Tuttle Capital Launches Memory Stack Income ETF With 0.95% Fee, Weekly Distributions
DRMP•Tuttle Capital launched the Memory Stack Income Blast ETF with a 0.95% fee, combining a concentrated equity portfolio of memory semiconductor companies and systematic put credit spreads to deliver weekly distributions. The fund will invest at least 80% of assets in firms deriving over 25% revenues from memory technologies.
1. Launch and Investment Objective
Tuttle Capital’s Memory Stack Income Blast ETF began trading on CBOE with a 0.95% management fee and aims to generate current income through weekly distributions. The fund pairs a concentrated portfolio of memory semiconductor equities with a systematic put credit spread strategy to collect net option premiums.
2. Memory Stack Equity Strategy
Under normal market conditions, at least 80% of the fund’s net assets will be allocated to “pure play” memory stack companies—those deriving at least 25% of revenues from DRAM, NAND flash, high-bandwidth memory, advanced packaging, and chiplet-based architectures. Holdings may include U.S. and developed non-U.S. firms across the memory semiconductor ecosystem.
3. Systematic Put Credit Spread Strategy
The ETF employs a put credit spread overlay by selling put options and buying lower-strike puts on memory and broader semiconductor securities, ETFs, or indexes. Net premiums collected from these recurring spreads serve as the primary income source, though the strategy does not hedge against market declines and may result in losses.
