Weekly ETF Industry Recap: U.S., Europe, and Canada Highlights – July 21-July 25, 2025

ETF Weekly Update (July 21-July 25, 2025): New launches, fund moves, and filings shape a steady week across U.S., Europe, and Canada.

U.S. Weekly ETF Industry News

U.S. ETF Launches

Janus Henderson Launches Active Asset-Backed Securities ETF (JABS)

Janus Henderson debuted JABS, an actively managed ETF focused on investment-grade asset-backed securities. With a 0.33% expense ratio, JABS targets income and capital preservation using a research-driven approach to manage credit quality, duration, and diversification.

Leverage Shares Launches 2X Daily UNH ETF with Low Fees

Leverage Shares will debut the 2X Long UNH Daily ETF (UNHG) on July 22, offering 200% daily exposure to UnitedHealth at a 0.75% fee—one of the lowest in its category.

Defiance Launches 2X Daily Vistra ETF (VSTL) for Energy Exposure

Defiance ETFs has introduced the VSTL ETF, offering 2X daily exposure to Vistra Corp. (VST). The fund targets active investors seeking amplified energy sector returns.

Defiance Launches AIPO ETF Targeting AI & Power Infrastructure

Defiance ETFs has launched AIPO, offering passive exposure to U.S.-listed companies focused on AI and critical power infrastructure. Tracking the MarketVector™ index, AIPO includes firms in nuclear energy, data centers, and AI hardware—positioning investors at the intersection of tech and energy demand.

Defiance Launches 2X Leveraged ETF on JPMorgan Chase

Defiance ETFs has introduced the Defiance Daily Target 2X Long JPM ETF (JPX), offering 200% daily exposure to JPMorgan Chase & Co. Using swaps and options, JPX gives retail investors leveraged access to the banking giant’s performance without requiring margin accounts.

Crossmark Launches Values-Based Large Cap Growth ETF (CLCG)
Crossmark Global debuted the actively managed CLCG ETF, targeting long-term capital appreciation by investing in high-conviction U.S. large-cap growth stocks. The fund applies a faith-driven screening process and aims to outperform the Russell 1000 Growth Index.

Crossmark Debuts Values-Screened Large Cap Value ETF (CLCV)
The new CLCV ETF from Crossmark focuses on resilient U.S. large-cap value stocks using exclusionary and inclusionary faith-based criteria. Actively managed, it seeks to outperform the Russell 1000 Value Index while aligning with investors’ personal values.

WEBs Launches 11 Sector ETFs Using Defined Volatility Strategy

WEBs and Westwood launched 11 Nasdaq-listed ETFs applying the Defined Volatility strategy to S&P 500 sectors. Each adjusts exposure to sector ETFs based on short-term realized volatility, aiming to enhance stability and risk-adjusted returns through dynamic allocation to cash or Treasuries.

Fortuna Launches HBTC: Bitcoin ETF with Downside Protection

Fortuna Funds has launched the Fortuna Hedged Bitcoin Fund (HBTC) on CBOE, offering Bitcoin exposure with built-in risk control. Using a combination of put options for downside protection and call spreads for income, HBTC aims to capture upside while reducing losses from major price drops.

Alpha Architect Launches AAUS with $445M via 351 Syndication

Alpha Architect debuted the U.S. Equity ETF (AAUS) with $445M in AUM, seeded through a Section 351 exchange. The actively managed fund offers broad U.S. equity exposure while avoiding select dividend stocks, with a low 0.15% expense ratio aimed at long-term scalability.

DWS Launches SPXD ETF to Reduce S&P 500 Sector Concentration

DWS debuted the Xtrackers S&P 500 Diversified Sector Weight ETF (SPXD) on NASDAQ. The fund tracks an index that reweights the S&P 500 by business function, aiming to reduce sector concentration and better reflect the full range of economic activity in the index.

Invesco Expands Active Fixed Income Lineup with GTOC and INTM

Invesco launched two new active bond ETFs: GTOC (Core Fixed Income) and INTM (Intermediate Municipal), expanding its $491B fixed income platform. Managed by seasoned teams, these ETFs offer investor-focused strategies rooted in Invesco’s expertise across investment-grade and muni bonds.

Global X Launches PureCap ETF Suite with Uncapped Sector Exposure

Global X unveiled five PureCap ETFs—GXPD, GXPC, GXPT, GXPS, and GXPE—offering uncapped, market cap-weighted exposure to major U.S. sectors. The funds aim to capture full sector performance by avoiding regulatory caps that limit exposure to top constituents.

Direxion Launches Leveraged & Inverse ETFs for Ford Traders

Direxion introduced two single-stock ETFs: FRDU (2x bull) and FRDD (1x bear), offering amplified or inverse exposure to Ford Motor Co. Built for short-term tactical trading, these tools target active investors seeking to capitalize on Ford’s volatility and macro-driven momentum.

