Want To Mimic What Stocks The US Buys? There May Be An ETF Soon

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Wall Street is riding this era of American state capitalism — tracking it, packaging it and offering it back to investors through a new ETF.

Roundhill Financial Inc. has submitted paperwork to launch an exchange-traded fund that would replicate the US government’s capital allocation strategy. The move comes as federal officials take an increasingly direct role in markets under Donald Trump’s industrial strategy: acquiring equity stakes in strategic sectors, tying conditions to public funding and asserting influence over corporate decisions.

If approved by the US Securities and Exchange Commission, which is currently affected by the shutdown, the Roundhill USA Government Portfolio ETF (proposed ticker: USA