© Reuters.
NEW YORK – Tuttle Capital Management has taken an important step in expanding its exchange-traded fund (ETF) offering by filing an application with the Securities and Exchange Commission (SEC) for six new Bitcoin ETFs. These ETFs, which are branded T-REX, will include leveraged and inverse options with leverage ratios ranging from 1.5X to 2X.
The proposed ETFs will be benchmarked against the iShares Spot Bitcoin ETF, and are scheduled to officially launch on March 18, 2024. The move represents a strategic growth initiative for Tuttle Capital, which currently manages five publicly traded ETFs.
The request attracted the attention of the cryptocurrency community, which was eagerly awaiting the approval of several Spot Bitcoin ETFs.
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