Weekly ETF Industry News Recap | May 25 - May 29, 2026

ETF Weekly Update (May 25 - May 29): New launches, fund moves, and filings shape a dynamic week across U.S., Europe, and Canada.

United States ETF Industry News

ETF Launches - Equities

Tuttle Capital Launches FOTO ETF Targeting Pure-Play Photonics Companies

Tuttle Capital has launched the Tuttle Capital Pure Play Photonics ETF (FOTO), an actively managed ETF targeting companies whose core businesses are tied to photonics technologies such as optical communications, lasers, LiDAR, imaging, and optoelectronics. The fund generally requires companies to derive at least 50% of revenue or profits from photonics-related activities but allows flexibility to include firms expected to reach that threshold. FOTO is expected to emphasize small- and mid-cap companies and may provide concentrated exposure to technology, semiconductor, industrial, and defense-related photonics innovators.

Hedgeye Launches ADDS ETF Targeting Index Inclusion Trades

Hedgeye Asset Management has launched the Hedgeye Index Adds ETF (ADDS), an actively managed strategy designed to capitalize on stocks expected to be added to major U.S. equity indexes. Using proprietary machine learning models, the ETF identifies companies likely to join benchmarks such as the S&P 500, Nasdaq 100, and S&P mid- and small-cap indexes before passive fund buying occurs. The portfolio typically holds around 40 stocks and exits positions once index inclusion takes effect, aiming to capture flows-driven price appreciation.

XFUNDS Launches FITZ ETF Built Around ‘Must-Have’ Companies

XFUNDS by Nicholas Wealth has launched the Fitz-Gerald Must Have Portfolio ETF (FITZ), an actively managed thematic ETF based on investor Keith Fitz-Gerald’s long-running “Must Have Portfolio” strategy. The fund will hold 20–30 high-conviction stocks selected using Fitz-Gerald’s proprietary “5D’s” framework focused on digitalization, defense, distribution, dislocation, and diffusion. FITZ is designed as a concentrated long-term core equity strategy targeting companies positioned to benefit from major structural economic shifts.

Baron Capital Launches Risk-Managed Large-Cap Growth ETF (BROL)

Baron Capital has launched the Baron Risk Optimized Large Cap ETF (BROL), an actively managed fund targeting institutional investors seeking large-cap growth exposure with tighter risk controls. Managed by technology investor Michael Lippert, the ETF combines Baron’s fundamental stock-picking approach with a portfolio construction framework focused on low tracking error, lower volatility and more consistent relative performance. The launch expands Baron’s ETF lineup as demand grows for actively managed growth strategies with institutional-style risk management.

Direxion Launches 2X Leveraged Bitcoin, Ether, Gold and Silver ETFs

Direxion has launched four new leveraged ETFs offering 2x daily exposure to spot Bitcoin, Ether, gold and silver markets. The lineup includes BTCU, EVMU, UGLD and USLV, marking the firm’s expansion beyond equities into digital assets and precious metals. Direxion said the Bitcoin and Ether funds are the first leveraged ETFs to provide pure swap-based spot exposure to crypto assets, while the gold and silver products target traders seeking amplified exposure to macro trends such as central bank buying, inflation expectations and commodity momentum.

Defiance Launches First 2X Leveraged ETF on One Stop Systems

Defiance ETFs has launched the Defiance Daily Target 2X Long OSS ETF (OSSL), the first leveraged ETF tied to One Stop Systems. The fund seeks to deliver 200% of the daily performance of OSS, a maker of high-performance computing and AI systems used in defense, aerospace and autonomous applications. The launch expands the growing market for niche single-stock leveraged ETFs, giving traders amplified exposure to a small-cap AI infrastructure and edge computing company.

GraniteShares Launches Autocallable ETFs for Super Micro and MARA

GraniteShares has launched the GraniteShares Autocallable SMCI ETF (SCA) and GraniteShares Autocallable MARA ETF (MRA), expanding its single-stock structured-income ETF platform. The funds use portfolios of autocallable instruments tied to Super Micro Computer and MARA Holdings, aiming to generate monthly income from the elevated volatility of AI infrastructure and bitcoin-related equities. GraniteShares said the ETFs provide investors with exchange-traded access to autocallable strategies that have traditionally been available mainly through structured notes.

REX Shares Launches 2x Leveraged ETF on T1 Energy

REX Shares and Tuttle Capital Management have launched the T-REX 2X Long TE Daily Target ETF (TEUP), a leveraged single-stock ETF designed to deliver 200% of T1 Energy’s (NYSE: TE) daily performance. T1 Energy is building a U.S.-based solar and battery supply chain, including a 5GW solar module facility in Texas and a planned second manufacturing site. The launch expands REX and Tuttle’s T-REX lineup of leveraged and inverse ETFs, offering traders amplified exposure to the clean energy manufacturer.

Tradr Launches 2x Leveraged Bull and Bear Cerebras ETFs

Tradr ETFs has launched two leveraged single-stock ETFs tied to Cerebras Systems (CBRS): the Tradr 2X Long CBRS Daily ETF (CBRX) and the Tradr 2X Short CBRS Daily ETF (CBRZ). The funds seek to deliver 200% and -200% of Cerebras' daily performance, respectively. Tradr said strong investor interest following Cerebras' high-profile 2026 IPO and the growing AI infrastructure theme have created trading opportunities for both bullish and bearish investors seeking amplified exposure without using margin or options.

Tradr Launches 2x Leveraged ETFs on Microchip, NXP, and ON Semi

Tradr ETFs has launched three first-to-market leveraged single-stock ETFs tied to semiconductor companies Microchip Technology, NXP Semiconductors, and ON Semiconductor. The new funds — MCHU, NXPX, and ONX — seek to deliver 200% of the daily performance of their respective underlying stocks. Tradr said the products expand its semiconductor ETF lineup as investors increasingly focus on chipmakers tied to AI infrastructure, automotive electronics, and industrial semiconductor demand.

