Defiance ETFs has filed paperwork with the Securities and Exchange Commission to launch a pair of new exchange-traded funds. The proposed funds would invest in companies that Nvidia and Google Ventures have backed.
The Filing Details
The registration statements, filed late last week, don't specify which individual stocks the funds would hold. Instead, they describe a strategy of tracking the portfolios of two of the most active corporate investors in tech: Nvidia's corporate venture arm and Google Ventures, the venture capital unit of Alphabet.
Defiance is known for thematic ETFs that bet on specific trends — from artificial intelligence to cannabis. These new filings signal a shift toward a venture-capital-style approach inside a traditional ETF wrapper.
What the Funds Would Track
One fund, according to the filing, would target companies that Nvidia has invested in through its corporate venture program. Nvidia, the chipmaker whose GPUs power much of the AI boom, has backed dozens of startups in areas like robotics, healthcare, and autonomous driving.
The other fund would mirror the holdings of Google Ventures, Alphabet's VC arm, which has poured money into hundreds of companies across cloud infrastructure, cybersecurity, and life sciences.
Neither Defiance nor representatives for Nvidia or Google Ventures have commented publicly on the filing. The documents don't reveal proposed expense ratios or ticker symbols.
What Comes Next
The SEC will review the filings. If approved, the funds would join a growing lineup of ETFs that try to package venture capital exposure into daily-traded shares. Defiance has launched similar products before, including a fund that tracks the holdings of ARK Invest's flagship ETF.
For now, the two filings sit in the queue. No timeline for a decision has been given.
