Tuttle Capital Management has expanded its crossover investment options after filing for its “Crypto Blast” single-stock ETFs with the U.S. Securities and Exchange Commission (SEC) on November 5, 2025. The filing listed six ETFs tied to familiar names, including MicroStrategy, Nvidia, Coinbase, Tesla, Palantir, and Robinhood.
According to the filing, each fund combines regular company stocks with some exposure to crypto-related ETFs. Tuttle plans to list the funds on the Cboe BZX Exchange, but they are not approved yet. Therefore, nothing is available for trading until regulators review the filings. Tuttle describes the funds as aiming to provide a steady income along with some exposure to crypto markets, especially during changing market conditions.
A 'Strategic' Structure for Crypto Exposure
The flagship MSTR Crypto Blast ETF primarily invests in MicroStrategy’s stock, with the goal of earning income and achieving potential growth. The fund employs a put spread strategy on MicroStrategy shares and allocates any leftover cash into cryptocurrency ETFs that hold Bitcoin, Ether, and Solana. Bloomberg ETF analyst Eric Balchunas described the setup, stating that the fund "implements a put spread strategy on the stock… but then also invests the cash… in crypto ETFs… for the ‘blast.’"
Tuttle just filed for a line of single stock "Crypto Blast" ETFs, which (I think) implement a put spread strategy on the stock (with weekly payouts) but then also invest the cash not used for margin in crypto ETFs tracking BTC, ETH and SOL for the "blast" pic.twitter.com/MOxK572v6N
— Eric Balchunas (@EricBalchunas) November 5, 2025
The filing indicates that the fund will invest at least 80% of its net assets in MSTR-related options and selected crypto ETFs. The expense ratio is set at 0.99%, with no additional distribution fees. The fund does not aim to track the exact performance of MicroStrategy but rather seeks weekly distribution payouts. However, the filing acknowledges market risks, liquidity risks, and the potential for underperformance during unstable pricing conditions.
Broader Market Context for Crypto Investments
This development emerges amidst unusual behavior in ETF flows for major crypto assets. Bitcoin and Ethereum spot ETFs have recently experienced several consecutive days of notable outflows. Analyst Daan Crypto Trades explained that outflows can sometimes align with local bottoms if the price holds firm. He emphasized that flows should be analyzed in conjunction with price action to accurately understand market sentiment, suggesting investors track both movement and response rather than relying solely on numbers.
$BTC & $ETH Have seen large ETF outflows the past 4 trading days.
— Daan Crypto Trades (@DaanCrypto) November 4, 2025
This is compounding on the already high selling amounts of OG Whales the past few weeks.
These ETF outflows don't need to be bad as this data is lagging as obviously you see it the day after. But it does show the… pic.twitter.com/EtAs61ThyV
In parallel, Bloomberg’s Eric Balchunas defended a bullish long-term outlook on crypto, shared by analyst Tom Lee. Balchunas noted that Lee’s optimism has historically rewarded patient holders. He remarked, "If someone bets big on a team to win and they win by a smaller margin than expected, it is still a victory," underscoring the significance of strategy over precise price targets.
This proposed ETF structure signifies the ongoing intersection between traditional finance and cryptocurrency markets. It introduces a novel approach that links stock-based investment strategies with direct exposure to crypto assets. This methodology may potentially influence how investors assess risk, manage allocations, and interpret market behavior across both financial domains.