A space-themed ETF that invests in ‘other-worldly’ opportunities just added UFO interference as a possible risk to fund performance

UFO
Still from a video showing a UFO filmed near San Diego in 2004, which was released by the Department of Defense in 2017

  • A space-focused ETF just added UFO interference as a possible risk to fund performance in its prospectus.
  • The ProcureAM Space ETF (ticker UFO) said flying objects could interfere with many of the satellite companies that the fund tracks.
  • The risk disclosure comes as a US government report on UFOs says it still can’t explain more than 140 sightings.
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A space-themed exchange traded fund just updated its prospectus to include a potential risk to fund performance: UFOs.

The manager behind the Procure Space ETF, which trades under the ticker UFO, said on Monday it added the unidentified aerial phenomena, or “UAP”, risk disclosure after top US intelligence and military officials released an report addressing numerous sightings of unexplainable objects.

The UFO ETF tracks companies involved in the space industry, including companies that use satellite technology which could be impacted by abnormal aerial activity.

“Given that currently there is no identification of these observed phenomena, it is possible that UAPs could create unintentional or deliberate operational, data security, ‘cyber’ and other interference with the operation of satellites and other objects in space,” the fund prospectus said. “Such activities could result in a significant adverse impact on the Fund’s securities, thereby causing the Fund’s investment in such portfolio securities to lose value and adversely affecting the Fund’s ability to fulfill its investment objectives.”

The $128 million AUM fund launched in 2019 and tracks an index that invests at least 80% of its net assets in companies that receive a majority of their revenue from space-related businesses. Along with satellite companies, the fund also holds space-based intelligence service companies, rocket operation companies, space hardware companies, and more.

Its fact-sheet entices investors with the promises of investing in “other-worldly” opportunities.

The ETF is up nearly 24% year-to-date.

“UFOs, once a figment of science fiction, have now captured mainstream attention and present legitimate national security concerns,” said Andrew Chanin, ProcureAM CEO and co-founder. “Whether originating from foreign adversaries or extraterrestrial activity, UAPs have potentially wide-reaching implications that we need to start taking seriously. We are truly just scratching the surface of what we know.”

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A former intelligence official says an upcoming government report will detail ‘difficult to explain’ UFO sightings

Director of National Intelligence John Ratcliffe
Former Director of National Intelligence John Ratcliffe.

  • A former intelligence official said the government is preparing to release a report on UFOs.
  • The report will detail UFO sightings, former National Intelligence Director John Ratcliffe said.
  • Many of the sightings are “difficult to explain,” he said, speaking to Fox News’ Maria Bartiromo.
  • See more stories on Insider’s business page.

A top intelligence official under former President Donald Trump said on Friday that the government plans to release a report declassifying numerous UFO sightings.

“There are a lot more sightings than have been made public,” former Director of National Intelligence John Ratcliffe told Fox News host Maria Bartiromo.

“Some of those have been declassified. And when we talk about sightings, we are talking about objects that have seen by Navy or Air Force pilots, or have been picked up by satellite imagery that frankly engage in actions that are difficult to explain,” he continued. “Movements that are hard to replicate that we don’t have the technology for. Or traveling at speeds that exceed the sound barrier without a sonic boom.”

Ratcliffe’s remarks come months after the Pentagon released three videos of “unidentified aerial phenomena” – more commonly referred to as UFOs – after years of speculation about them.

The videos, captured on Navy aircraft cameras with infrared targeting systems, show black shapes floating and sometimes accelerating at incredible speeds against the wind as baffled pilots watch.

Former Sen. Harry Reid, who funneled $22 million into the government’s UFO investigations, said in a tweet that the Pentagon’s release of the videos “only scratches the surface” of what the government has on file.

flir gimbal gofast pentagon releases ufo videos
Left to right, stills from FLIR, GIMBAL and GOFAST videos released by the Pentagon of unidentified aerial phenomena

“The U.S. needs to take a serious, scientific look at this and any potential national security implications,” Reid said. “The American people deserve to be informed.”

Ratcliffe said Friday there have been reports of sightings “all over the world.”

“When we talk about sightings, the other thing I will tell you is, it’s not just a pilot or just a satellite, or some intelligence collection,” Ratcliffe continued. “Usually we have multiple sensors that are picking up these things, and so again some of these are just unexplained phenomenon, and there is actually quite a few more than have been made public.”

Ratcliffe also added that intelligence officials try to look for a “plausible explanation” behind all unidentified flying aircrafts. But sometimes, he said, officials aren’t able to justify their presence.

“Weather can cause disturbances, visual disturbances,” he said. “Sometimes we wonder whether or not our adversaries have technologies that are a little bit further down the road than we thought or that we realized. But there are instances where we don’t have good explanations for some of the things that we have seen.”

The Pentagon is expected to release the report by June 1, Bartiromo said during the interview.

The Department of Defense did not immediately return Insider’s request for comment.

Additional reporting by Mia Jankowicz

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