF issuer filed three different N1-A filings with the SEC on January 3.</p>
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
  <p lang="en" dir="ltr">T-Rex files 6 leveraged and inverse Bitcoin ETFs</p>
  <p>T-Rex 1.5X Inverse Spot Bitcoin Daily Target ETF<br>T-Rex 1.5X Long Spot Bitcoin Daily Target ETF<br>T-Rex 1.75X Inverse Spot Bitcoin Daily Target ETF<br>T-Rex 1.75X Long Spot Bitcoin Daily Target ETF<br>T-Rex 2X Inverse Spot Bitcoin Daily… pic.twitter.com/eLFTiS1Gq9</p>
  <p>— ETF Hearsay by Henry Jim (@ETFhearsay) January 3, 2024</p>
 </blockquote>
 <p></p>
 <p>The six ETFs are called T-REX 1.5X, 1.75X, and 2X Inverse Spot Bitcoin Daily Target ETFs and T-REX 1.5X, 1.75X, and 2X Long Spot Bitcoin Daily Target ETFs.</p>
 <h2 id="tuttle-s-leveraged-bitcoin-etfs-only-for-knowledgeable-investors">Tuttle’s Leveraged Bitcoin ETFs Only For Knowledgeable Investors</h2>
 <p>The ETFs seek to magnify the daily performance of the reference spot Bitcoin ETF by 150% for the 1.5X product, by 175% for the 1.75X product and so on.</p>
 <p>Tuttle’s filing said it will using the BlackRock iShares spot Bitcoin ETF as an underlying reference but that it may also switch to other products.</p>
 <p>“The Fund is designed to be utilized only by knowledgeable investors,” the filing says.</p>
 <p>Bloomberg Intelligence ETF analyst Eric Balchunas says a filing for such investment vehicles “was only a matter of time.”</p>
 <h3 id="also-read">Also Read</h3>
 <ul>
  <li>Bitcoin ETF Preparations Ramp Up With Goldman Sachs And JPMorgan In Talks With With Grayscale Over Key Role</li>
  <li>Bitcoin ETF Applications Will Be Rejected This Month, Slashing 20% Off The Bitcoin Price, Matrixport Says</li>
  <li>Top Macro Analyst Says $100K Bitcoin Price Would Be ‘’Disappointing’’ In Next Bull Run, Hopes For $200K</li>
 </ul>
 <p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/tuttle-capital-submits-applications-for-six-leveraged-bitcoin-etfs-tbt75615.html">https://thebittimes.com/tuttle-capital-submits-applications-for-six-leveraged-bitcoin-etfs-tbt75615.html</a></p>
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Tuttle Capital Submits Applications For Six Leveraged Bitcoin ETFs

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TheBitTimes

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