Tuttle’s Innovative Government Grift ETF Set to Debut Soon

A fund traded on exchanges that monitors the trading actions of American lawmakers along with individuals and corporations closely linked to the US president may be launched as soon as Friday, as reported by an analyst.

Tuttle Capital Government Grift ETF (GRFT) was initially suggested by Tuttle Capital Management earlier this year.

Bloomberg ETF analyst Eric Balchunas highlighted that GRFT could debut as early as Friday, following the Securities and Exchange Commission’s announcement on Monday that designated Oct. 3 as the date when Tuttle’s S-1 registration form will take effect.

The ETF examines STOCK Act transaction reports to monitor trades executed by Congressional members and their partners.

The fund aims to invest in firms with evident connections to presidential influence, which may involve companies with leaders or board members associated with the White House, or enterprises that receive commendation from the US President, currently Donald Trump.

GRFT plans to track between 10 and 30 equites and ETFs, with position sizes reflecting both the volume of Congressional trading and the perceived impact of presidential endorsement.

“The Fund’s strategy is based on the conviction that political figures — especially members of the US Congress and individuals closely tied to the President — can sway market outcomes or hold information that significantly influences security valuations,” Tuttle stated in the prospectus filing in late June.

Cointelegraph reached out to Tuttle for additional information, but did not receive a prompt reply.

Crypto might be part of Tuttle’s portfolio

Trump’s affiliation with cryptocurrency is well-documented — and widely critiqued by some.

One of Trump’s associations with the crypto sector is Trump Media & Technology Group (DJT), which possesses 15,000 Bitcoin (BTC) valued at $1.7 billion, while its subsidiary Truth Social has had spot crypto ETFs submitted on its behalf.

Bitcoin mining firm American Bitcoin Corp (ABTC) is another publicly traded entity that has the support of the Trump family.

Related: US government on the brink of shutdown: Will it impact the crypto market structure bill?

While not stocks that are publicly traded, Trump has been associated with two Trump-related memecoins — one bearing his name and the other named after his wife Melania — which debuted shortly before his inauguration in January.

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

Tuttle already has multiple crypto ETPs in operation

Tuttle offers several leveraged crypto exchange-traded products that aim to double the daily return of XRP (XRP), Solana (SOL), Litecoin (LTC) and Chainlink (LINK), alongside many other cryptocurrencies.