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It’s happened: Someone’s filed for Cramer ETFs with the SEC
Connecticut-based advisory firm Tuttle Capital Management has submitted a preliminary prospectus filing with the U.S. Securities and Exchange Commission (SEC) for two new exchange traded funds (ETFs) centered around betting against the investment tips from Jim Cramer. Since then COIN has continued to collapse, and sits at $72.97 at the time of writing. The company notes in the filing that the investment objective is to provide investment results “that are approximately the opposite of, before fees and expenses, the results of the investments recommended by television personality Jim Cramer.” Given some of the stuff that has been tried with ETFs this isn't [a] big stretch. And ETFs tied to big personalities not unprecedented eg $SARK $TSLQ pic.twitter.com/Dsx5aYDmk8 — Eric Balchunas (@EricBalchunas) October 5, 2022 Individual traders have already tried a similar method, with Cointelegraph reporting in August that Twitter-famous crypto trader AIgod had doubled his “Inverse Cramer” portfolio in a month to more than $100,000 purely through trading against Cramer’s tips. “So if ARKK is down a percent, we’ll be up somewhere around a percent, and if [ARKK] is up a percent, we’ll be down somewhere around a percent” he said. Source: Cointelegraph #ETFs
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