June ETF launches: 214 new funds, led by Corgi

A record 214 exchange-traded funds listed in June, with fintech firm Corgi Funds responsible for 95 of the launches. Corgi set a single-day record by listing 35 ETFs and rolled out a mix of 2x daily leveraged funds and structured buffer ETFs that use options to limit losses over defined periods.

The SpaceX initial public offering generated large price swings that prompted multiple firms to introduce products tied to the company. Kurv launched the Kurv SpaceX Enhanced Income ETF (XSHP), which seeks monthly income through equity and derivative positions linked to SpaceX. Direxion listed the Direxion Daily SpaceX Bull 2X ETF (LOFF), aimed at delivering twice the daily return of SpaceX for short-term traders.

Investor demand for artificial intelligence exposure produced several funds focused on memory semiconductors and data-center supply chains. The Roundhill Memory ETF (DRAM) recorded inflows of $18.3 billion and reported cumulative returns of 152% from its April launch through June. DRAM requires component companies to generate at least 50% of revenue from memory semiconductor development and manufacturing, a minimum market capitalization of $10 billion and an average daily trading volume of $5 million. Roundhill followed DRAM with the Roundhill T-REX Long DRAM Daily Target ETF (RAM), which seeks twice the daily performance of the DRAM portfolio.

Tuttle Capital introduced the Tuttle Capital Concentrated Memory Stack ETF (HBMX), which targets pure-play memory stack companies and applies a lower memory-revenue threshold of 25% without minimum market-cap or trading-volume requirements. VanEck launched the VanEck Data Center Supply Chain ETF (RACK), which tracks an index that requires companies to derive at least half their revenues from data-center supply chain activities.

Defiance Investments launched the Defiance Autism Impact ETF (ASD), which tracks the VettaFi Autism Impact Index (VASDX). The index includes biotech, education and technology companies linked to autism care and services. Defiance noted that the idea drew on the founders personal experience: their son has profound autism. The firm cited an autism prevalence of about one in 31 children, an estimated lifetime cost near $3 million per individual and a national cost estimate of about $461 billion. Defiance will donate 100% of ASD’s net profits to autism-focused nonprofits for the fund’s first two years and at least 50% annually thereafter. VettaFi serves as the index provider and receives a licensing fee; VettaFi is not the issuer or sponsor of ASD.

The June rollouts included leveraged strategies, income-oriented products, buffer ETFs that offer defined downside protection and a named impact fund tied to autism care and services. Sponsors cited specific investor demand and recent market events as the drivers for many of the new listings.