Government Grift ETF tracking Congress trades could launch this week
The Tuttle Capital Government Grift ETF (GRFT) is expected to launch soon, potentially as early as Friday. This ETF aims to allow retail investors to replicate trades made by members of the US Congress, based on STOCK Act transaction reports. The fund will also include companies with ties to presidential influence. It is grounded in the belief that politicians can affect market movements and possess valuable information. GRFT plans to track between 10 and 30 stocks, with positions based on congressional trading activities and the perceived influence of presidential connections. Moreover, given Trump's documented involvement with cryptocurrencies, there is speculation that crypto assets could feature in Tuttle’s fund, as the company has established several crypto-based exchange-traded products. Amidst a regulatory landscape that may ease the approval process for new crypto ETFs, Balchunas indicated that the SEC's recent measures could enhance the prospects of crypto ETFs entering the market.
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