The U.S. "Government Rent-Seeking" ETF is set to launch this week, targeting companies directly influenced by the President.

BlockBeats News, September 30th. According to Cointelegraph, an analyst revealed that an Exchange-Traded Fund (ETF) tracking the trading activity of U.S. politicians and individuals closely connected to the U.S. President could debut as soon as this Friday. Earlier this year, Tuttle Capital Management first proposed the idea of the Tuttle Capital Government Grift ETF (ticker: GRFT).

Bloomberg ETF analyst Eric Balchunas pointed out that GRFT could launch as early as Friday because the U.S. Securities and Exchange Commission (SEC) has set October 3rd as the effective date for Tuttle's submitted S-1 registration statement. The fund will also invest in companies with clear ties to the President's influence, which may include executives or board members of White House-affiliated companies or entities praised publicly by the U.S. President (currently Donald Trump).

Cryptocurrencies might also be included to track government officials' cryptocurrency investments. Tuttle already has several cryptocurrency leveraged exchange products (ETPs) designed to achieve double the daily return of cryptocurrencies such as XRP, Solana, Litecoin, Chainlink, among others.