ETF Launches - Fixed Income

American Century Launches ASEC ETF Focused on Securitized Credit Markets

American Century has launched the American Century Securitized Credit ETF (ASEC), an actively managed fund investing primarily in investment-grade securitized debt across non-traditional asset-backed sectors. The ETF targets areas such as aircraft leases, equipment financing, consumer loans, cell towers, and digital infrastructure, while also allocating to mortgage-backed securities and CLOs. Managed with a duration typically below five years, ASEC combines fundamental research, quantitative models, and selective derivatives use to identify opportunities across securitized credit markets.

ETF Launches - Cryptocurrency

VanEck Launches First U.S. Spot BNB ETF

VanEck has launched the VanEck BNB ETF (VBNB), the first U.S.-listed spot ETF providing direct exposure to BNB, the native token of the BNB Chain ecosystem. The fund is physically backed by BNB held in cold storage and gives investors access to one of the largest blockchain networks by transaction volume and daily active users. VanEck highlighted BNB’s strong on-chain activity, stablecoin ecosystem, and deflationary token structure as key drivers behind the launch.

ETF Launches - Other

J.P. Morgan Launches ETF Combining Managed Futures and U.S. Equities

J.P. Morgan has launched the JPMorgan Managed Futures Plus ETF (JPFP), an actively managed strategy combining managed futures trading with broad U.S. large-cap equity exposure. The fund uses derivatives, including futures, swaps, and options, to take long and short positions across equities, fixed income, commodities, and currencies while simultaneously maintaining exposure to U.S. stocks. JPFP also utilizes a Cayman subsidiary for commodity-linked investments, positioning the ETF as a liquid alternative strategy designed to diversify traditional stock-and-bond portfolios.

ETF Updates & Changes

Simplify Renames Gold ETF and Expands Gold Exposure Tools

Simplify has renamed the Simplify Gold Strategy PLUS Income ETF (YGLD) to the Simplify Gold Strategy ETF and expanded the range of instruments it may use to gain gold exposure. In addition to existing strategies, the fund can now invest in both gold exchange-traded products (ETPs) that hold physical gold and gold ETFs that gain exposure through futures, options, and other derivatives. The update broadens the fund’s flexibility in seeking gold-related returns while introducing additional risks and costs associated with underlying ETP and ETF holdings.

Strive 500 ETF to Change Ticker Symbol to STXF

Strive Asset Management announced that the Strive 500 ETF will change its ticker symbol from STRV to STXF, effective June 8, 2026. The change affects only the fund’s trading symbol, with no indication of changes to the ETF’s investment objective, strategy, or portfolio. Investors holding or trading the fund should use the new ticker beginning on the effective date.

KraneShares Expands Emerging Markets Tech ETF to Include Private Companies

KraneShares will rename the KraneShares Emerging Markets Consumer Technology Index ETF to the KraneShares Public-Private Emerging Markets Internet and Technology ETF effective August 1, 2026. The fund’s strategy will expand beyond public equities to invest approximately 10% of assets in private emerging-market internet and technology companies, including potential pre-IPO businesses. The ETF will continue to focus on leading technology and internet firms across markets such as China, South Korea, Taiwan, India, and Brazil, while shifting its objective to long-term capital growth and introducing additional risks associated with private-company investments and valuation.

TappAlpha Cuts Fees on S&P 500 Growth & Income ETF (TSPY)

TappAlpha has lowered the total annual operating expenses for its TappAlpha S&P 500 Growth & Daily Income ETF (TSPY) to 0.71% from 0.77%, according to a new prospectus supplement. The update reflects a 0.68% management fee, with the adviser continuing to absorb most ordinary operating expenses. TSPY combines S&P 500 growth exposure with a daily income strategy, and the fee reduction could improve the fund’s appeal in the increasingly competitive equity income ETF market.

Franklin Templeton Seeks Shareholder Approval for Intelligent Machines ETF Policy Change

Franklin Templeton announced that the board of the Franklin Intelligent Machines ETF has approved a proposal to modify the fund’s fundamental industry concentration policy, subject to shareholder approval. Shareholders are expected to receive proxy materials in August 2026 outlining the proposed change and requesting their vote. If approved, the revised concentration policy is expected to take effect on or around November 1, 2026, with the fund’s prospectus and related documents updated accordingly.

iShares Rebrands Metals ETF Around AI and Industrial Themes

BlackRock is renaming the iShares Transition-Enabling Metals ETF (TMET) to the iShares Strategic Metals ETF (ISTM) and replacing its underlying index with the ICE Strategic Re-Industrialization Metals Index. The updated strategy shifts the fund’s focus from clean energy transition metals to metals tied to broader structural themes, including AI infrastructure, manufacturing, energy production and distribution, and national security. The new index will hold a basket of commodity futures linked to metals such as copper, aluminum, silver, nickel, zinc, and platinum, with weightings based on liquidity and global production.

ETF Liquidations

State Street and DoubleLine to Liquidate Emerging Markets Bond ETF

State Street Global Advisors and DoubleLine will close and liquidate the State Street DoubleLine Emerging Markets Fixed Income ETF following board approval. The fund will stop creating and redeeming shares after July 21, 2026, with its final trading day on July 22 and liquidation expected around July 27. As the portfolio is wound down, holdings will increasingly shift to cash and cash equivalents. Remaining shareholders will receive a cash distribution based on the fund’s net asset value, and the liquidation may result in taxable capital gains or losses.

YieldMax to Shut Down ABNB and Disney Income ETFs

YieldMax will liquidate the ABNB Option Income Strategy ETF (ABNY) and DIS Option Income Strategy ETF (DISO) after Tidal Investments and the funds’ board concluded closure is in shareholders’ best interests. Both ETFs will stop trading and close to new purchases after market close on June 15, 2026, with liquidation expected on or about June 18, 2026. During the wind-down period, the funds will raise cash and stop pursuing their investment strategies. Shareholders remaining at liquidation will receive cash distributions based on NAV, and the liquidation will generally be treated as a taxable event.

YieldMax to Liquidate FEAT and FIVY Income ETFs

YieldMax’s Dorsey Wright Featured 5 Income ETF (FEAT) and Dorsey Wright Hybrid 5 Income ETF (FIVY) will be liquidated after Tidal Investments and the board determined the funds lacked sufficient long-term viability. Both ETFs will stop trading and close to new purchases after market close on June 15, 2026, with liquidation expected on or about June 18, 2026. During the wind-down period, the funds will raise cash and cease pursuing their stated strategies. Remaining shareholders will receive cash distributions based on NAV, and the liquidation will generally be a taxable event.

