Less than a year after launching its first ETF, Defiance ETFs [profile] has passed $100 million in assets under management.

Defiance founder and CEO Matthew Bielski tells MFWire , "I think it's a major milestone for a company with 100-percent organic growth." Speaking about the direction of the company, he says, "We expect to really grow rapidly within the next 12 months."

The New York City-based ETF provider singularly focuses on disruptive sectors within the world of technology. Bielski attributes some of the company’s success to that coupled with Defiance's low costs, saying that the company "gives advisors the best and most cost-effective tools to access these sectors." Through Defiance, Bielski aims to provide ETFs for the next generation of investors.

At the moment, Defiance offers three funds: the Defiance Quantum ETF (QTUM), the Defiance Next Gen Connectivity ETF (FIVG), and the Defiance NextGen Video Gaming ETF (VIDG). According to Bielski, the 5G ETF and Quantum Computing ETF are each the first of their kind.

What does the future hold for Defiance ETFs? A lot, says Bielski. "Defiance is looking to disrupt the entire asset management business by offering products at the lowest cost possible. We're looking to build a massive ETF platform to compete directly against BlackRock and the biggest players in the world."  

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