With their relationship to other organisms being unknown, they are an example of the incertae sedis, or "enigmatic taxa".
Obelisks have been found in human stool samples, and inside specimens of Streptococcus sanguinis, a species of bacteria, taken from human mouths. Some human subjects harboured obelisks for more than 300 days. The initial study showed the presence of obelisks in about 7 percent of the stool samples, and about 50 percent of saliva samples, from individuals living on all continents.
The effect of obelisks on human health, if any, is yet to be determined, as are issues such as their life cycles, and what factors their replication depend on.
Features of obelisks include circular RNA genome assemblies with around 1000 base pairs, and rod-like secondary structures that encompass the entire genome. In contrast to viroids, their RNA is translated into proteins, tentatively called "oblins" in the preprint. The two proteins listed there have been named Oblin-1 and Oblin-2.
First structural predictions say that Oblin-1 can bind metal ions and thus could be involved in cellular signalling. Oblin-2 features a binding site which is typical of protein complexes, and might therefore bind to enzymes of its host cell.
The preprint says: "Owing to a strong predicted rod-like secondary structure, we term this group of RNAs Obelisk-alpha."... "At 1164 nt in length, the rod-like secondary structure was striking..." (Secondary with respect to the circular assembly structure.)