Defiance to Liquidate 2x Long B and CVNA ETFs

The Defiance Daily Target 2X Long B ETF (BU) and Defiance Daily Target 2X Long CVNA ETF (CVNX) are set to liquidate following approval by the board of Tidal Trust II. Both funds will cease trading and stop accepting new purchases after market close on June 8, 2026, with liquidation expected on or about June 12, 2026. As the funds wind down, they will increase cash holdings and stop pursuing their investment objectives. Remaining shareholders will receive cash distributions based on net asset value, and the liquidation is expected to be a taxable event.

REX Shares and Osprey to Liquidate REX-Osprey ETH + Staking ETF in June

The REX-Osprey ETH + Staking ETF (ESK) will liquidate following board approval of a plan to close the fund, citing limited asset growth prospects, ongoing operating costs, and the adviser’s decision to end expense subsidies. The ETF is expected to liquidate on or about June 18, 2026, with creations ending and the fund delisting from Cboe BZX after market close on June 11, 2026. Remaining shareholders will receive cash distributions based on the fund’s net assets, and the liquidation is expected to be a taxable event for investors.

ETF Filings

Mulvihill Files Four New ETFs Focused on Split Shares, Banks, and Bonds

Mulvihill filed plans to launch four ETFs: Mulvihill Split Preferred Share ETF (PFRD), Mulvihill Split Capital Share ETF (ASHR), Mulvihill Canadian Bank ETF (MBNK), and Mulvihill Corporate Bond Fund (CORP). PFRD and ASHR will target Canadian split-share preferred and capital shares, respectively, while MBNK will focus on common shares of Canada’s Big Six banks and may use covered call and put option strategies. CORP will invest primarily in corporate bonds issued by Canadian and U.S. companies, expanding Mulvihill’s lineup across income, financial sector, and fixed-income exposures.

SoFi Files ETF Targeting the Robotaxi Ecosystem

The SoFi Robotaxi and Autonomous Vehicles ETF (CAB) will track the BITA Robotaxi Select Index, offering exposure to companies positioned to benefit from the commercialization of autonomous taxi services. The index includes robotaxi operators, self-driving software developers, AI driving technology firms, sensor and chip manufacturers, and providers of autonomous vehicle infrastructure and fleet management solutions. Constituents are selected based on revenue exposure or strategic involvement in the robotaxi ecosystem and weighted by free-float market capitalization. The index currently holds 21 companies, reflecting a focused bet on the growth of autonomous transportation.

SoFi Files ETF Focused on Blockchain Finance Infrastructure

The SoFi Blockchain Infrastructure ETF (SETL) will track the BITA Blockchain Infrastructure Select Index, which targets companies supporting the infrastructure behind on-chain finance rather than direct cryptocurrency exposure. The index includes firms involved in digital asset exchanges, blockchain payments, digital custody, stablecoin management, tokenization, and blockchain software. Constituents are selected based on revenue exposure or strategic involvement in blockchain-related activities and weighted by free-float market capitalization. The index currently holds 24 companies and is concentrated in the capital markets and financial services industries.

SoFi Files AI Infrastructure ETF Focused on Power Demand Boom

The SoFi AI Power Grid ETF (AMPZ) will track the BITA AI Power Select Index, targeting companies that provide the energy and infrastructure needed to support AI datacenters. The index includes firms involved in power generation, grid equipment, datacenter power management, and advanced cooling systems, with constituents selected based on revenue exposure or strategic involvement in the AI power ecosystem. The market-cap-weighted index currently holds 23 stocks and is concentrated in the electrical equipment industry, reflecting growing investor interest in the infrastructure underpinning AI expansion.

iShares Files Active ETF Focused on Global Robotics Leaders

The iShares Future Robotics and Related Technologies Active ETF will target robotics companies and related technology firms across the global automation value chain. The actively-managed fund will use a proprietary research framework to identify companies involved in robotics applications and enabling technologies, including automation, semiconductors, software, aerospace, machinery, and industrial systems. Unlike a traditional index ETF, the strategy relies on BlackRock’s active selection process, including company engagement and forward-looking assessments of growth potential, and may invest across market caps, geographies, IPOs, and emerging markets.

Defiance Targets Niche Helium and Industrial Gas Industry ETF

The Defiance Helium and Strategic Gases ETF would track the MarketVector Helium and Strategic Gas Index, providing focused exposure to companies involved in helium, industrial gases, cryogenics, and gas-related equipment and services. The index is highly concentrated, targeting just 10 stocks selected by thematic revenue exposure, size, and liquidity criteria, with quarterly rebalancing. The non-diversified fund may use swaps and options to replicate index exposure when direct ownership is impractical, reflecting the sector’s limited investable universe.

Putnam Plans Mortgage Opportunities Fund Conversion to Active Bond ETF

Putnam is seeking shareholder approval to convert the Putnam Mortgage Opportunities Fund from a mutual fund into an actively managed ETF in early 2027. The new ETF would shift away from its current mortgage-focused strategy toward a broader multi-sector fixed income approach spanning U.S. and international debt markets, including high-yield bonds, loans and inflation-linked securities. Franklin Advisers said the conversion could provide lower expenses, greater trading flexibility and increased portfolio transparency for investors.

Northern Trust Files Four Inflation-Linked Bond Ladder ETFs

Northern Trust has filed for the Northern Trust 2031 (TIPE), 2036 (TIPF), 2046 (TIPG), and 2056 (TIPH) Inflation-Linked Distributing Ladder ETFs. The funds will employ laddered bond strategies primarily invested in U.S. Treasury Inflation-Protected Securities (TIPS), with maturities extending through their respective terminal years. Assets will be allocated across multiple maturity “rungs,” and proceeds from maturing bonds will generally be distributed to shareholders rather than reinvested. Designed to provide inflation protection and periodic income and principal distributions, each ETF is expected to liquidate and return substantially all remaining assets upon reaching its designated terminal year.

