From ETF.com, February 8:
ETF Bets on Alien Tech With UFO Disclosure Strategy
A new actively managed ETF is positioning for a hypothetical “Disclosure Day,” when UFO enthusiasts believe the U.S. government could reveal evidence of non-human technology.
One of the strangest ETFs to ever hit the market, the Tuttle Capital UFO Disclosure ETF (UFOD) aims to invest in companies that it says could benefit from “advanced or reverse-engineered alien technology.”
Yes, really.
Launched this week, UFOD is an actively managed ETF with a 0.99% expense ratio, and it leans heavily into the growing cultural and political attention around UFOs, now more commonly referred to as unidentified anomalous phenomena, or UAPs.
“Unidentified anomalous phenomena are now addressed through official government reports, congressional hearings, and statutory reporting requirements,” the issuer says on the fund’s website.
That much is true. In 2022, Congress held its first public hearings on UFOs in more than half a century, and some former intelligence officials have testified that they’ve observed unidentified anomalous phenomena. One official went further, alleging the existence of highly classified government programs involving recovered non-human technology.
The Disclosure Day Thesis
The issuer frames these developments as building toward what UFO enthusiasts commonly refer to as “Disclosure Day,” the hypothetical moment when the U.S. government formally acknowledges the existence of non-human intelligence and releases what it knows about recovered technology.
The concept has circulated for decades in UFO and conspiracy-theory communities and has increasingly entered the cultural mainstream. There’s even a science-fiction movie from Steven Spielberg titled Disclosure Day slated for release later this year.
UFOD is designed to position for what the fund calls the spillover effects of such a disclosure. The ETF seeks exposure to industries it believes would receive a surge of funding and new technology in the aftermath of a government confirmation.
The strategy does not generally assume companies already possess such technology, instead focusing on which companies could benefit following a disclosure (though the prospectus does reference rumors of classified R&D work at certain contractors).Long, Short, and AI-Driven
According to the prospectus, the fund invests in companies that “might have R&D programs rumored to work with classified technology, potentially leading to groundbreaking advancements,” as well as firms that could benefit from new energy sources or metamaterials inspired by non-human technology. It also targets companies involved in detection and counter-UAP systems, such as advanced sensor platforms.
UFOD can also use swaps and short positions to bet against companies it believes could be made obsolete by “alien-level” technological breakthroughs. These include “conventional propulsion firms and old-guard energy providers that might lose ground to advanced technologies.”
Company selection is guided by an AI-driven ranking system that scores firms based on their potential to benefit from, or be disrupted by, advanced alien technology, though the portfolio manager retains discretion to override the model.....
....MUCH MORE
UFOD comes from Tuttle Capital, which has a history of launching provocative ETFs. The firm previously rolled out the Tuttle Inverse Cramer Tracker ETF (SJIM), which attempted to short stocks recommended by CNBC personality Jim Cramer. That fund, like this one, relied heavily on manager discretion, and was eventually shuttered amid a lack of demand and poor performance.
Tuttle is also behind the proposed Tuttle Government Grift ETF (GRFT), which has reportedly struggled to come to market after major exchanges, including the NYSE and Nasdaq, declined to list it.
For more info see: https://www.thetruthisoutthereufod.com/
