Overview

• The proposals, submitted on September 16 under the Investment Company Act of 1940, seek to generate current income with capped exposure to BONK, SUI and LTC.
• Each fund would use FLEX Options executed via put credit spreads to control downside risk while providing limited daily participation in token moves.
• Prices reacted to the filings, with BONK up about 4% to roughly $0.0000242 and SUI and Litecoin posting gains alongside higher trading volumes.
• The SEC has yet to approve comparable spot crypto ETFs and is working on broader listing standards, leaving timing and outcomes for these applications uncertain.
• Bloomberg’s Eric Balchunas and James Seyffart noted the design’s novelty and suggested the products may require prominent risk disclosures, as Tuttle expands its crypto-linked lineup from a roughly $3.6 billion asset base.