The U.S. "government profit" ETF is expected to launch this week, investing in companies with a clear connection to presidential influence.

On September 30, according to Cointelegraph, analysts revealed that an exchange-traded fund (ETF) tracking the trading activities of American politicians and individuals and companies closely related to the President of the United States could be launched as early as this Friday. Tuttle Capital Management proposed the concept of the Tuttle Capital Government Grift ETF (ticker: GRFT) earlier this year. Bloomberg ETF analyst Eric Balchunas pointed out that GRFT could launch as soon as Friday because the SEC confirmed October 3 as the effective date for the S-1 registration statement submitted by Tuttle this past Monday. The fund will also invest in companies with clear ties to presidential influence, which may include businesses with executives or board members connected to the White House, or companies that have received public praise from the President (currently Donald Trump). Additionally, crypto assets may be included to track the cryptocurrency investments of government officials. Tuttle already has several crypto leveraged exchange-traded products (ETPs) designed to achieve double daily returns of cryptocurrencies such as XRP, Solana, Litecoin, and Chainlink.