Northern Trust Files Four Tax-Exempt Municipal Bond Ladder ETFs

Northern Trust has filed for the Northern Trust 2031 (MUNJ), 2036 (MUNF), 2046 (MUNG), and 2056 (MUNH) Tax-Exempt Distributing Ladder ETFs. The funds will employ laddered municipal bond strategies, investing primarily in investment-grade tax-exempt bonds with maturities extending through their respective terminal years. As bonds mature, the ETFs will distribute income and principal to shareholders rather than generally reinvesting proceeds into longer-dated bonds. Each fund is designed to provide a stream of tax-exempt distributions over time and is expected to liquidate and return substantially all remaining assets upon reaching its designated terminal year.

Northern Trust Files California Municipal Bond ETF

The Northern Trust California Tax-Exempt Bond ETF is an index-based ETF that would track an investment-grade California municipal bond index, offering exposure to bonds whose interest is generally exempt from both U.S. federal and California state income taxes. The fund would invest primarily in investment-grade municipal securities issued by California state and local governments, focusing on bonds with remaining maturities of less than 15 years. Managed using a representative sampling approach, the ETF seeks to closely track its benchmark while maintaining a maturity profile similar to the underlying index. The fund may also utilize futures, options, and cash management instruments to support efficient index tracking.

Northern Trust Files New York Municipal Bond ETF

The Northern Trust New York Tax-Exempt Bond ETF is an index-based ETF that would track an investment-grade New York municipal bond index, providing exposure to bonds whose interest is generally exempt from both U.S. federal and New York state income taxes. The fund would primarily invest in New York state and local government debt with investment-grade ratings and remaining maturities of less than 15 years. Using a representative sampling approach, the ETF aims to closely track its underlying index while maintaining a maturity profile similar to the benchmark. The fund may also use futures, options, and cash management instruments to support index tracking.

xETFs Files Korea AI Semiconductor ETF and 2x Leveraged Version

xETFs has filed for the xETFs Korea AI Semiconductor ETF and the xETFs 2x Long Daily Korea AI Semiconductor ETF. The actively managed core fund will invest in 10–25 Korean semiconductor and AI infrastructure companies spanning memory chips, equipment, materials, and packaging. The leveraged version will seek 2x the daily performance of the underlying ETF using swaps and other derivatives. Both filings aim to capitalize on South Korea’s growing importance in the global AI semiconductor supply chain.

State Street Files ETF Tracking UC Investments’ 90/10 Endowment Strategy

The State Street® SPDR® UC Investments 90/10 Endowment Strategy Index ETF is designed to track the UC Investments 90/10 Endowment Strategy Index, which combines a 90% allocation to U.S. large-cap equities and a 10% allocation to short-term investment-grade corporate bonds. The index uses the S&P 500 for equity exposure and the S&P U.S. Investment Grade Corporate Bond 1–3 Year Index for fixed income exposure, with quarterly rebalancing back to the 90/10 target. The ETF will primarily use a sampling approach rather than fully replicating the index and may employ derivatives such as futures and credit default swaps to help track performance and manage cash flows.

XFUNDS by Nicholas Wealth Files Treasury-Bill Alternative ETF Using Box Spreads

The XFUNDS 1-3 Month BOX ETF is designed to match or outperform short-term U.S. Treasury bill returns using options-based “Box Spread” strategies. The actively-managed fund will employ combinations of long and short European-style options, primarily tied to broad equity indexes like the S&P 500, to create fixed-income-like returns with maturities generally under 90 days. The strategy aims to generate cash-management yields through derivatives rather than direct bond holdings, positioning the ETF as an alternative short-duration income vehicle.

Sequoia Files Global Equity ETF With Multi-Sleeve Strategy

Sequoia Financial Group has filed for the Sequoia Select Global Equity ETF (SFGS), an actively managed global equity strategy that combines individual U.S. stocks, U.S. equity ETFs, and international equity ETFs. The fund will allocate across these sleeves based on macroeconomic views and long-term investment themes including artificial intelligence, defense & space, online advertising, and energy transition. The strategy seeks broad exposure to domestic and international markets while maintaining a majority allocation to U.S. equities.

Sequoia Files SMID-Cap ETF Targeting Thematic Opportunities

Sequoia Financial Group has filed for the Sequoia Select SMID ETF (SFSM), an actively managed strategy investing in small- and mid-cap U.S. companies, generally with market capitalizations between $2 billion and $20 billion. The fund seeks opportunities across both growth and value stocks using a thematic framework centered on trends such as artificial intelligence, defense & space, online advertising, and energy transition. The strategy combines macroeconomic analysis with company-specific research and is designed for relatively low portfolio turnover.

Sequoia Files Large-Cap Growth ETF Focused on Secular Trends

Sequoia Financial Group has filed for the Sequoia Select Large Growth ETF (SFLG), an actively managed fund targeting large-cap companies with strong earnings growth potential. The strategy combines top-down economic views with bottom-up company analysis, emphasizing businesses expected to benefit from long-term themes such as artificial intelligence, defense & space, online advertising, and energy transition. The portfolio will focus on companies with durable competitive advantages and attractive growth prospects.

Sequoia Files Large-Cap Core ETF Centered on Long-Term Themes

Sequoia Financial Group has filed for the Sequoia Select Large Core ETF (SFLC), an actively managed large-cap U.S. equity strategy that blends growth and value investing. The fund will use a combination of macroeconomic analysis and fundamental research to identify companies positioned to benefit from multi-year themes including artificial intelligence, defense & space, online advertising, and energy transition. The strategy may also invest in ETFs to complement direct equity holdings.

Sequoia Files Dividend-Focused Thematic Equity Income ETF

Sequoia Financial Group has filed for the Sequoia Select Equity Income ETF (SFEI), an actively managed fund focused on dividend-paying large-cap U.S. stocks and REITs. The strategy combines macroeconomic analysis with bottom-up stock selection, targeting companies tied to long-term themes such as artificial intelligence, defense & space, online advertising, and energy transition. The portfolio will emphasize value-oriented companies with attractive valuations, durable competitive advantages, and sustainable dividend income.

