Optica Rare Earths & Critical Materials ETF
CRIT
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ROIC.AI
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- Optica Rare Earths & Critical Materials ETF (NYSE Arca: CRIT), sponsored by Exchange Traded Concepts Trust, provides investors with targeted exposure to global companies engaged in the mining, refining, recycling, production, and processing of rare earth elements and critical materials essential for advanced technology, clean energy, electric vehicles, and industrial applications. The ETF tracks the EQM Rare Earths and Critical Materials Index using a market-cap-weighted, rules-based strategy, with key holdings including major producers such as Freeport-McMoRan Inc., Glencore plc, Southern Copper Corp., Teck Resources Ltd., Ganfeng Lithium Group Co. Ltd., and MP Materials Corp., alongside firms focused on lithium, cobalt, copper, platinum group metals, uranium, and aluminum. It operates as an open-ended fund with annual distributions, full holdings transparency, and no derivatives or currency hedging, serving institutional and retail investors seeking thematic exposure to resource supply chains amid growing demand for strategically vital minerals. Launched on March 29, 2022, by Optica Capital—a Perth, Western Australia-based firm specializing in themed indexes—the ETF is domiciled in the United States and listed on NYSE Arca, with geographic exposure spanning North America, Australia, China, South America, Europe, and Africa through its multinational holdings. In a significant recent development, Exchange Traded Concepts LLC, the investment adviser, announced the closure and liquidation of the fund in February 2025, ceasing new creation units on March 17, 2025, with the final trading day on or about March 18, 2025, and liquidation on March 21, 2025, reflecting a strategic decision amid low assets under management of approximately $3.25 million. No major partnerships, acquisitions, funding rounds, or new product launches were reported in the last 1-2 years prior to the liquidation announcement.