MIAMI, Dec. 13, 2024 (GLOBE NEWSWIRE) — Defiance ETFs is thrilled to announce that QTUM – Defiance Quantum Computing ETF has reached a serious milestone, surpassing $400 million in belongings underneath administration (AUM) — a testomony to the rising momentum behind quantum computing.
QTUM, up 40%+ YTD as of 12/11/2024, is the primary ETF devoted to quantum computing, giving traders publicity to the businesses constructing the computational spine of the AI age. With holdings in trade leaders like D-Wave Quantum (NYSE: QBTS), IonQ (NYSE: IONQ), and Rigetti Computing (NASDAQ: RGTI), QTUM delivers focused entry to pure-play innovators driving the following period of exponential technological development.
The underlying index of this quantum computing and machine studying ETF is known as the BlueStar Quantum Computing and Machine Studying Index (BQTUM). It tracks roughly 71 globally-listed shares throughout all market capitalizations.
“The fast adoption of AI applied sciences has catalyzed a wave of funding in quantum computing, as these firms present the computational spine for next-genera in tion options,” mentioned Sylvia Jablonski , CEO of Defiance ETFs. “QTUM’s robust efficiency is a testomony to the market’s confidence in quantum computing’s means to revolutionize the tech panorama.”
About Defiance ETFs
Defiance ETFs is a number one ETF issuer centered in thematic, revenue, and leveraged ETFs, providing traders distinctive entry to rising and disruptive sectors.
Necessary Disclosures:
Previous efficiency doesn’t assure future outcomes. Fund holdings and sector allocations are topic to vary at any time and shouldn’t be thought-about suggestions to purchase or promote any safety. To see an inventory of present holdings and the latest efficiency click on here or go to defianceetfs.com/qtum.
The Funds’ funding goals, dangers, costs, and bills have to be thought-about rigorously earlier than investing. The prospectus and abstract prospectus comprises this and different essential details about the funding firm. Please learn it rigorously earlier than investing. A tough copy of the prospectus might be requested by calling 833.333.9383.
Investing entails threat. Principal loss is feasible. The Funds should not actively managed and wouldn’t promote a safety on account of present or projected underneath efficiency until that safety is faraway from the Index or is required upon a reconstitution of the Index. A portfolio concentrated in a single trade or nation could also be topic to a better diploma of threat. The worth of shares of data expertise firms are significantly weak to fast modifications in expertise product cycles, fast product obsolescence, authorities regulation and competitors.
The Fund is taken into account to be non-diversified, so it might make investments extra of its belongings within the securities of a single issuer or a smaller variety of issuers. Investments in overseas securities contain sure dangers together with threat of loss on account of overseas foreign money fluctuations or to political or financial instability. This threat is magnified in rising markets. Small and mid-cap firms are topic to higher and extra unpredictable value modifications than securities of large-cap firms.
The attainable purposes of quantum computing are solely within the exploration levels, and the potential of returns is unsure and is probably not realized within the close to future.
The “BlueStar Quantum Computing and Machine Studying Index™”, “BQTUM™ Index” (collectively “Quantum Computing and Machine Studying Index”), is the unique property and a trademark of BlueStar International Buyers LLC d/b/a BlueStar Indexes® and has been licensed to be used for sure functions by Defiance ETFs LLC. Merchandise primarily based on the Quantum Computing and Machine Studying Index should not sponsored, endorsed, bought or promoted by BlueStar International Buyers, LLC or BlueStar Indexes®, and BlueStar International Buyers, LLC and BlueStar Indexes® makes no illustration relating to the advisability of buying and selling in such product(s). It’s not attainable to take a position straight in an index.
QTUM is distributed by Foreside Fund Providers, LLC.
Contact Data
Defiance ETFs
David Hanono
833.333.9383
A photograph accompanying this announcement is offered at https://www.globenewswire.com/NewsRoom/AttachmentNg/ef288c66-ddd2-4bde-9a3d-d290c8293e6d
