Tuttle Capital is using U.S. lawmakers’ mandatory stock disclosure filings to back the strategy of its newly proposed ETF.

Tuttle Capital Proposes New ETF Tracking Congressional Stock Picks

Overview:
Tuttle Capital has filed for an innovative ETF that aims to track and invest in stocks held by members of the United States Congress or their spouses. This “Tuttle Capital Congressional Trading ETF” will be an actively managed fund, leveraging publicly disclosed stock transactions by Congress members as mandated by the STOCK Act of 2012.

Key Details:
- Active Management: The ETF will actively invest in stock picks disclosed by Congressional members, with selection criteria based on historical investment performance, committee memberships, and seniority.
- Management Fee: The proposed management fee for the ETF is 0.75%.
- Regulatory Filing: The filing, made on June 11, follows the regulatory framework established by the STOCK Act, aimed at preventing lawmakers from using inside information for personal gain.

Comparison to Other ETFs:
- Subversive Capital Advisors: Similar ETFs, such as the Unusual Whales Democratic ETF (NANC) and Unusual Whales Republican ETF (KRUZ), have been performing well. As of now, NANC is up 17%, and KRUZ is up 8% this year, compared to the S&P 500’s 12.7% return.

Tuttle Capital’s Track Record:
- Unique Proposals: Known for its distinctive ETF ideas, Tuttle Capital previously filed for ETFs based on the investment tips of CNBC’s Jim Cramer. These included the “Inverse Cramer ETF” and the “Long Cramer ETF,” which bet against and followed Cramer’s investment tips, respectively.
- Bitcoin ETFs: In January, Tuttle Capital also proposed six leveraged and inverse Bitcoin ETFs, designed to offer amplified returns from a spot Bitcoin ETF.

Potential New Ventures:
- Roaring Kitty ETF: Tuttle Capital's CEO Matthew Tuttle mentioned that tracking the stock picks of GameStop (GME) trader Keith Gill, aka “Roaring Kitty,” could be an “interesting idea,” highlighting the firm’s openness to novel investment strategies.

Market Impact:
If approved, the Tuttle Capital Congressional Trading ETF could attract significant interest, capitalizing on the transparency and performance insights from Congressional stock disclosures. This innovative approach not only provides a unique investment opportunity but also enhances the accountability and public scrutiny of lawmakers' financial activities.

Conclusion
Tuttle Capital’s new ETF proposal demonstrates a creative approach to leveraging publicly available financial data for investment strategies. By tracking Congressional stock picks, this ETF could offer investors a unique way to potentially benefit from the financial decisions of U.S. lawmakers.