Roundhill Expands WeeklyPay™ ETF Suite with Five New Listings

Roundhill Investments launched five new WeeklyPay™ ETFs on Cboe BZX, bringing the lineup to 15 funds tied to individual stocks like AAPL, NVDA, and AMZN. These ETFs aim to deliver weekly income through options strategies while offering targeted single-stock exposure.

REX Launches 2X Leveraged ETFs on SMR and CoreWeave Stocks

REX Shares launched SMUP and CRWU, offering 2x daily exposure to NuScale Power (SMR) and CoreWeave (CRWV). These new T-REX ETFs target traders seeking amplified, short-term bets on nuclear energy and AI infrastructure leaders. Both funds are now listed on CBOE.

ProShares Launches 2X Leveraged ETFs on Solana and XRP

ProShares introduced SLON and UXRP, ETFs aiming to deliver 2x the daily performance of Solana and XRP, respectively. These funds offer leveraged crypto exposure without direct coin ownership, expanding ProShares' lineup of crypto-linked ETFs now totaling over $1.5B in AUM.

U.S. Fund Updates

Options Now Trading on Tradr’s Five New 2X Single-Stock ETFs

Tradr ETFs announced options are now available for its five leveraged ETFs—CWVX, SMU, ASTX, GEVX, and CEGX—offering 2x daily long exposure to names like CoreWeave and GE Vernova. Launched July 11, the ETFs have already surpassed $60M in AUM, appealing to active traders targeting AI and satellite themes.

Amplify Adjusts NAV of Breakwave Tanker Shipping ETF (BWET)

Amplify ETFs corrected the NAV of BWET by +$0.1465 per share (+1.37%) due to a pricing error on July 23, 2025. The revised NAV is $10.8364. This is a one-time adjustment, with no further changes expected.

U.S. ETF Filings

Grayscale Files for ETF Focused on Stablecoin Ecosystem Exposure

The Grayscale Stablecoin Ecosystem ETF will offer indirect exposure to stablecoins via ETPs and companies tied to stablecoin issuance, infrastructure, and platforms. The fund avoids direct crypto or ICO investments.

Goldman Sachs Files for ETF Mimicking Private Equity Through Public Stocks

The Goldman Sachs MSCI World Private Equity Return Tracker ETF will track the MSCI World Private Equity Return Tracker Index (Net, USD, Unhedged) designed to replicate private equity returns using long/short positions in public equities, without investing in actual private equity.

REX Files 40+ Stock-Specific Growth & Income ETFs Using Leveraged Covered Call Strategy

REX has filed for over 40 ETFs—including AAII, JPMI, AMII, LLII, AMZI, and others—each targeting a single stock. These actively managed funds aim for 105–150% daily notional exposure using derivatives, while generating weekly income through a covered call strategy.

Amplify Files for Synthetic Covered Call ETF Targeting Solana (SOL) Returns

Amplify has filed for an ETF offering SOL price exposure via Solana ETPs and options, while selling weekly covered calls to generate income. The fund aims for high annualized premiums and monthly distributions.

Wisdom Fixed Income Management Files for Active Short-Duration Global Bond ETF

The Wisdom Short Duration Income ETF targets global fixed income, including high-yield, investment-grade, and asset-backed securities. The fund aims for low volatility, current income, and a duration of one year or less, with up to 50% in foreign currency-denominated assets.

Defiance Files for SCHD-Based Income & Options ETF with 15% Target

The Defiance SCHD Target 15 Income ETF will aim for income and capital appreciation by investing in SCHD or its holdings and selling options to target a 15% annual distribution. The fund combines dividend equity exposure with premium income strategies, while also allocating up to 20% in cash or Treasuries.

REX Files Drone & UAV Index ETF Focused on Pureplay Exposure

The REX Drone ETF (DRNZ) is a passively managed ETF tracking the VettaFi Drone Index which focuses on global Drone and UAV companies. The fund will invest at least 80% in firms with 50%+ exposure to the drone industry, using a modified market cap weighting and quarterly rebalancing. Pureplay names will receive 80% of index weight.

Kurv Files for Actively Managed Options-Focused Strategy ETF

The Kurv High Income ETF is an active ETF investing in U.S. and global equities, ETFs, and derivatives. The fund uses strategies like synthetic exposure, covered calls, spreads, and protective puts to generate income and manage risk. It may leverage up to 200% notional exposure and actively manages collateral for added return.

Simplify Files for Actively Managed Money Market ETF

The Simplify Prime Money Market ETF  (SPRI) is an actively managed money market ETF focused on high-quality, short-term U.S. dollar assets. Operating under Rule 2a-7, the fund invests in instruments like commercial paper, repurchase agreements, and government securities, but unlike traditional money funds, it won’t maintain a stable NAV.

U.S. ETF Ecosystem Updates

SEC Approves, Then Pauses Bitwise Crypto Index ETF Conversion
The SEC granted accelerated approval for Bitwise’s 10 Crypto Index Fund ETF conversion—then abruptly stayed it the same day, pending review.

