Tuttle Capital Management, an Exchange-Traded Fund (ETF) provider, has doubled the ETF proposal on Monday, including the tracking of Donald and Melania. , Crypto Testing water from the Trump administration, which is kind to the card administration. Official memory.
TUTTLE proposed the first ETFS to track 200 % of the next token: CHAINLINK (LINK), Cardano (ADA), Polkadot (Dot), Melania (Melania), XRP (XRP), BONK (BONK) ), SOLANA (SOL) was proposed. , Litecoin (LTC) and Trump (Trump).
The daily performance return of these tokens is tracked and generated through swaps, call options, and direct investments for each filing. However, due to the nature of these products, if the price decreases significantly, the whole capital may be lost.
“Use of leverage will be amplified the return, but will increase the loss. Investors may lose the entire principal on a single transaction day if the basic asset value decreases by 50 % or more.” And the application was warned.
50 % of the 50 % drop is notorious because the Altcoin market suddenly decreases by 10 % during market stress, like Monday. A 10 % slide means that ETF drops at least 20 % before the price.
According to the Bloomberg Intelligence analyst, James Seifato, the application is likely to be a test on what the Trump administration allows.
“This is the case of the issuer who tests the restrictions of what SEC is allowed,” says Seyffart. “I expect a new Crypto Task Force (led by @hesterpeirce) to become a lynlin pin to determine what is allowed.”
“Twice the Melanie ETF (SIC) before the 1X Melania ETF is submitted. That is unusual,” said Erick Barknas, an analyst of Bloomberg Intelligence.
Balchunas has added that ETFs may be technically released in April unless the SEC is explicitly dismissed. These are “Act 40” filing. 。
