Mentioned:
MSFT -2.66% TSLA -6.57% NVDA -6.20% META -5.57%

There’s a select group of public companies who have exceeded a market capitalization of a trillion dollars or more. And now, they have their very own ETF.

What’s happening:

  • Defiance ETFs has launched a new ETF known as Trillion Dollar Club Index ETF (NASDAQ: TRIL) which is focused on allocating to public companies and digital assets with a market capitalization of more than one trillion dollars

Why it matters:‍

  • This is the first time ever an ETF has listed on a major stock exchange in the United States that is only focused on allocating to companies and assets that have more than a trillion dollars of market capitalization

Going deeper:‍

  • The Trillion Dollar Club Index ETF largely holds Apple (NASDAQ: AAPL), Microsoft (NASDAQ: MSFT), Tesla (NASDAQ: TSLA), Nvidia (NASDAQ: NVDA), Meta (NASDAQ: META) and BlackRock’s iShares Bitcoin Trust ETF (NASDAQ: IBIT)
  • Defiance ETFs has notably been making waves on Wall Street with ETFs focused on disruptive technologies, including just recently launching the first ever leveraged ETF for quantum computing stocks

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