Tuttle Files for 2x Long Asian Storage and Zcash ETFs

What happened

Tuttle has filed applications for several niche leveraged exchange-traded funds, including a 2x long Asian storage ETF and a 2x long Zcash ETF. Bloomberg ETF analyst Eric Balchunas reported the filings in a post on X, according to Odaily.

Confirmed

Global impact / market context

These are applications, not approved products, so no fund is available to buy yet. If approved, a 2x long fund aims to double daily gains, which means borrowed money and daily resetting can amplify losses and raise costs for investors.

Analyst inference

Niche filings show providers are testing demand for leveraged exposure beyond mainstream funds. For crypto and storage-linked companies, such products could widen the investor base, but only after regulatory review; approval is uncertain and the timing of any launch is unknown.

Analyst inference

What to watch

1. Watch whether Tuttle's filings move forward through the regulatory review process, since an application alone does not create a fund available to investors. Confirmed
2. Watch the proposed fund terms, including the exact 2x daily target, fees, and how each fund would obtain leveraged exposure, because these details set investor costs. Proposed
3. Watch whether similar leveraged crypto and storage fund applications follow, which would signal providers expect demand for niche exposure despite the risk of amplified losses. Analyst inference

Evidence

• binance.com