The new Exchange-Traded Fund (ETF), which focuses on the political influence of American policymakers, could be released soon this Friday. The proposed Tuttle Capital Government Grift ETF (GRFT) aims to expose investors to political trading activities and corporate ties related to the US president, providing insight into the intersection of politics and financial markets in the crypto era.
- The proposed ETF has a SEC approval pending on Friday and may be made public with registration effective October 3rd.
- GRFT tracks political trading activities by analyzing stock ACT trading reports, focusing on transactions made by Congress members and their spouses.
- The fund targets companies that have demonstrated political influence or ties with the White House, including those praised by President Trump.
- Holds 10-30 shares and ETFs, with position sizes reflecting trading activities and perceptions of the president’s influence.
- The link between crypto assets and the industry is nuanced into the political investment landscape, attracting attention that Trump-related companies and members.
Future ETFs could highlight political dynamics affecting the US market, including markets within the rapidly evolving cryptocurrency sector. The Tuttle Capital Government Grift ETF (GRFT), originally proposed earlier this year, could be released soon this week, with the SEC set as the effective date for registration on October 3rd.
ETFs use public transaction reports under the Stock Act to track market activity, requiring members of Congress and their spouses to disclose transactions. Additionally, GRFT includes companies with close ties to the president’s influence, such as those with executives connected to the White House and those that have received praise, particularly from Donald Trump.
As expected, GRFT tracks a basket of 10-30 stocks and ETFs, tracking the weight of each retention, reflecting both the level of Congressional trading and the perceived impact of Presidential support. The prospectus states that the fund’s premise is that politicians and their peers may have privileged information that will shake up financial markets or affect security prices.
Cointelegraph contacted Tuttle for more details, but did not receive an immediate response. Interestingly, the possibility of including cryptocurrencies in ETF portfolios suggests a blurred line between traditional political funds and digital assets.
The role of cryptography in Trump’s impact landscape
Donald Trump’s involvement with the cryptocurrency sector is well documented and often under scrutiny. In particular, Trump Media & Technology Group (DJT) owns around 15,000 bitcoin worth around $1.7 billion, while its subsidiary Truth Social has applied to the Spot Crypto ETF. Similarly, Trump-backed stocks such as the publicly available Bitcoin mining company American Bitcoin Corp (ABTC) and other companies linked to the Trump family further highlight his impact in the crypto market.
Not all are publicly listed, but ownership of platforms like World Liberty Financial, named after him and his wife Melania, which holds billions of tokens, strengthens their deep ties with the digital asset domain.
Development of existing cryptographic ETFs and regulations
Tuttle already manages several crypto-centric exchange-selling products, including leveraged ETFs that track a variety of cryptocurrencies such as XRP, Solana, Litecoin, and ChainLink. These products expand investor options within the broader crypto market and reflect on ongoing institutional interest.
Meanwhile, recent SEC moves, including approval of general listing standards, could encourage rapid approval of new crypto ETFs beyond Bitcoin and ether. Marketwatchers believe this regulatory change could significantly increase the likelihood that additional spot crypto ETFs will enter the market and expand mainstream access to digital assets.
“The new listing standards from the SEC streamline the cryptographic ETF approval process, and approval for new products is almost inevitable.”
As the regulatory environment evolves, both traditional financial products and crypto assets are poised for an increase in integration, demonstrating a powerful combination of politics, regulatory and digital innovation that shapes the future of the crypto market.