Exchange Trading Fund (ETF) provider Tuttle Capital Management is “testing water” by the Trump administration, which is friendly with cryptocurrency, Ten times lever ETF proposal On Monday, the US Securities and Exchange Commission (SEC) included officials who followed the official members of Donald and Melania Trump.
Tuttle put forward the first 200 % return of the following ETF tracking of the following ETF: chain link (link), Caldano, Polkadot (DOT), Melania (MLANIA), XRP (XRP), BONK (BONK (BONK), Solana (Solank), Litecoin (LTC) and Trump (Trump).
The daily performance returns of these tokens will be tracked and generated through the document passing, call options and direct investment. However, due to the leverage of these products, investors have the opportunity to lose all capital.
The document warns: “The use of leverage will be enlarged and returned, but the loss will also be amplified. If the value of basic assets drops by more than 50 %, investors may lose the entire principal within a single trading day.”
Although 50 % of the declines are rare, the market is notorious in the cottage market, because the market pressure suddenly decreased by 10 %, just like Monday. 10 % slide will mean that ETF will decrease at least 20 % before the cost.
Bloomberg Intelligence Analyst James Seyffart Say in X post These files may be a test that the Trump administration may allow.
SEYFFART said: “This is a case that the issuer tests the restrictions that this stock exchange will allow.” “I hope that the new encrypted special force (led by @Hesterpeirce) may be Lynchpin, which is sure of what is allowed, not what is not allowed. “
“Before submitting 1 times the Black Beetle ETF, there are 2 times Meiraney ETF (SIC). This is unusual,” Bloomberg intelligence analyst Eric Balchunas Well -knownEssence
Balchunas added that unless the SEC explicitly refuses because these ETFs can be released in April, because these are “40 ACT” applications-due to their structured review and approval, it allows potential transactions during the review period. If Do not refuse. Essence