Tuttle Capital Management has filed applications for 10 leveraged cryptocurrency exchange-traded funds (ETFs), marking the first US filings to include assets like Cardano ( ADA ), Polkadot (DOT), BenePit Protocol (BNP), and Melania Meme (MELANIA). These filings reflect an effort to explore the boundaries of what the SEC might approve in the rapidly evolving crypto ETF market. A leveraged ETF is designed to deliver amplified daily returns of its underlying assets, using financial derivatives and debt to achieve multiples of 2x, 3x, or more. Among the unique proposals are the 2x MELANIA ETFs , part of a growing trend of meme-coin-focused products aiming to test regulatory limits. Bloomberg analyst James Seyffart commented on the filings, noting that this is the first time US ETPs have been proposed for assets like LINK, ADA, and meme coins . The filings coincide with significant changes in the regulatory landscape, including Donald Trump’s return to office for a second term and the departure of former SEC Chair Gary Gensler. Seyffart explained that this shift has encouraged issuers to test the waters under the new SEC leadership. Hester Peirce, known for her pro-crypto stance, is expected to play a key role in determining what products will be allowed. Eric Balchunas, another Bloomberg analyst, highlighted that the filing was made under the 40 Act, which could enable the ETFs to begin trading as early as April unless explicitly rejected by the SEC. Balchunas remarked on the unusual filing for a 2x MELANIA ETF before introducing a standard 1x version. He also noted that similar products exist in Europe, but 2x TRUMP and MELANIA ETFs are entirely new concepts in the US. The filings follow Rex Shares’ recent applications for meme coin ETFs tracking assets like TRUMP, BONK, DOGE, Bitcoin, and Ethereum. Balchunas pointed out that the lack of a withdrawal for these filings after a week signals growing optimism among institutions. While the SEC has yet to decide on these proposals, its response will set a precedent for future crypto ETFs in the US. Approval of these filings could mark a significant milestone for the crypto industry and open doors for more innovative financial products. However, skepticism remains, and the SEC's decision will likely determine how far issuers can push the boundaries of crypto-backed ETFs.