The "Government Cash Grab" ETF may launch this week in the United States

Jinse Finance reported that an analyst stated that an exchange-traded fund (ETF) tracking the trading activities of U.S. politicians as well as individuals and companies closely related to the U.S. President could be launched as early as this Friday. This fund, named Tuttle Capital Government Grift ETF (ticker: GRFT), was first proposed by Tuttle Capital Management earlier this year. Bloomberg ETF analyst Eric Balchunas pointed out that GRFT could go live as early as this Friday, as the U.S. Securities and Exchange Commission (SEC) set October 3 as the effective date for Tuttle's S-1 registration statement on Monday. The ETF will track the trades of members of Congress and their spouses by scanning trade disclosures under the Congressional STOCK Act. In addition, the fund will also invest in companies with clear connections to presidential influence, which may include companies whose executives or directors have ties to the White House, or businesses that have received public praise from the current president (currently Donald Trump).