Roaring Kitty

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Exchange-traded fund (ETF) issuer Tuttle Capital has filed a new ETF that aims to track and invest in stocks held by members of the United States Congress or their spouses.&nbsp;
The “Tuttle Capital Congressional Trading ETF” is proposed as an actively <a href="https://cointelegraph.com/learn/different-types-of-etfs">managed ETF</a> investing in <a href="https://cointelegraph.com/news/us-members-of-congress-must-disclose-crypto-holdings-above-1-000">Congressional member</a> stock picks as reported in mandatory public disclosure filings, according to a June 11 regulatory <a href="https://www.sec.gov/Archives/edgar/data/1771146/000199937124007341/npel-485apos_061124.htm#npel485aposa01" target="_blank" rel="noopener nofollow">filing</a>. 
The filings are made under the Stop Trading on Congressional Knowledge (STOCK) Act — enacted in 2012 to prevent U.S. lawmakers from using inside information from their positions for personal benefit.
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 Source: <a href="https://x.com/ETFhearsay/status/1800652419958804689" target="_blank" rel="noopener nofollow">Henry Jim</a>
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Tuttle Capital said the fund would select Congresspeople to follow based on the historical performance of their investment returns, the committees on which they serve and their seniority. It also floated a 0.75% management fee.
It follows similar Congress stocking-tracking ETFs from Subversive Capital Advisors, which launched the Unusual Whales Democratic ETF (NANC) and Unusual Whales Republican ETF (KRUZ) in February 2023 — which are <a href="https://finance.yahoo.com/quote/KRUZ/" target="_blank" rel="noopener nofollow">up</a> 17% and 8% so far this year, <a href="https://finance.yahoo.com/quote/NANC/performance/" target="_blank" rel="noopener nofollow">respectively</a>, compared to the S&amp;P 500’s 12.7% return over the same time, <a href="https://www.marketwatch.com/investing/index/spx" target="_blank" rel="noopener nofollow">according</a> to Yahoo Finance and MarketWatch. 
Tuttle Capital is no stranger to unique ETF proposals. 
In 2022, it filed for two ETFs <a href="https://cointelegraph.com/news/it-s-happened-someone-s-filed-for-cramer-etfs-with-the-sec">centered around</a> the investment tips from CNBC Mad Money host Jim Cramer.
One bet against his investment tips, the “Inverse Cramer ETF,” and the other took an opposite strategy, the “Long Cramer ETF.” 
Related: <a href="https://cointelegraph.com/news/bitcoin-etfs-buy-two-months-btc-mining-supply">Bitcoin ETFs sucked up 2 months of BTC mining supply in first week of June</a>
The ETFs didn’t last long. The Long Cramer ETF only traded for about five months before being shuttered, while the Inverse Cramer ETF <a href="https://cointelegraph.com/news/jim-cramer-inverse-etf-shuts-down-10-months-after-launch">lasted around 11 months</a>. 
In January, Tuttle Capital also filed for six proposed leveraged and inverse Bitcoin (<a href="https://cointelegraph.com/bitcoin-price">BTC</a>) ETFs, which could offer “magnified” returns from a <a href="https://cointelegraph.com/learn/bitcoin-etfs-a-beginners-guide-to-exchange-traded-funds">spot Bitcoin ETF</a>, though none of these ETFs are currently listed on Tuttle Capital’s website as “current T-REX strategies.”
<h2 id="roaring-kitty-etf-interesting">Roaring Kitty ETF "interesting"</h2>
Tuttle Capital’s CEO and Chief Investment Officer Matthew Tuttle recently said an ETF that tracks the stock picks of famed GameStop (GME) stock trader Keith Gill, known as “Roaring Kitty,” was an “interesting idea.”
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 Source: <a href="https://x.com/NateGeraci/status/1799966476520112343" target="_blank" rel="noopener nofollow">Nate Geraci&nbsp;</a>
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The idea was floated — more casually than anything — by The ETF Store president Nate Geraci, given his large following from the media and onlookers.&nbsp;
Magazine: <a href="https://cointelegraph.com/magazine/roaring-kittys-shares-1b-gme-rally-btc-open-interest-soars-hodlers-digest-june-2-8/">Roaring Kitty’s GME shares hit $1B, BTC open interest soars, and other news: Hodler’s Digest, June 2-8</a>

Tuttle Capital’s latest ETF aims to copy Congress’ stock picks

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