New SoFi Agentic AI ETF Provides Access to Next Wave of AI Technologies

SoFi has launched the Agentic AI ETF (NYSE Arca: AGIQ), which tracks the BITA US Agentic AI Select Index. The ETF invests in US companies involved in developing, providing, or utilizing agentic AI technologies. The index currently includes companies like Salesforce, Tesla, and NVIDIA. SoFi's Head of Advice and Planning Director, Brian Walsh, believes that the ETF will give investors access to the next evolution of AI. The ETF has a gross expense ratio of 0.69% and a management fee of 0.69%.

SoFi Technologies (NASDAQ: SOFI) has announced the launch of the SoFi Agentic AI ETF (NYSE Arca: AGIQ). This new exchange-traded fund (ETF) is designed to track the BITA US Agentic AI Select Index, which focuses on companies involved in developing, providing, or utilizing agentic AI technologies. The index currently includes prominent names such as Salesforce, Tesla, and NVIDIA, though holdings are subject to change [1].

The BITA US Agentic AI Select Index is composed of publicly traded U.S. exchange-listed companies operating in various sectors, including self-driving transportation, AI scheduling assistants, cybersecurity networks, autonomous industrial machinery, and enabling technologies like semiconductors and cloud computing. The index currently comprises 30 holdings [1].

The SoFi Agentic AI ETF is advised by Tidal Investments LLC, a company within the Tidal Financial Group, with a gross expense ratio of 0.69% and a management fee of 0.69%. AGIQ is listed on NYSE Arca and can be purchased through SoFi Invest and other brokerage platforms [1].

Brian Walsh, Head of Advice and Planning Director at SoFi, expressed his enthusiasm for the ETF, stating that it provides investors with an opportunity to access the next evolution of AI technologies. "Emerging market themes can be challenging to capture, especially for new or casual investors – but with the SoFi Agentic AI ETF, investors can easily tap into the next evolution of AI," he said [1].

SoFi Invest currently offers a mix of active and passive ETFs, including the SoFi Select 500 (SFY), SoFi Next 500 ETF (SFYX), SoFi Social 50 ETF (SFYF), and SoFi Enhanced Yield ETF (THTA), providing investors with a range of options for market exposure [1].

Investing in thematic ETFs, such as those focused on emerging technologies like agentic AI, involves risks, including market volatility, rapid technological change, and concentration in specific sectors. Investors should carefully consider the information contained in the prospectus before investing [1].

References:
[1] https://finance.yahoo.com/news/sofi-announces-agentic-ai-etf-120100502.html
[2] https://www.stocktitan.net/news/SOFI/so-fi-announces-the-agentic-ai-etf-providing-access-to-next-wave-of-cfu5efxhilvt.html