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Tuttle Capital said the fund would select Congresspeople to follow based on the historical performance of their investment returns, the committees on which they serve and their seniority. It also floated a 0.75% management fee.

It follows similar Congress stocking-tracking ETFs from Subversive Capital Advisors, which launched the Unusual Whales Democratic ETF (NANC) and Unusual Whales Republican ETF (KRUZ) in February 2023 — which are up 17% and 8% so far this year, respectively, compared to the S&P 500’s 12.7% return over the same time, according to Yahoo Finance and MarketWatch.

Tuttle Capital is no stranger to unique ETF proposals.

In 2022, it filed for two ETFs centered around the investment tips from CNBC Mad Money host Jim Cramer.

One bet against his investment tips, the “Inverse Cramer ETF,” and the other took an opposite strategy, the “Long Cramer ETF.”

Related: Bitcoin ETFs sucked up 2 months of BTC mining supply in first week of June

The ETFs didn’t last long. The Long Cramer ETF only traded for about five months before being shuttered, while the Inverse Cramer ETF lasted around 11 months.

In January, Tuttle Capital also filed for six proposed leveraged and inverse Bitcoin (BTC) ETFs, which could offer “magnified” returns from a spot Bitcoin ETF, though none of these ETFs are currently listed on Tuttle Capital’s website as “current T-REX strategies.”