Harbor Files ETF Focused on ‘Munificent Seven’ Energy Giants

The Munificent Seven ETF is centered on seven major global energy companies it calls the “Munificent Seven,” including ExxonMobil, Shell, BP, and Chevron. The actively-managed fund will combine direct equity holdings with derivatives exposure and may also invest in firms tied to AI-driven energy demand, power infrastructure, LNG, mining, and electrification. Harbor said the strategy targets beneficiaries of rising electricity consumption linked to AI, hyperscale computing, and data centers. The non-diversified fund will be heavily concentrated in the energy sector.

EMQQ Targets Emerging-Market Leaders Across the AI Value Chain

The Emerging Markets AI ETF will focus on companies across emerging markets that are positioned to benefit from the growth of artificial intelligence. The actively-managed fund will invest across the full AI value chain, including energy infrastructure, semiconductors, data centers, AI platforms, and AI-powered applications. Using a proprietary “five-layer AI stack” framework, the strategy targets companies in markets such as Taiwan, South Korea, China, India, Brazil, and Saudi Arabia. The non-diversified fund may use derivatives and seeks exposure to emerging-market leaders driving AI development and adoption.

GraniteShares Plans Ultra-Short Box Spread Income ETF

The GraniteShares Short Term LockBox ETF will use “box spread” options strategies to generate returns from implied short-term interest rates rather than directional market bets. The actively-managed fund would trade combinations of long and short call and put options on instruments like SPY and QQQ, targeting maturities of one to six months. By using market-neutral option structures with fixed payouts, the ETF aims to capture yield-like returns while limiting exposure to underlying equity moves.

GraniteShares Files ETF Focused on AI-Powered Defense Technologies

The GraniteShares Defense AI ETF will target companies developing artificial intelligence solutions for defense and national security. The actively-managed fund will invest in firms involved in military AI software, autonomous drones and vehicles, cybersecurity and electronic warfare systems, space-based defense platforms, AI-enabled weapons systems, and defense contractors with significant AI-related programs. Portfolio construction will emphasize companies with meaningful revenue exposure, contract backlogs, and strategic roles in defense modernization. The filing reflects growing investor interest in the expanding use of AI across military, intelligence, and security applications.

GraniteShares Files ETF Targeting Asia’s AI Supply Chain Leaders

The GraniteShares Dragon AI ETF will focus on Asian companies benefiting from the growth of artificial intelligence infrastructure. The actively-managed fund will invest across key AI supply chain segments, including semiconductors, memory, data center cooling, optical networking, energy infrastructure, industrial automation, AI software, and AI-enabled transportation technologies. Eligible companies must be based in Asia and derive significant revenue from AI-related activities. The strategy aims to capture the region’s central role in supplying the hardware, infrastructure, and services underpinning global AI development.

GraniteShares Files ETF Targeting AI-Driven Space Technologies

The GraniteShares Orbital AI ETF will focus on companies operating at the intersection of artificial intelligence and the space economy. The actively-managed fund will invest in businesses involved in satellites, launch services, orbital communications infrastructure, defense and intelligence space systems, geospatial analytics, satellite imagery processing, and AI-enabled spacecraft technologies. Holdings will be selected based on revenue exposure, market position, and strategic importance within commercial, government, and defense space ecosystems. The filing highlights growing investor interest in how AI is expanding the capabilities and commercial potential of space-based infrastructure and data services.

GraniteShares Files ETF Focused on AI Power and Energy Infrastructure

The GraniteShares AI Energy ETF will target companies that supply the energy and power infrastructure supporting AI data centers and high-performance computing. The actively-managed fund will invest in firms involved in electrical grid equipment, power management semiconductors, energy storage systems, backup power solutions, nuclear and alternative energy projects, cooling-integrated power technologies, and data center infrastructure development. Portfolio holdings will be selected based on market position, revenue exposure, and technological leadership within the AI energy ecosystem, reflecting growing demand for power-intensive AI computing infrastructure.

GraniteShares Files ETF Targeting South Korea’s AI Supply Chain

The GraniteShares K-AI ETF will focus on South Korean companies positioned across the AI supply chain. The actively-managed fund will invest in firms involved in AI semiconductors and memory, data center cooling, optical networking, power infrastructure, industrial automation, AI software, and AI-enabled electric vehicle and battery technologies. Portfolio construction will emphasize companies with significant AI-related revenue exposure, technological leadership, and strategic importance within Korea’s technology ecosystem. The filing reflects growing investor interest in South Korea’s role as a key supplier of critical AI infrastructure and hardware.

GraniteShares Files ETF Focused on AI Networking and Optical

The GraniteShares Speed of Light AI ETF will target companies that enable AI-driven data transmission and networking. The actively-managed fund will invest in firms involved in optical fiber, transceivers, coherent networking equipment, high-speed networking chips, optical components, InfiniBand and Ethernet technologies, co-packaged optics, and photonic semiconductor manufacturing. Portfolio holdings will be selected based on leadership positions, market share, and revenue exposure within AI optical networking and high-speed interconnect markets. The strategy aims to capture a key segment of the infrastructure supporting the rapid growth of AI data centers and large-scale computing networks.

GraniteShares Targets ROZE, Wolfspeed and Oura With Leveraged ETFs

GraniteShares has filed for a new slate of single-stock leveraged ETFs tied to Roze AI, Wolfspeed and Oura Health. The proposed lineup includes both 2x long and -2x inverse daily products, giving traders amplified bullish or bearish exposure to the underlying shares. The filings stand out because Oura Health is not yet publicly listed, with placeholder exchange and ticker symbols still included. The move reflects continued demand for high-risk tactical ETFs centered on volatile or high-profile growth companies.

REX Shares Files ETF Targeting AI Photonics and Optical Data Center Networks

The REX Photonics ETF will focus on photonics companies tied to AI infrastructure, optical networking and advanced data communications. The fund would track an index of companies involved in optical transceivers, co-packaged optics, semiconductor materials, lasers, sensors and fiber interconnect systems used in AI data centers and high-speed networking. The filing highlights growing investor interest in photonics as a critical bottleneck technology for scaling AI computing and next-generation communications infrastructure.

