'$1 Trillion Club' ETF Gives Investors Exposure to Tech Giants—And Bitcoin

Core Viewpoint - A new exchange-traded fund (ETF) named Defiance Trillion Dollar Club Index ETF (TRIL) has launched, providing U.S. investors with exposure to rapidly growing digital assets and AI sectors [1][2]. Group 1: ETF Overview - TRIL tracks the BITA Trillion Dollar Club Index, which includes major companies like Nvidia, Tesla, Microsoft, Apple, Alphabet, Amazon, and Meta Platforms [2]. - The ETF also includes BlackRock's iShares Bitcoin Trust (IBIT) and Berkshire Hathaway in its portfolio [2]. - On its debut, TRIL traded 5,744 shares at a price of $20 per share, resulting in a total trading volume of $114,800 [5]. Group 2: Market Context - The launch of TRIL follows a significant increase in the prices of Mag 7 stocks and digital assets over the past two years [3]. - BlackRock's iShares Bitcoin Trust (IBIT) has nearly $88 billion in assets under management, making it the most popular Bitcoin fund among institutions [4]. - Bitcoin (BTC), the largest cryptocurrency, has seen a 77% increase in market cap over the past year, currently valued at over $2.2 trillion [4]. Group 3: Industry Impact - The companies represented in TRIL are considered global leaders in AI, cloud computing, semiconductors, digital assets, and next-generation technologies [5]. - Mag 7 stocks constitute about one-third of the S&P 500, contributing significantly to the index's overall market value [4].