The actively managed ETF “Tuttle Capital Congressional Trading ETF” proposes to invest in Congressional member stock selections based on required public disclosure disclosures, according to a June 11 regulatory filing.

Purpose and Selection Criteria

Enacted in 2012 to stop U.S. legislators from using inside knowledge from their positions for personal advantage, the disclosures are made under the Stop Trading on Congressional Knowledge (STOCK) Act.

Based on their seniority, the committees on which they serve, and the performance of their investment returns, Tuttle Capital claimed the fund would choose Congressmen to follow. It also floated with a 0.75% management fee.

Comparison to Similar ETFs

It follows similar Congress stock-tracking ETFs from Subversive Capital Advisors, which launched the Unusual Whales Democratic ETF (NANC) and Unusual Whales Republican ETF (KRUZ) in February 2023, which are up 17% and 8% so far this year, respectively, compared to the S&P 500’s 12.7% return over the same period, Yahoo Finance and MarketWatch report.

Tuttle Capital’s History of Custom ETF Ideas

Custom ETF ideas are not new to Tuttle Capital.

In 2022, it registered two ETFs focused on CNBC Mad Money personality Jim Cramer’s investment advice.

One gambled against his investment advice, the “Inverse Cramer ETF,” and the other went for the “Long Cramer ETF,” the opposite approach.

The ETFs came and went quickly. The Inverse Cramer ETF ran for 11 months, while the Long Cramer ETF traded for roughly five months before closing.

Future Prospects

Tuttle Capital also registered in January for six proposed leveraged and inverse bitcoins.

While Tuttle Capital’s website does not currently feature any of these ETFs as “current T-REX strategies,” they could potentially yield “magnified” profits from a spot Bitcoin ETF.

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The CEO and Chief Investment Officer of Tuttle Capital recently claimed an ETF tracking the stock choices of renowned GameStop (GME) stock trader Keith Gill, sometimes known as “Roaring Kitty,” was an “interesting idea.”

Given his considerable media and spectator following, ETF Store president Nate Geraci suggested the idea—more loosely than anything.

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