Bloomberg ETF analyst Eric Balchunas said the funds join a growing prediction market ETF race, with each product designed to track one party’s election performance.
HedgeEye has introduced Democratic and Republican prediction ETFs tied to U.S. federal elections, marking a new entry in the prediction market ETF segment. Bloomberg ETF analyst Eric Balchunas said on X that each ETF will continuously track the election performance of its respective party in U.S. federal contests. The launch adds to a broader race to package political forecasting into exchange-traded fund products.