Corgi Launches 34 ETFs on Cboe, Sets U.S. Single-Day Record

Corgi Funds listed 34 actively managed exchange-traded funds on the Cboe BZX exchange, the largest single-day ETF rollout in U.S. history. The group includes two city-specific funds: the Corgi NYC Based ETF (NYNY) and the Corgi Bay Area Based ETF (BAY).

The issuer, Corgi Funds, is the asset management arm of The Corgi Company, which describes itself as an AI financial infrastructure firm and also operates a startup business insurance unit, Corgi Insure. Earlier this year the firm launched the passive Corgi Founder-Led ETF (FDRS), which has about $80 million in assets under management.

The new suite pairs thematic equity ETFs with structured buffer products. Most thematic ETFs use traditional bottom-up security selection and carry a 0.35% expense ratio. The two city-focused funds, NYNY and BAY, are priced at 0.20%. The structured buffer ETFs have an expense ratio of 0.30%.

Each buffered ETF is tied to a reference index or ETF and uses FLEX options to replicate a one-year outcome period that limits downside to a preset percentage. The listed reference products include the SPDR S&P 500 ETF Trust (SPY), the Invesco QQQ Trust (QQQ), the iShares Russell 2000 ETF (IWM) and the iShares EAFE ETF (EFA).

Thematic offerings cover a range of narrowly focused exposures. Examples include beauty and skincare (GLAM), coffee and energy drinks (BREW), buy now/pay later firms (LATR), drones and urban air mobility (BZZ), crypto infrastructure (BLCK), AI cybersecurity (XA), genomics and precision medicine (GNMX), travel and leisure (WNDR), battery energy storage systems (WATS), ports and freight logistics (DOCK), semiconductor photonics (EUV) and a U.S. War Machine ETF (WR).

Corgi listed all 34 funds on the Cboe BZX exchange as actively managed ETFs. No public comments from the issuer were available at the time of the listings.