Tuttle Capital Launches Crypto ETFs, Focusing on BONK, SUI, and LTC!

Jakarta, Pintu News – Tuttle Capital, an asset manager overseeing more than $3.6 billion, recently applied to the US Securities and Exchange Commission (SEC) to launch several crypto-based exchange-traded funds (ETFs).

With a focus on Bonk (BONK), Sui (SUI), and Litecoin (LTC), the company seeks to provide stable income opportunities for investors. This initiative reflects the latest exploration in financial products that combine innovation with the growth potential of the crypto market.

ETF Strategy and Income Mechanism

The ETF proposed by Tuttle Capital is designed to generate income for investors by following the daily price movements of the chosen cryptocurrency. To achieve this, the ETF will use a put credit spread strategy with FLEX options. FLEX options are exchange-traded contracts that allow investors to customize key details such as strike price, expiration date, and contract type.

This approach helps investors better manage prices while reducing the risks associated with over-the-counter options. This ETF offers an annual operating expense of 0.99%, which includes management fees. Other expenses, such as distribution fees, are 0.00%. Investors may also pay brokerage commissions and other fees that are not included in the operating expenses.

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Institutional Market and Demand Analysis

In a filing with the SEC, Tuttle Capital indicated strong demand from institutional investors for Bonk. As a Solana (SOL)-based memecoin, Bonk has a market capitalization of over $1.87 billion and a 24-hour trading volume of approximately $348 million.

Currently, Bonk is the second-largest memecoin, just behind Pudgy Penguins (PENG), with a price increase of about 4% in the last 24 hours and trading around $0.00002426. Meanwhile, Litecoin (LTC) and Sui (SUI) are also targets of this ETF.

Litecoin barely moved, up 0.21% to around $115, while Sui gained 0.93%, trading currently at $3.59. Both cryptocurrencies are included in Bonk’s shared income strategy.

Also read: The Ether Machine Prepares to Launch on Nasdaq, Total Holdings Reach 495,362 ETH!

Industry and Regulatory Response

Tuttle Capital is not the only US company to apply for a Bonk ETF, following in the footsteps of Rex Shares and Osprey Funds. The company has previously applied for a 2x Bonk and 2x Litecoin ETF in January 2025. ETF analysts Eric Balchunas and James Seyffart highlighted Solana-based Bonk’s new revenue- and volatility-focused strategy.

Seyffart suggested that brokerage firms include warnings for these high-risk products, but stated that experimentation is part of the market. The SEC has yet to approve spot ETFs for altcoins, including Bonk, SUI, and Litecoin. A decision continues to be delayed as the regulator works with major exchanges on broader listing standards for crypto ETFs.

Conclusion

Tuttle Capital’s initiative to launch a crypto-based ETF marks an important step in the evolution of financial products that combine blockchain technology with traditional investment instruments. With an innovative and strategic approach, this ETF offers an opportunity for investors to diversify their portfolios while capitalizing on the growth potential of cryptocurrencies.

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This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• Crypto Times. Tuttle Capital Files Bonk Income Blast ETF with SUI and Litecoin. Accessed on September 18, 2025
• Featured Image: Crypto Economy