Tuttle’s Government Grift Exchange-Traded Fund Might Debut This Week

A new exchange-traded fund aimed at monitoring the trading actions of American politicians and individuals closely associated with the US president might debut later this week, as per an analyst’s report.

Bloomberg ETF analyst Eric Balchunas indicated that the Tuttle Capital Government Grift ETF (GRFT) could be launched as early as Friday. The Securities and Exchange Commission announced on Monday that October 3 is when Tuttle’s S-1 registration statement will take effect.

Initially proposed by Tuttle Capital Management this year, the ETF plans to analyze STOCK Act transaction reports to track trades executed by members of Congress and their spouses.

The fund will also invest in companies with proven connections to presidential influence, which may include firms whose executives or directors are linked to the White House, or those that receive endorsements from the current president, Donald Trump.

GRFT aims to monitor between 10 and 30 stocks and ETFs, adjusting position sizes based on the volume of congressional trading and the expected influence of presidential support.

“The Fund’s strategy is based on the belief that political figures — particularly U.S. Congress members and those closely associated with the President — can impact market results or hold information that significantly influences security pricing,” Tuttle stated in its prospectus filing from late June.

Cointelegraph contacted Tuttle for further details but did not receive an immediate reply.

Potential Crypto Inclusion in Tuttle’s Fund

Trump’s engagement with cryptocurrency has been widely noted — and criticized by some. 

One notable connection Trump has to the crypto space is through Trump Media & Technology Group (DJT), which holds 15,000 Bitcoin (BTC) valued at $1.7 billion, while its subsidiary Truth Social has had spot crypto ETFs registered on its behalf.

American Bitcoin Corp (ABTC), a Bitcoin mining company, is another publicly traded entity supported by the Trump family.

Related: US government on the brink of shutdown: Implications for crypto market structure bill?

While not publicly traded stocks, two Trump-related memecoins have emerged — one named after him and another after his wife Melania — launched shortly before his inauguration in January.

He is also closely connected to World Liberty Financial, a crypto platform in which the Trump family holds $5 billion worth of WLFI tokens.

Tuttle’s Active Crypto ETPs

Tuttle presently lists multiple leveraged crypto exchange-traded products designed to double the daily returns of XRP (XRP), Solana (SOL), Litecoin (LTC), Chainlink (LINK), and several other cryptocurrencies.