Tuttle Capital Management Files for 2x Leveraged Zcash ETFs

Tuttle Capital Management has filed with the SEC for a new series of leveraged ETFs, including two that focus on Zcash. The filings, submitted on October 21, 2026, through the ETF Opportunities Trust, include the Tuttle Capital 2X Long CYPH Daily Target ETF and the Tuttle Capital 2X Long WINK Daily Target ETF, both designed to provide 200% of the daily performance of their respective benchmarks.

The CYPH ETF tracks Cypherpunk Technologies Inc., which is primarily invested in Zcash but is not exclusively a Zcash vehicle. The WINK ETF aims to mirror the performance of a proposed Winklevoss Zcash ETF, which is still in the registration phase. This dependency on the Winklevoss ETF raises questions about the viability of the WINK fund if the underlying product does not launch.

Leveraged ETFs are structured to amplify the returns of their benchmarks on a daily basis, meaning a 2x fund would aim to double the daily performance of its target. However, these products come with increased risk, particularly on volatile trading days, where investors could face significant losses.

Tuttle has a history of launching leveraged crypto products, including Bitcoin ETFs and other thematic funds. The firm’s latest filings reflect a continued interest in the crypto market and its potential for high-risk, high-reward investment strategies.