Crypto ETFs Proposed Cboe Tuttle Capital

Cboe and Tuttle Capital Propose New Crypto ETFs to SEC

• Cboe proposes in-kind creations and redemptions for ETFs, challenging cash-based standards.
• SEC currently prefers cash-based redemptions, which can increase costs and tax inefficiencies.
• Tuttle Capital applies for leveraged ETFs targeting 10 cryptocurrencies, including XRP and Cardano.
• Proposed leveraged ETFs aim to deliver 2x leverage on daily returns or losses.
• Potential first ETF offerings for Cardano, Polkadot, and Chainlink if approved.

Cboe’s proposal seeks to allow ETF redemptions using digital assets directly, potentially reducing tax burdens. Meanwhile, Tuttle Capital’s application includes leveraged ETFs for several cryptocurrencies.