Anthony Pompliano, the crypto investor and founder of Pomp Investments, is reportedly planning a suite of exchange-traded funds that would span Bitcoin, gold, guns, and mNAV discount strategies. The proposed funds would blend traditional and digital assets, giving investors a single lineup that touches everything from the oldest store of value to the newest. But the plans face real regulatory hurdles and market risks, and it's far from certain any of them will actually launch.
The proposed lineup
According to the report, Pompliano is looking at four distinct ETFs. One would track Bitcoin, the largest cryptocurrency. Another would hold physical gold. A third would focus on gun-related companies or firearms themselves — the details are thin. The fourth would target mNAV discount strategies, a niche approach that aims to profit from the gap between a closed-end fund's net asset value and its market price. That's a mouthful, and it's not the kind of product that typically gets a retail-friendly ETF wrapper.
Why the mix matters
The combination is unusual. Most ETF issuers stick to one asset class or theme. Pompliano's lineup would cut across crypto, commodities, and a controversial consumer sector. The idea, presumably, is to offer investors a way to hedge against inflation and currency debasement while also tapping into the growth of digital assets. Gold and Bitcoin are often pitched as inflation hedges, though they behave differently. Guns are a different story entirely — they're a bet on a specific industry, not a macro hedge.
Regulatory roadblocks
Getting any new ETF approved is a slog. The SEC has been cautious about crypto products, and it's been outright hostile to some. A gun-focused ETF would likely draw scrutiny from lawmakers and advocacy groups. And mNAV discount strategies are complex enough that the SEC might question whether retail investors understand them. Pompliano has been a vocal advocate for Bitcoin, but that doesn't make the approval process any easier. The report doesn't say whether formal filings have been submitted, so it's possible these are just early-stage ideas.
Market risks
Even if the ETFs get approved, they'd face real market risks. Bitcoin is volatile. Gold is steady but doesn't move much. Gun stocks are sensitive to regulation and public sentiment. And mNAV strategies can blow up if the discount widens unexpectedly. Blending all of these into a single product family doesn't reduce the risk — it just spreads it across four different bets. Investors would need to pick and choose, or buy all four, which defeats the purpose of a simple ETF.
The next step is a formal filing with the SEC, which would lay out the specifics of each fund. Until that happens, the plans are just talk. Pompliano hasn't commented publicly, and the report doesn't say when the filings might come. For now, the crypto community is watching to see if he can pull it off.
