It Happened: Someone Filed a Cramer ETF with the SEC

Tuttle Capital Management is hoping for a short ETF called Inverse Cramer ETF (SJIM) and a long ETF called Long Cramer ETF (LJIM).< /p > New

Connecticut-based advisory firm Tuttle Capital Management has filed a preliminary prospectus with the U.S. Securities and Exchange Commission (SEC) for two new exchange-traded funds (ETFs) focused on betting against Jim Cramer's investment advice.< /p>

Cramer is the host of CNBC's Mad Money and has become a popular meme in the crypto and trading community, who believe he has an uncanny knack for giving investment advice that ends up being far from reality .

When it comes to crypto, one of Cramer's most notable tips was to buy Coinbase shares when they were "cheap" at $248 in August of last year. Since then, COIN has continued to tumble and sits at $72.97 at the time of writing.

It's Finally Happened: Cramer ETFs

Inverse Cramer ETF $SJIMLong Cramer ETF $LJIMEf dec. 19

20-25 equally weighted stocks/ETFs based on Cramer's Twitter and TV recommendations and market views. Positions are closed if Cramer has no view and once profit targets are met.https://t.co/ZvA5G2zoTX pic.twitter.com/tY9yBMt15s

According to the preliminary prospectus filed with the SEC on October 5, if approved, Tuttle Capital Management would launch a short ETF called the Inverse Cramer ETF (SJIM) and a long ETF called the Long Cramer ETF (LJIM).

The company notes in the filing that the investment objective is to provide...