Wall Street Braces as Tuttle’s 2X Crypto & Meme ETFs Eye July 16 Launch

Tuttle Capital eyes July 16 to debut 2× crypto and meme ETFs, signaling a new phase in leveraged digital investing.

Fridah Kangai
July 3, 2025
1:30 pm

Fridah Kangai

Fridah Kangai is a dedicated crypto journalist with a sharp eye for market trends, blockchain innovation, and digital asset movements. She specializes in breaking down complex topics into clear, engaging stories for both seasoned investors and curious newcomers. With a passion for decentralization and a pulse on the ever-evolving crypto space, Fridah delivers timely, accurate, and insightful coverage. Her work bridges the gap between technology and everyday understanding in the world of cryptocurrency.

Tuttle Capital sets July 16 as the effective date for ten new 2× leveraged crypto and meme ETFs.
The ETFs target major cryptocurrencies and trending tokens like Trump, Melania, Bonk, and Polkadot.
Market experts say the launch could mark a bold shift in Wall Street’s appetite for speculative digital assets.

Tuttle Capital Management has moved a step closer to launching ten new leveraged cryptocurrency and meme token ETFs, setting an effective date of July 16, 2025. The amended filing indicates that the high-risk, high-reward products tailored to the fast-moving digital asset market might soon become present on Wall Street.

In the new version, there are six ETFs linked to large cryptocurrencies such as XRP, Solana, Litecoin, Cardano, BNB, and Chainlink. These are complemented by four Trump-centric services: offers that revolve around Trump, Melania, Bonk, and Polkadot tokens.

Tuttle has filed an amendment to change the effective date of a bunch of 2x crypto/meme ETFs to July 16th. Doesn't mean they will launch but typically effective dates are when ETFs launch and with $SSK making it to mkt likely see others push. We'll see tho.. pic.twitter.com/ioSKGid6gg
— Eric Balchunas (@EricBalchunas) July 1, 2025

These products are meant to give two times daily returns on the underlying assets that back them. Nevertheless, they put more investors at risk of enormous losses twice the number, and therefore, they are very speculative in their nature.

As Bloomberg ETF analyst Eric Balchunas, who posted the news about X on July 1, put it, an effective date can signal that a fund is about to launch. It is not guaranteed, but the schedule matches with a recent trend of higher issue rates of ETFs at Tuttle Capital.

Balchunas went further to mention the new introduction of the $SSK ETF to indicate that the company is prepared to introduce more of its planned products to the market. The U.S. Securities and Exchange Commission has not issued any official comment concerning the amended filing so far.

Tuttle Targets Speculative Traders as Meme and Political Tokens Gain Ground

The transfer indicates the growing institutional interest in conventional cryptocurrencies and non-traditional meme-based assets. Tuttle’s approach seems to involve capitalizing on the swelling demand among speculative traders who want increased exposure to digital assets.

The historical significance of the violence caused by fake news is relevant because of the addition of politically themed tokens such as Trump and Melania. Tuttle had already indicated the same degree of curiosity in the previously filed applications regarding rolling out a new product that centers on internet trends.

With the effective date fast approaching, the financial industry is closely watching whether these funds will go live as scheduled. If approved and listed, they could introduce a new wave of leveraged crypto products into mainstream trading platforms.

All eyes now turn to July 16, as market participants await clarity on whether Tuttle’s leveraged ETFs will officially hit the market. Their launch could signal a deeper acceptance of speculative crypto instruments on Wall Street.

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