Connecticut-based advisory entity Tuttle Capital Management finalized submission for a preliminary prospectus with the US SEC for two new ETFs related to betting against investment tips from Jim Cramer.

Specifically, Cramer is currently the host of CNBC’s Mad Money and has turned into a widely known meme across the crypto and stock community, who has a belief of having an uncanny knack for offering investment tips that generated way off the mark results.

In association with crypto, one of Cramer’s most notable tips was to purchase Coinbase stock when it was “cheap” at $248 in August last year. Since then, COIN has been on a collapsing trend and currently stays at $72.97 at the time of writing.

As revealed via Oct. 5 preliminary prospectus SEC filing, if approved, Tuttle Capital Management would launch a short ETF named Inverse Cramer ETF (SJIM) and a long ETF called Long Cramer ETF (LJIM).

The firm further noted in the filing that the goal of investment is to offer investment outcomes “that are approximately the opposite of, before fees and expenses, the results of the investments recommended by television personality Jim Cramer.”

In order to choose the weighting of every ETF, Tuttle Capital Management will essentially select the opposite position of whatever Cramer publicly picks on CNBC or Twitter. 

Nonetheless, it will be entirely stock-based and not include crypto assets.

“Under normal circumstances, at least 80% of the Fund’s investments is invested in the inverse of securities mentioned by Cramer,” the filing reads.

Regardless of the apparent novelty and absurdity of the filing, Bloomberg senior ETF analyst Eric Balchunas was unsurprised by the move, highlighting on Twitter that he had tipped such a thing to occur back in February.