‘Government Grift’ ETF tracking Congress trades could launch this week
A Bloomberg ETF analyst said the Tuttle Capital Government Grift ETF could launch this week, allowing retail investors to make similar trades to US Congress members.
An exchange-traded fund tracking the trading activity of American politicians, individuals and companies with close ties to the US president could launch later this week, according to an analyst.
Bloomberg ETF analyst Eric Balchunas said that Tuttle Capital Government Grift ETF (GRFT) could launch as early as Friday, as the Securities and Exchange Commission on Monday set Oct. 3 as the date that Tuttle’s S-1 registration statement will become effective.
First proposed by Tuttle Capital Management earlier this year, the ETF would scan STOCK Act transaction reports to track trades made by members of Congress and their spouses.