Defiance Files Equal-Weight ETF Tied to Top Crypto Assets

The Defiance CoinDesk 5 Equal Weight ETF will track the CoinDesk 5 Equal Weight Index, which equally allocates exposure across Bitcoin, Ethereum, BNB, XRP, and Solana. Rather than holding crypto directly, the fund will use swaps, futures, options, and crypto-linked ETPs and ETFs to replicate index performance. The strategy may also employ a Cayman subsidiary for derivatives exposure and tax efficiency. The filing highlights growing demand for diversified crypto exposure beyond single-asset Bitcoin products.

Defiance Targets Israeli Equities With New 120-Stock ETF

The Defiance KSM Israel 120 ETF will track the Israeli 120 Index, a passive benchmark covering the 120 largest Israeli companies by market capitalization. The index includes stocks listed on the Tel Aviv Stock Exchange and applies liquidity, free-float, and profitability screens, with issuer caps at 4% to reduce concentration risk. The fund will primarily replicate the index through local shares and ADRs, with quarterly rebalancing. Financial services currently represent a significant sector exposure.

Defiance Files ETF Focused on China Humanoid Robotics Boom

The Defiance China Robotics ETF will track the Solactive China Humanoid Robotics Index, targeting Chinese companies involved in AI-powered robotics, motion control systems, robotic sensors, and automation infrastructure. The index uses Solactive’s AI-driven ARTIS® screening system to identify firms with significant exposure to humanoid robotics themes across Hong Kong and mainland Chinese markets. The portfolio will hold about 20 stocks, rebalanced quarterly, with notable exposure to industrial automation and vehicle component manufacturers.

Volatility Shares Files AI Compute Futures ETF Suite

Volatility Shares has filed for a suite of ETFs offering long, inverse, and leveraged exposure to the AI Computing Power Market through GPU compute futures, rather than shares of AI infrastructure companies. The proposed funds would target unlevered long exposure, -1x inverse daily exposure, -2x inverse daily exposure, and 2x daily exposure. Each would use compute futures, swaps, options, other funds, and collateral holdings, with some exposure obtained through a Cayman subsidiary. The filings highlight futures-specific risks, including contango, backwardation, liquidity limits, valuation challenges, and daily compounding effects for leveraged and inverse strategies.

Leverage Shares Files for 3x Leveraged SpaceX, Anthropic and OpenAI ETFs

Leverage Shares has filed for three actively managed single-stock ETFs seeking to deliver 300% of the daily performance of Space Exploration Technologies Corp. (SPCX), Anthropic, and OpenAI. The proposed funds would use leverage to magnify daily gains and losses, making them significantly riskier than traditional ETFs. The filings stress that returns over periods longer than one day are unlikely to equal 3x the stocks’ cumulative performance because of daily rebalancing, compounding, and volatility. Higher volatility and longer holding periods can significantly affect investor outcomes, causing performance to diverge from the stated daily leverage target.

Leverage Shares Files Computing Power ETF and 2x Leveraged Computing Power ETF

Leverage Shares has filed for two ETFs providing exposure to the emerging market for AI computing power, primarily through GPU compute futures tied to computing capacity on advanced processors such as Nvidia’s H100, A100, and B200 chips. The first fund would offer unleveraged exposure to computing power demand across AI, cloud computing, data processing, storage, and networking infrastructure. The second would seek to deliver 200% of the daily performance of a computing power benchmark using futures, swaps, and a Cayman subsidiary structure. Both funds would gain exposure through GPU compute futures and related derivatives rather than investing directly in AI or semiconductor companies, giving investors a novel way to access trends in AI infrastructure demand.

Leverage Shares Changes Ticker for 2X Long NXPI ETF

Leverage Shares has updated the ticker symbol for its Leverage Shares 2X Long NXPI Daily ETF, changing it from NPXG to NXPG. The amendment was disclosed in a May 27 supplement to the fund’s prospectus and statement of additional information. No action is required from shareholders as part of the ticker update.

Leverage Shares Files for 2x Daily Leveraged Crusoe and VAST Data ETFs

Leverage Shares has filed for two actively managed single-stock ETFs designed to deliver 200% of the daily performance of Crusoe Inc. and VAST Data, respectively. The funds would gain leveraged exposure primarily through swaps and options, with daily rebalancing to maintain their targets. Both filings emphasize that returns over periods longer than one day may differ significantly from 2x the stocks’ cumulative returns due to compounding and volatility. The prospectuses warn that leveraged exposure increases risk, and a decline of more than 50% in a single trading day could result in a total loss for investors.

Leverage Shares Expands Single-Stock ETF Lineup Into Global AI and Chip Names

Leverage Shares has filed for a new group of 2x leveraged single-stock ETFs targeting international AI, semiconductor and industrial technology companies. The proposed funds would provide 200% daily exposure to names including MiniMax, Hanmi Semiconductor, SK Square, Leeno Industrial, Siemens, BE Semiconductor and Sweden-listed Sivers Semiconductors. The filings underscore growing issuer interest in non-U.S. leveraged products tied to AI infrastructure and chip supply chains, extending the single-stock ETF boom beyond major U.S. tech companies.

ProShares Targets AI GPU Market With -1x and -2x Inverse ETFs

ProShares has filed for new inverse ETFs tied to the market for AI computing power, including products targeting -1x and -2x the daily performance of GPU compute futures. The funds would use front-month futures linked to high-demand AI chips such as Nvidia’s H100, A100 and B200, giving traders bearish exposure to AI infrastructure pricing rather than semiconductor equities directly. The filings mark one of the first ETF pushes into GPU compute futures, expanding leveraged ETF strategies into the fast-growing AI compute market.

ProShares Files 2x ETFs Targeting IPO-Bound AI Infrastructure Firms

ProShares has filed a trio of 2x leveraged ETFs tied to IPO-bound AI infrastructure companies Crusoe, Nscale, and VAST Data. The funds aim to deliver twice the daily performance of the underlying firms, which operate across AI cloud infrastructure, GPU compute, data centers, and AI software systems. Crusoe focuses on energy-efficient AI infrastructure, Nscale operates vertically integrated AI compute platforms in the UK, and VAST Data develops AI-oriented storage and operating system technology. The filings highlight growing investor demand for leveraged exposure to emerging AI infrastructure leaders ahead of potential public listings.

