Blue Tractor Group has filed an application with the SEC for approval of a new type of exchange traded fund called a Shielded Alpha ETF. This proposed structure would incorporate the benefits of a transparent actively managed ETF while completely shielding the fund's portfolio holdings and trading strategy to prevent reverse engineering. The filing aims to address concerns around pricing, hedging, and compliance with the Investment Company Act. If approved, the Shielded Alpha ETF would offer active managers a way to provide their strategies to investors within an ETF structure.