Tuttle Capital Management has decided to withdraw its applications for ten leveraged cryptocurrency ETFs, which were connected to meme tokens such as BONK, TRUMP, and MELANIA. The move has sparked discussions and raised eyebrows within the financial community regarding the motivations behind this decision.
This withdrawal highlights the ongoing regulatory scrutiny surrounding funds that are centered on meme coins, drawing attention to the challenges and uncertainties faced by financial institutions aiming to venture into this market segment.
