An ETF for Alien UFO's?
Tuttle Capital Management, known for pushing the boundaries of the ETF market, has filed a prospectus with the SEC to launch several new ETFs, some of which are fairly standard while others are more unconventional.
The new ETFs include:
- AI Power Generation ETF, which invests in companies supporting electricity generation and infrastructure for AI.
- AI in Healthcare ETF, focused on businesses deriving at least 50% of revenue from AI-driven healthcare technologies.
- UFO Disclosure AI-Powered ETF, which aims to invest in companies with potential exposure to advanced or “reverse-engineered” alien technology, including defense contractors, energy firms, and semiconductor companies.
The UFO Disclosure ETF (ticker: UFOD) is particularly speculative, using an AI model to evaluate stocks based on ties to classified contracts, patents related to exotic materials, and news sentiment on alien-technology spinoffs. It plans to take long positions on companies expected to benefit and short positions on those deemed at risk from potential UFO-inspired technological advancements.
While the AI-related ETFs are seen as reasonable, the UFO ETF is more controversial. The fund is set to launch on April 21, and it is expected to generate significant discussion in the coming months.
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