Dan Ives Wedbush AI Revolution ETF
IVES
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- Dan Ives Wedbush AI Revolution ETF (IVES) is an exchange-traded fund that seeks to track the total return performance, before fees and expenses, of the Solactive Wedbush Artificial Intelligence Index; the fund provides investors with targeted exposure to approximately 30 public companies driving the AI revolution across key sectors including semiconductors, hyperscalers, cybersecurity, consumer platforms, robotics, cloud infrastructure, software, and IT services. Launched on June 3, 2025 by Wedbush Fund Advisers, LLC—a division of Wedbush Securities established in 2024—the ETF draws its constituents directly from the proprietary "AI Revolution Theme" research framework developed by Dan Ives, Wedbush Securities' Managing Director and Global Head of Technology Research; it features a net expense ratio of 0.75%, strategically weighted holdings to mitigate concentration risk, and a focus on both established leaders and high-potential innovators in enterprise and consumer AI adoption. Headquartered in Los Angeles, California, the fund operates globally, targeting retail and institutional investors interested in the multi-trillion-dollar AI investment cycle transforming industries worldwide. Recent milestones include surpassing $100 million in assets under management (AUM) within its first five trading days in June 2025, reaching $1 billion AUM by October 29, 2025—less than five months after launch—and delivering strong performance with since-inception returns exceeding 27% as of late 2025, underscoring robust investor demand for its research-driven AI thematic exposure.