ETF issuer Tuttle Capital Management has filed for 6 leveraged and inverse Bitcoin (BTC) products.
Tuttle Capital, the company that issues exchange traded funds (ETFs), to the U.S. Securities and Exchange Commission. (SEC) six leveraged and inverse Bitcoin applied for its product.
The applied ETFs in question aim to grow the returns of the spot Bitcoin ETFs that are expected to be approved. Additionally, there is a yet-to-be-approved spot Bitcoin ETF Although it was not available, the application attracted great attention.
Tuttle’s application is daily 3 short leveraged and 3 long leveraged It is divided into two parts.
Bloomberg ETF analyst Henry Jim shared on Twitter that the products are not yet available. not approved and put on the market He said BlackRock’s iShares Bitcoin ETFs, which have not been launched, will be referenced, but he will have the right to use other ETFs as well.
On the other hand, these products spot Bitcoin ETFs It carries more risk as it increases both bullish and bearish performances.