Will alien technology be a manufacturing differential in the near future? Should you be investing in it?
While many people are skeptical about the very existence of alien life – let alone the viability of utilizing alien tech – the folks at Tuttle Capital are making a big bet on it being a game-changer in the economy and in the markets.
Tuttle has filed with the SEC to invest in ‘reverse-engineered alien technology’ with the ‘Tuttle Capital UFO Disclosure AI Powered exchange traded fund’, which is one of eight new products the manager has registered, regulatory filings show.
Financial Times reported:
“With the ticker UFOD, the actively managed UFO Disclosure AI Powered ETF will invest at least 80 per cent of its net assets in a basket of companies that Tuttle Capital ‘believes have potential exposure to advanced or ’reverse-engineered’ alien technology, spurred by disclosures about UFOs and alleged advanced technologies’, the registration statement reads.
Those companies will include aerospace groups and defense contractors that may have research and development programs ‘rumored to work with classified technology, potentially leading to groundbreaking advancements’, the filing says.”
CEO of the company, Matthew Tuttle, has had an interest in UFOs for years.
He believes investing in UFO tech may be the smart move.
“’I’m a trader. I look at [UFOs] and I say that they’re using a power source that is light years beyond anything that we have. If our government has this technology and it’s released, that will be a game-changer’, he said.”
The ETFs will be traded on the Cboe BZX Exchange, but they do not yet have set launch dates.
“The ETF will short companies that are threatened or could be made obsolete because of any ‘alien-level’ technology that is discovered, its registration states.”
But Tuttle alerts that if information from government disclosures on UFOs are not forthcoming, the product might not go to market.
“’Government confirmation or denial of advanced alien tech is uncertain, and rumored breakthroughs might never materialize. This entire theme is highly speculative and subject to rumor cycles’, reads a paragraph in the registration statement on the speculative nature of the proposed ETF.”
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