A new ETF called FOMO aims to invest in market trends including SPACs, derivatives, and volatility

• FOMO, an ETF that aims to invest in current or emerging trends, was filed with the SEC Wednesday.
• The ETF will primarily invest in everything from emerging companies of any market cap to SPACs.
• The filing also mentions Fat Tail Risk ETF, a more conservative fund, that focuses on gold and Treasuries.
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A new exchange-traded fund may be the answer to investors' fears of missing out as trends and online sentiments reshape markets on a near-daily basis.

An ETF called FOMO, which aims to invest in current or emerging trends, was filed with the US Securities and Exchange Commission Wednesday, intending to alleviate investors' fears of missing the next big thing.

The ETF from the Collaborative Investment Series Trust will primarily invest in everything from emerging companies of any market capitalization to SPACs, to equity ETFs, fixed income ETFs, volatility and inverse volatility ETFs, among others.

The fund, advised by Connecticut-based Tuttle Tactical Management LLC, will follow "a proprietary tactical model" in managing assets. The model, the filing says, will evaluate "market trends in various asset classes across different time frames." It adds that frequent trading can result "in a high portfolio turnover rate."

If approved, FOMO will join a list of growing ETFs that have recently debuted to cater to the growing appetite of investors, particularly younger and newer retail traders, following the GameStop mania driven by Reddit's Wall Street Bets forum in January.

The VanEck Vectors Social Sentiment ETF, an ETF that follows stocks trending online, first traded publicly early in March. Endorsed by Barstool Sports founder Dave Portnoy, it trades under the ticker BUZZ.

If FOMO lacks appeal, the same filing also mentions the Fat Tail Risk ETF, a more conservative fund, that focuses on gold and Treasuries, among other investments.