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Tuttle Capital Seeks Approval for Bonk Income Blast ETF

According to Cointelegraph, Tuttle Capital has filed applications for three new Income Blast ETFs, expanding beyond Bonk to include Litecoin and SUI.

LTC
SUI
BONK

Summary

Tuttle Capital has applied to launch three Income Blast ETFs: Bonk Income Blast ETF, Litecoin Income Blast ETF, and SUI Income Blast ETF, according to Cointelegraph. The proposed funds aim to provide investors with exposure to their respective cryptocurrencies while generating income through strategies such as put credit spreads executed with FLEX options. This filing broadens Tuttle Capital’s earlier proposal focused solely on Bonk.

Terms & Concepts
  • Bonk (BONK): A meme-inspired cryptocurrency token built on the Solana blockchain, often traded for speculative purposes.
  • Put Credit Spread: An options strategy involving the sale of a put option and purchase of a lower strike put option to generate income with defined risk.
  • FLEX Options: Flexible Exchange options that allow customized terms such as strike prices, expiration dates, and exercise style, traded on exchanges.