Leverage Shares Files 2x ETF Targeting Corgi's Lithography and Photonics ETF

The Leverage Shares 2X Long Lithography & Semiconductor Photonics Daily ETF will provide 200% daily leveraged exposure to the Corgi Lithography & Semiconductor Photonics ETF (EUV). The fund will use swaps, options, and synthetic forward strategies to amplify returns tied to companies involved in EUV lithography, photonics, optical networking, and semiconductor manufacturing technologies. The filing reflects rising investor interest in AI infrastructure and advanced chipmaking ecosystems, while also highlighting the high volatility and compounding risks tied to daily leveraged products.

REX Shares Files Six New 2x Long ETFs and a 2x Inverse Micron Fund

REX Shares has filed for a series of leveraged single-stock ETFs, including the T-REX 2X Long AADX, AMBA, BRUN, MOD, MTSI, and VPG Daily Target ETFs, which seek to deliver 200% of the daily performance of Applied Aerospace & Defense, Ambarella, Boost Run, Modine Manufacturing, MACOM Technology Solutions, and Vishay Precision Group, respectively. The firm also filed for the T-REX 2X Inverse MU Daily Target ETF, designed to provide -200% of the daily return of Micron Technology. Like other leveraged and inverse single-stock ETFs, the funds would reset exposure daily, causing returns over longer periods to differ significantly from their stated leverage targets due to compounding effects.

REX Shares Launches 2x Leveraged ETF on T1 Energy

REX Shares and Tuttle Capital Management have launched the T-REX 2X Long TE Daily Target ETF (TEUP), a leveraged single-stock ETF designed to deliver 200% of T1 Energy’s (NYSE: TE) daily performance. T1 Energy is building a U.S.-based solar and battery supply chain, including a 5GW solar module facility in Texas and a planned second manufacturing site. The launch expands REX and Tuttle’s T-REX lineup of leveraged and inverse ETFs, offering traders amplified exposure to the clean energy manufacturer.

Defiance Files New 2X Leveraged Single-Stock ETFs

Defiance ETFs has filed for a new lineup of daily 2X leveraged single-stock ETFs tied to eight companies across AI, semiconductors, cloud computing, and infrastructure technology. The proposed funds target names including American Superconductor, Camtek, Nutanix, Silicon Motion, and Rackspace Technology. Each ETF is designed to deliver twice the daily performance of its underlying stock, expanding Defiance’s growing suite of high-risk tactical trading products aimed at active investors seeking amplified exposure to volatile growth sectors.

Defiance Files 3x Leveraged SpaceX ETF

The Defiance Daily Target 3X Long SPCX ETF will seek to deliver 300% of the daily price performance of Space Exploration Technologies Corp. (SpaceX/SPCX). The fund would use swaps, options, and direct holdings of the underlying stock to obtain leveraged exposure, with daily rebalancing designed to maintain its 3x target. Managed by Milliman Financial Risk Management, the ETF would be concentrated in the aerospace and defense industry and would hold cash and short-term securities as collateral. The filing notes that returns over periods longer than one day can differ significantly from 3x the stock’s performance due to compounding, volatility, and daily rebalancing effects.

ProShares Files 2x Daily Leveraged Oura and SB Energy ETFs

ProShares has filed for two single-stock ETFs seeking 2x the daily performance of Oura Inc. and SB Energy Corp. The proposed Ultra Oura fund would target the wearable health technology company behind the Oura Ring, while Ultra SB Energy would track a U.S. data center and power infrastructure company tied to AI and energy demand. Both funds would use swaps and other financial instruments, rebalance daily, and may hold money market instruments as collateral. Returns over longer periods may differ from 2x due to compounding and daily reset effects.

ETF Milestones

Return Stacked Global Stocks & Bonds ETF Surpasses $500M in Assets

The Return Stacked Global Stocks & Bonds ETF (RSSB) has exceeded $500 million in assets under management, marking a milestone for the growing return-stacking ETF category. RSSB seeks to provide approximately $1 of exposure to a global equity portfolio and $1 of exposure to U.S. Treasury futures for every $1 invested, combining stock and bond exposure within a single fund. The strategy aims to enhance diversification and capital efficiency by pairing market-cap-weighted global equities with Treasury futures spanning maturities from two to 30 years.

Leverage Shares’ 2x Long Nebius ETF Surpasses $100 Million in Assets

Leverage Shares announced that its Leverage Shares 2x Long NBIS Daily ETF (NBIG) has exceeded $100 million in assets under management. The milestone highlights growing investor demand for leveraged exposure to Nebius Group (NBIS), a company increasingly associated with AI infrastructure and cloud computing themes. The asset growth marks a notable achievement for the fund and reflects continued interest in single-stock leveraged ETF strategies.

Europe ETF Industry News

ETF Launches - Equities

Franklin Templeton Launches its First Active Income ETF in Europe

Franklin Templeton has launched the Franklin US Income Equity Focus UCITS ETF, its first active income-focused ETF in Europe. The Ireland-domiciled fund targets U.S. large-cap equities, combining dividend investing with active risk management to deliver stable income and lower volatility versus the broader market. Benchmarking against the MSCI USA High Dividend Yield Index, the ETF carries a 0.35% fee and marks Franklin’s third active U.S. equity ETF in Europe as demand for active income strategies continues to rise.

InterCapital Launches Polish Equity ETF on Ljubljana Exchange

InterCapital’s Poland WIG30TR ETF has been listed on the Ljubljana Stock Exchange, giving Slovenian investors access to Poland’s largest listed companies through their local market. The ETF tracks the WIG30TR total return index, covering 30 of the Warsaw Stock Exchange’s most liquid stocks, including retail brands like CCC and Pepco, and gaming firm CD Projekt. The fund began trading in Zagreb last week after receiving approval from Croatia’s regulator Hanfa in April.

ETF Launches - Fixed Income

Amundi Launches Europe’s First GDP-Weighted Bond ETF

Amundi has launched the Amundi Global Government Bond GDP Weighted UCITS ETF (GDPW), Europe’s first government bond ETF weighted by countries’ economic output rather than debt issuance size. Listed on Deutsche Boerse with a 0.20% fee, the fund aims to increase diversification by giving greater weight to economies such as China and other emerging markets while reducing concentration in heavily indebted developed nations like the U.S. Amundi is simultaneously launching a GDP-weighted global equity ETF as it expands alternative index strategies.