Strive Dual-Lists 13 ETFs on NYSE Texas in Historic First

Strive Asset Management became the first ETF issuer to dual-list on NYSE Texas, adding 13 of its funds—including DRLL, STXM, and STXI—to the Dallas-based exchange. These ETFs will also continue trading on the NYSE, marking a milestone for Texas as a growing financial hub.

Franklin Templeton Expands ETF Partnership with BNY Mellon

Franklin Templeton has appointed BNY Mellon to deliver full ETF servicing and FX solutions for its U.S.-listed ETFs. The move deepens a 30-year partnership and leverages BNY’s ETX platform to boost operational efficiency and support Franklin’s fast-growing ETF business.

U.S. ETF Milestones

Solana SSK ETF Tops $100M as Staking Demand Grows

REX-Osprey’s SSK ETF, offering spot Solana and on-chain staking rewards, hit $100M AUM in just 12 days—highlighting strong demand for yield-focused crypto ETFs.

Europe Weekly ETF Industry News

EU ETF Launches

Janus Henderson Launches Active US Thematic Growth ETF (JTXX)

Janus Henderson debuted JTXX on the LSE, an actively managed ETF holding 20–25 U.S. stocks tied to AI, deglobalization, healthcare, and cloud themes. With a 0.49% TER, JTXX offers a high-conviction alternative to passive indices and expands the firm’s growing UCITS ETF lineup.

BlackRock Launches $ and € AAA CLO ETFs at Market-Low 0.25% Fee

BlackRock introduced the iShares $ AAA CLO and € AAA CLO Active UCITS ETFs, each priced at a 0.25% TER—underpricing rivals by 30%. The launch prompted immediate fee cuts from Invesco and Janus Henderson, escalating competition in Europe’s CLO ETF market.

First Trust Launches FJUL UCITS ETF with 10% S&P 500 Downside Buffer

First Trust debuted the FJUL ETF on the LSE and Xetra, offering capped S&P 500 returns with a 10% downside buffer through July 2026. Part of its UCITS Target Outcome series, FJUL aims to deliver defined risk/return exposure.

EU Cross Listings

Franklin Templeton Lists 4 New ETFs on SIX Swiss Exchange

Franklin Templeton has listed four ETFs—including U.S.-focused and global screened strategies—on the SIX Swiss Exchange, expanding its Swiss-accessible ETF lineup to 35. The move supports its strategy to meet local investor needs with broader, flexible solutions.

EU ETF Ecosystem Updates

SS&C to Acquire Calastone in $1B Deal to Boost Fund Tech Services

SS&C Technologies will acquire Calastone for $1B in Q4 2025, expanding fund admin and ETF servicing. Calastone will join SS&C’s Global Investor & Distribution unit.

Waystone Launches Luxembourg’s First ETF White-Label Platform

Waystone adds ETF support to its Luxembourg UCITS platform, offering a turnkey solution for managers. It's the first ETF white-label service approved by the CSSF in the jurisdiction.

Franklin Templeton, eToro Launch Target-Date UCITS ETF Smart Portfolios

Franklin Templeton and eToro have partnered to launch six target-date UCITS ETF “Smart Portfolios” on eToro's platform. Powered by Franklin Templeton Investment Solutions, the portfolios offer 3–10 year investment horizons, blending ETF allocation expertise with eToro’s social investing model.

Bloomberg Launches European and Global Leveraged Loan Indices

Bloomberg has expanded its leveraged loan index suite with the debut of the European (ELOAN) and Global (GLOAN) Leveraged Loan Indices. Built using BVAL pricing, the indices offer transparent, rules-based benchmarks for syndicated loan markets, with over $2 trillion in tracked loans globally.

EU ETF Ecosystem Research

French Retail ETF Participation Declines for First Time in Two Years

French ETF usage fell to 415,000 retail investors in Q2 2025, down from 435,000 in Q1, ending an eight-quarter growth streak. First-time ETF buyers also dropped 36%. Despite the dip, activity remains up 67% year-over-year, according to the AMF.

Canada Weekly ETF Industry News

Canada ETF Launches

Ninepoint Debuts 5 New ETFs Covering Metals, Infra & Growth

Ninepoint Partners launched five ETF series on the TSX: INFR (infrastructure), GLDE (gold & miners), GBUL (gold bullion), SBUL (silver bullion), and NCAP (capital appreciation). The funds span various risk levels and aim to provide diversified, actively managed exposure.

Canada ETF Filings

CI Expands Crypto Files for Lineup of Multi-Crypto and Hedged ETFs

CI GAM filed for the CI Galaxy Core Multi-Crypto ETF (CCCX), targeting 70% BTC, 15% ETH, and 15% SOL via existing CI Galaxy ETFs. It avoids double fees. CI also filed C$-hedged versions of BTCX, ETHX, and CMCX to broaden investor options.

Hamilton ETFs to Launch USD Units for QMAX and SMAX

Hamilton ETFs filed for USD units of QMAX and SMAX, both using covered call strategies on large-cap U.S. stocks. QMAX focuses on tech, while SMAX holds broader U.S. equities. Both aim to write ATM calls on ~30% of holdings.

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.