MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Monday, March 24, 2025 Quantify Launches 4 and Preps 6 The folks at a New York City startup are teaming up with a familiar ally to quintuple their ETF lineup. And they're prepping more new funds soon, too.
The inception date for the STKd 100% MSTR & 100% COIN ETF (APED on the Nasdaq), the STKd 100% NVDA & 100% AMD ETF (LAYS), the STKd 100% SMCI & 100% NVDA ETF (SPCY), and the STKd 100% UBER & 100% TSLA ETF (ZIPP) was March 5. Meanwhile, the Quantify team is building the STKd 100% COIN & 100% HOOD ETF (BETS), the STKd 100% META & 100% AMZN ETF (BOOK), the STKd 100% TSLA & 100% NVDA ETF (MUSK), the STKd 100% TSLA & 100% MSTR ETF (NUTS), the STKd 100% NVDA & 100% MSTR ETF (NUTY), and the STKd 100% COIN & 100% NVDA ETF (TRDE). Milwaukee-based Tidal Investments LLC [profile] serves as investment advisor to all 10 ETFs, while Brooklyn-based Quantify Funds serves as subadvisor. (Tidal already helps power Quantify's first ETF, which launched last October.) The funds each come with the same expense ratio, 129 basis points. All 10 ETFs use the same PM trio: Christopher Mullen, portfolio manager at Tidal; Michael Venuto, co-founder and CIO of Tidal; and Dziekanski, co-founder of Quantify. Each of the funds is designed to provide 100-percent long exposure to a different pair of single stocks, with help from futures contracts. ZIPP had about $435,000 in AUM as of Friday (March 21). It is designed to track Tesla, Inc. and Uber Technologies, Inc. SPCY had $530,000 in AUM as of Friday. It is designed to track NVIDIA Corporation and Super Micro Computer, Inc. LAYS had about $1.04 million in AUM as of Friday. It is designed to track NVIDIA and Advanced Micro Devices, Inc. APED had about $783,000 in AUM as of Friday. It is designed to track Coinbase Global, Inc. and MicroStrategy Incorporated. TRDE will be designed to track Coinbase and NVIDIA. NUTY will be designed to track MicroStrategy and NVIDIA. NUTS will be designed to track MicroStrategy and Tesla. MUSK will be designed to track NVIDIA and Tesla. Book will be designed to track Amazon, Inc. and Meta Platforms, Inc. BETS will be designed to track Coinbase and Robinhood Markets, Inc. Dziekanski describes the recent quadruple launch as "a significant milestone in democratizing sophisticated investment strategies." "These ETFs address the growing demand for efficient exposure to multiple single stocks through one investment vehicle, making previously complex strategies more accessible to investors," Dziekanski states. The new and planned ETFs are each actively managed, non-diversified series of Tidal Trust II. The funds' other service providers include: ACA's Foreside Fund Services, LLC as distributor; Sullivan & Worcester LLP as counsel; Tidal ETF Services, LLC as administrator; U.S. Bancorp Fund Services, LLC (dba U.S. Bank Global Fund Services) as fund accountant, sub-administrator, and transfer agent; and U.S. Bank National Association as custodian. Printed from: MFWire.com/story.asp?s=69685 Copyright 2025, InvestmentWires, Inc. All Rights Reserved |
