Tortoise Files ETF Tracking U.S. Wholesale Electricity Futures

The Tortoise ICE® U.S. Power Index ETF will track the ICE U.S. Power Total Return Index, offering investors exposure to the U.S. wholesale electricity market through electricity futures contracts and swaps. The index follows futures across six major U.S. power regions, weighted by electricity demand and rolled continuously along a 12-month forward curve. Structured through a Cayman subsidiary, the fund would provide a novel way to access power-market price trends, reflecting growing investor interest in electricity demand driven by AI data centers, electrification, and grid infrastructure growth.