<img height="1" width="1" style="display:none;" alt="" src="https://px.ads.linkedin.com/collect/?pid=4496002&amp;fmt=gif">

New Listings: The ETF World's Cuddliest Brand Just Strapped 2x Leverage to a Nuclear Reactor and a Quantum Computer

Not a bear. Not a bull. A corgi. Short legs, big ears, famously incapable of intimidating anyone, but they seem to launch ETFs at a phenomenal rate.

 

The Corgi litter arrives, and it is feral

The corgi-branded 2x daily suite keeps growing, and this batch alone drops fifteen new single-stock funds onto the market in one sitting, all landing on NYSE Arca. Each one takes a single company, applies two-times daily leverage, and calls it a day. The dog on the tin suggests companionship and gentle walks. The prospectus suggests otherwise.

Here is the full litter, fund ticker first, underlying company second, so nobody has to guess what they're actually buying:

  • ALA: Astera Labs (ALAB), maker of connectivity chips for AI data centers

  • BABC: Alibaba (BABA), the Chinese e-commerce and cloud group

  • BNMC: BitMine Immersion Technologies (BMNR), an ether treasury company chaired by Tom Lee, currently trading more than 80% below its peak

  • GEVC: GE Vernova (GEV), the power generation and grid equipment business spun out of General Electric

  • HOOC: Robinhood Markets (HOOD), the retail trading platform

  • NT: Intel (INTC), the chipmaker

  • JOBC: Joby Aviation (JOBY), an electric air taxi developer with no commercial passenger revenue yet

  • LITC: Lumentum Holdings (LITE), optical and photonic components used in AI data center networking

  • QUA: D-Wave Quantum (QBTS), a quantum computing company whose shares have swung between the low teens and the high forties over the past year

  • SMRX: NuScale Power (SMR), a small modular nuclear reactor developer still burning hundreds of millions a quarter ahead of meaningful revenue

  • SOFC: SoFi Technologies (SOFI), the digital consumer finance and trading platform

  • TEMC: Tempus AI (TEM), an AI-driven precision medicine and genomic data company

  • UPSC: Upstart Holdings (UPST), an AI-based consumer lending platform

  • UUUC: Energy Fuels (UUUU), a uranium and rare earth producer

  • WDCC: Western Digital (WDC), the data storage manufacturer


Read that list as a single sentence and it becomes a kind of poem: quantum computer, nuclear reactor, crypto treasury, air taxi, uranium producer, two trading apps, and three chipmakers, each now available with the daily volatility doubled. None of this is a knock on the underlying businesses, several of which are doing genuinely hard, genuinely interesting work. It's simply that "adorable dog mascot" and "twice the daily volatility of a pre-revenue nuclear startup" are not natural bedfellows, and yet here we are, and the corgi does not seem to mind.


The other way to buy space: WSPC spreads the bet across an entire industry

Amid the single-name leverage rush, WisdomTree lands a space economy fund of its own in this batch. WSPC spreads its exposure across launch infrastructure, commercial space, defence space, and the assorted emerging technology that makes any of it possible, rather than stacking one leveraged bet onto one ticker.


The AI infrastructure double bill: photonics and memory, minus the buzzword overload

Two more products in this batch chase the same underlying story from different angles, and both trace back to the same issuer. Defiance, the US thematic and leveraged specialist, reaches European investors here through HANetf's white-label platform, as it has done with the rest of its UCITS range. PH0T, on the London Stock Exchange, targets photonics, the light-based data transmission technology that is quietly becoming a bottleneck fix for AI data centres straining under the weight of their own power and heat budgets. DRMY, on Euronext Amsterdam, targets memory chips, the unglamorous component that has suddenly become one of the tightest supply constraints in the entire AI buildout.

Neither name is dressed up with "Quantum" or "Frontier" or any of the usual thematic seasoning. Both are, refreshingly, about a real infrastructure bottleneck rather than merely leaping on a bandwagon.

Bernie Thurston

Bernie Thurston is the founder and CEO of Ultumus, a leading provider of ETF and index data, calculation, and workflow solutions. With over 20 years of experience in financial technology, Bernie has been at the forefront of index and ETF innovation since 2003. His finance career began at Markit, where as Managing Director for Equities he designed and developed products for index and ETF composition and dividend forecasting from 2003 to 2011. He then founded and led DeltaOne Solutions as Managing Director, building it into a global provider of index and ETF trading data and technology services. The company managed over 100,000 multi-asset class products before being acquired by Markit in 2015. Following the acquisition, while working for an ETF issuer, Bernie identified fundamental issues in how index and ETF data was represented across the industry. This led him to found Ultumus in 2016, building solutions for ETF primary market operations. Under his leadership, Ultumus has grown into a market leader serving major financial institutions globally, with its ETF Order Management System (OMS) supporting create and redeem workflows worldwide and its PCF platform calculating and distributing portfolio composition files for ETF issuers across every major market. Bernie sold Ultumus to SIX Group in 2021, where it continues to expand across Europe, North America, and Asia-Pacific. Known for building lasting teams and leveraging cutting-edge technology, Bernie is focused on establishing Ultumus as the backbone of the global index and ETF industry through standardisation and automation.

Comments

Related posts

Search New Listings: A Company That Exists to Hold a Token Just Got a Leveraged Alter Ego
New Listings: SK Hynix Just Went Public in America, and the ETP Industry Immediately Filed for Round Two Search