SAN FRANCISCO, Feb. 02, 2026 (GLOBE NEWSWIRE) -- Social Finance, Inc. (“SoFi”) today announced that the Board of Trustees of Tidal Trust I (the “Trust”) has approved, at the request of Tidal Investments LLC and SoFi, a plan of liquidation and termination for the SoFi Next 500 ETF (NYSE Arca: SFYX) (the “Fund”). Under the plan, the Fund is expected to stop trading on NYSE Arca at the close of regular trading on February 18, 2026 (the “Final Trading Day”). Shareholders may sell their shares on the exchange pr ...

Core Viewpoint - SoFi Next 500 ETF (SFYX) offers broad exposure to U.S. mid-cap companies, focusing on scalable, domestically oriented franchises, aiming to capture market beta within the mid-cap segment [1] Group 1: Investment Strategy - The ETF employs a transparent, rules-based selection and weighting strategy to achieve diversified market beta within the mid-cap cohort [1] - Mid-cap companies are characterized by operational maturity and reinvestment potential, making them sensitive to domestic growth and financing conditions [1] Group 2: Market Sensitivity - The fund may benefit during periods when profitability and balance-sheet quality are rewarded, but could lag during market shifts towards mega-cap defensives or liquidity squeezes [1] - Mid-cap cyclicality can lead to amplified drawdowns compared to diversified all-cap exposures during risk-off periods [1] Group 3: Use Cases and Investor Profiles - SFYX can serve as a core mid-cap building block, a satellite sleeve to reduce concentration in large-cap indices, or a factor-completion tool for size diversification [1] - Suitable for asset allocators focused on disciplined market-cap segmentation and advisors constructing balanced equity portfolios for long-term clients [1]

Group 1: AI Market Overview - The global AI market size was $279.2 billion in 2024 and is expected to reach $1.81 trillion by 2030, representing a compound annual growth rate of 35.9% [2] - Spending on data center infrastructure could exceed $1 trillion by 2029 [2] Group 2: SoFi Technologies and AGIQ ETF - SoFi Technologies launched the Tidal Trust SoFi Agentic AI ETF (AGIQ) on September 3, 2023, marking its first ETF launch since that year [3][4] - The AGIQ ETF tracks the BITA US Agentic AI Index, which includes U.S.-listed companies generating at least 30% of revenue from agentic AI and autonomous decision-making technologies [5] Group 3: AGIQ ETF Composition - The AGIQ ETF can include up to 50 companies categorized into various segments such as autonomous digital agents, autonomous cyber and infrastructure agents, autonomous scientific and discovery agents, autonomous mobility and transportation agents, autonomous industrial and robotics, and enabling autonomous AI technologies [5]