CNBC’s Jim Cramer prodded his countless non-believers on Friday with a challenge: play against him. He dares you.
Cramer boasted to Crypto Twitter that he has removed himself from Bitcoin and Ethereum and bought a farm and a boat with the proceeds. He then cajoled doubters of his crypto market analysis to go all in on their anti-Cramer positions.
Soon these doubters may be able to do just that.
According to one SEC Filing as of earlier this week, Tuttle Capital Management filed to launch two exchange-traded funds — the Inverse Cramer ETF (SJIM) and the Long Cramer ETF (LJIM) — that would pit an investor’s funds against the outspoken TV personality. gives advice on his CNBC show “Mad Money”, and via his Twitter account.
“The Fund is an actively managed exchange-traded fund that seeks to achieve its investment objective by engaging in transactions designed to perform the opposite of the investment returns recommended by television personality Jim Cramer (“Cramer”),” the SEC filing said. “Under normal circumstances, at least 80% of the fund’s investments are invested in the opposite of the securities mentioned by Cramer.”
The history of the relationship between Cramer and Crypto Twitter is long and storied. Once an ardent crypto bull who said it was “almost irresponsible” not buying Bitcoin, Cramer had a 180-degree changed their mind once the crypto markets crashed earlier this year.
On Twitter, apparent patterns of Cramer’s financial advice led perfectly back to the emergence of a parody account titled “Inverse Cramer ETF,” which would rejoice when Cramer’s forecasts turned out to be precisely wrong.
As Cramer developed growing skepticism about crypto assets in the wake of May’s crypto crash, the TV host began amassing an ironic following on Crypto Twitter, with users jokingly — or perhaps not — suggesting that as long as Cramer continued to bash crypto, there was hope. for the market.
Cramer’s statement today may have been some form of acknowledgment of the lack of respect his financial advice is now generally given online, and potentially of his awareness of a potential pool of publicly traded, anti-Cramer financial products.
As one Twitter user claimed, what “Startup”-level event would occur if Cramer ever became bullish on Inverse Cramer?
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