NVIDIA CorporationThe ETF tracks NVIDIA's value chain, increasing investor exposure and demand for NVIDIA's ecosystem.
PurePlay ETFs has launched the PurePlay NVIDIA Ecosystem Picks & Shovels Index ETF, the first US-listed ETF designed to provide end-to-end exposure to the NVIDIA value chain under a single ticker. Trading under the symbol NVPS, the fund tracks the Solactive Nvidia Picks & Shovels Index and uses FactSet supply chain data to identify companies that derive at least 50% of revenue from NVIDIA-related activities. Holdings are organized across six pillars—raw materials, tools, fabrication, packaging, infrastructure, and connectivity—and are weighted by their level of involvement and criticality. Founder Joseph DeYonker said the ETF offers a targeted alternative to broad AI funds that may dilute the theme and leveraged single-stock products that carry elevated risk. NVPS is the inaugural fund from PurePlay ETFs, a thematic issuer focused on precision-engineered, data-driven exposure to the ecosystems shaping the global economy.
NVIDIA CorporationThe ETF tracks NVIDIA's value chain, increasing investor exposure and demand for NVIDIA's ecosystem.
FactSet Research Systems IncFactSet provides supply chain data used to identify NVIDIA-related companies, potentially increasing demand for its data services.
PurePlay ETFs launches its first fund, NVPS, a significant capital markets event for the issuer.
Solactive's index is used as the benchmark for the new ETF, potentially increasing licensing revenue.