Quick breakdown
- Tuttle Capital’s Government Grift ETF (GRFT) may launch Friday, tracking trades by U.S. lawmakers and Trump-linked firms.
- Trump’s crypto holdings and affiliations could bring Bitcoin and other tokens into the ETF’s scope.
- SEC’s new generic listing standards pave the way for faster approval of upcoming crypto ETFs.
Tuttle Capital Management is preparing to roll out a first-of-its-kind fund that mirrors the trading activity of U.S. lawmakers and companies closely tied to President Donald Trump. Bloomberg ETF analyst Eric Balchunas noted the Tuttle Capital Government Grift ETF (ticker: GRFT) could debut as early as Friday, following the Securities and Exchange Commission’s decision to make Tuttle’s registration filing effective on October 3.
Looks like the Government Grift ETF could be out later this week pic.twitter.com/TaKQUaHThm
— Eric Balchunas (@EricBalchunas) September 29, 2025
How the ETF will work
Filed earlier this year, GRFT is designed to monitor transactions disclosed under the STOCK Act. It will focus on trades made by members of Congress, their spouses, and businesses with political or presidential influence. Eligible companies could include those with executives linked to the White House or firms that receive public praise from the president.
The ETF aims to hold 10 to 30 securities, with allocations reflecting both congressional trading activity and the perceived impact of Trump’s endorsements.
Trump’s crypto connections could play a role
Trump’s ties to the digital asset sector may bring crypto exposure into GRFT’s portfolio. His media venture, Trump Media & Technology Group (NASDAQ: DJT), holds 15,000 Bitcoin valued at $1.7 billion, while Truth Social has been associated with spot crypto ETF filings.
Other Trump-linked ventures include American Bitcoin Corp (NASDAQ: ABTC), a Bitcoin mining firm supported by the Trump family, and World Liberty Financial, a crypto platform tied to $5 billion worth of WLFI tokens.
The president has also been linked to Trump-themed memecoins, including one in his name and another in Melania Trump’s, both launched around his inauguration.
Tuttle’s crypto ETF lineup expands
Tuttle Capital is no stranger to digital asset products. The firm already operates leveraged crypto exchange-traded products (ETPs) targeting XRP, Solana, Litecoin, and Chainlink, among others.
Meanwhile, the SEC has recently approved generic listing standards for crypto ETFs, a move that analysts say will accelerate future approvals beyond existing spot Bitcoin and Ether ETFs. Balchunas noted this effectively raises the likelihood of additional spot crypto ETFs being cleared to “100%.”
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