ETF Launches - Cryptocurrency

Bitwise Debuts Canton Network Crypto ETP on Xetra

Bitwise has launched the Bitwise Canton ETP (BWCC) on Deutsche Börse Xetra, offering exchange-traded exposure to CC, the native token of the Canton Network blockchain. Canton is designed for institutional finance, enabling banks and financial firms to issue, trade, and settle digital assets with privacy and regulatory compliance. Backed by institutions including Goldman Sachs and Deutsche Börse, the network targets capital markets infrastructure. The physically backed ETP carries a 0.85% fee and expands Bitwise’s growing lineup of European crypto investment products.

ETF Updates & Changes

Amundi Raises Fees on Luxury ETF After Shift to Physical Replication

Amundi will increase fees on its €400m Amundi S&P Global Luxury UCITS ETF (GLUX) from 0.15% to 0.25% as it transitions from synthetic to physical replication on 21 September. The ETF currently uses swaps but will begin directly holding roughly 80 luxury-related stocks across sectors including apparel, spirits, leisure, and autos. Amundi is also lowering the minimum investment threshold, while the move reflects a broader industry trend toward physical replication in thematic ETFs.

ETF Ecosystem

FTSE Russell Speeds IPO Index Inclusion Ahead of SpaceX and OpenAI Listings

FTSE Russell will allow major U.S. IPOs to enter its Russell indexes just five days after listing, a sharp reduction from the previous one-to-three month waiting period. The rule changes are aimed at quickly capturing high-profile debuts such as SpaceX, OpenAI and Anthropic, reflecting growing pressure on benchmark providers to keep pace with blockbuster listings. The move follows similar methodology updates from Nasdaq and could accelerate passive fund flows into newly public AI and technology giants.

State Street Backs getquin to Expand ETF Retail Reach

State Street Investment Management has taken a minority stake in Berlin fintech getquin to strengthen ETF distribution across Europe’s growing retail investor market. The partnership will integrate State Street ETFs into getquin’s digital wealth platform, giving the asset manager direct access to younger, app-based investors. The deal highlights the shift from traditional bank distribution toward neobrokers and fintech platforms as ETF adoption rises in Europe, particularly ahead of expected German pension reforms that could further boost ETF demand.

Canada ETF Industry News

ETF Launches - Equities

CIBC Launches Four Counterpoint Global Equity ETFs With Morgan Stanley

CIBC Global Asset Management has launched four actively managed ETFs in partnership with Morgan Stanley Investment Management’s Counterpoint Global team: the Counterpoint Global CIBC Global Permanence ETF (CCGP), Counterpoint Global CIBC International Permanence ETF (CCIP), Counterpoint Global CIBC U.S. Large Cap Growth ETF (CCUL), and Counterpoint Global CIBC U.S. Small Cap Growth ETF (CCUS). Listed on the Toronto Stock Exchange, the funds provide Canadian investors access to Counterpoint Global’s high-conviction, research-driven equity strategies spanning global, international, and U.S. growth markets.

LongPoint Expands Leveraged Single-Stock ETF Lineup

LongPoint Asset Management launched three new TSX-listed leveraged ETFs: SavvyLong (2X) HOOD ETF (RBNU), SavvyLong (2X) META ETF (METU), and SavvyLong (2X) PLTR ETF (PLTU). The funds seek to deliver 2x the daily performance of Robinhood, Meta Platforms, and Palantir, respectively, and trade in Canadian dollars without U.S. dollar hedging. The additions expand LongPoint’s suite of leveraged single-stock ETFs, reflecting growing demand from Canadian investors for tactical tools tied to high-profile U.S. growth stocks.

ETF Launches - Fixed Income

JPMorgan Expands Canadian ETF Lineup With Income-Focused Bond Fund

J.P. Morgan Asset Management Canada has launched the JPMorgan Income Active ETF (JPIE), an actively managed fixed income ETF aimed at delivering higher income and total returns than traditional core bond strategies while maintaining a comparable risk profile. The Canadian dollar-hedged fund invests across a diversified mix of fixed income and floating-rate debt securities and leverages J.P. Morgan’s global fixed income platform, which manages more than US$1 trillion. JPIE is now trading on the Toronto Stock Exchange.

ETF Updates & Changes

Capital Group Canada Cuts Fees on Global and International Equity ETFs

Capital Group announced fee reductions for two of its Canadian-listed active equity ETFs. The management fee for Capital Group Global Equity Select ETF (CAPG) will fall from 0.70% to 0.54%, while Capital Group International Equity Select ETF (CAPI) will decrease from 0.70% to 0.58%. The cuts make both funds more cost-competitive and may improve their appeal to investors seeking actively managed global and international equity exposure at lower ongoing costs.

ETF Filings

Ninepoint Files Low-Cost SpaceX High-Income ETF

Ninepoint Partners filed a preliminary prospectus for the Ninepoint SpaceX HighShares ETF (SXHI), a proposed TSX-listed ETF that would offer leveraged exposure to SpaceX and high monthly income following the company’s anticipated IPO. The fund plans to hold SpaceX shares, write covered calls on up to 50% of the portfolio, and use borrowing of up to 33% of NAV to enhance income and growth potential. With a 0.29% management fee, SXHI would be one of the lowest-cost single-stock covered call ETFs in Canada and is expected to launch after a SpaceX public listing, subject to approvals.

Harvest Files for SpaceX Income ETF Ahead of Potential IPO

Harvest ETFs filed a preliminary prospectus for the Harvest SpaceX Enhanced High Income Shares ETF (SPXE), a proposed single-stock ETF designed to provide leveraged exposure to SpaceX while generating high monthly income through an active covered call strategy. The fund is expected to launch on the TSX following a SpaceX IPO, subject to regulatory and exchange approvals. SPXE would combine capital appreciation potential with income generation, extending Harvest’s lineup of covered call and enhanced income ETFs into one of the market’s most closely watched private companies.

Please note this article is for information purposes only and does not in any way constitute investment advice. It is essential that you seek advice from a registered financial professional prior to making any investment decision.