ETF Series Solutions serves as the registrant and platform provider for the Defiance Drone & Modern Warfare ETF (ticker: JEDI), a thematic exchange-traded fund that tracks the BITA Drone & Modern Warfare Select Index. The ETF offers investors exposure to companies advancing next-generation defense technologies, including military drones; AI-driven warfare and defense IT; unmanned systems; electronic and communication warfare; intelligence, surveillance, and reconnaissance (ISR); space warfare, satellites, and missile solutions; military cybersecurity; and military robotics, with at least 80% of its net assets invested in securities of companies deriving at least 50% of revenue from these areas. It is non-diversified, concentrated in the aerospace and defense sector, and lists holdings such as Palantir Technologies Inc., RTX Corp., L3Harris Technologies Inc., Thales SA, and Leidos Holdings Inc., with global operations spanning developed markets including the United States, Europe, and other regions.
ETF Series Solutions, headquartered at 615 East Michigan Street in Milwaukee, Wisconsin, acts as the statutory trust enabling white-label ETF issuance for sponsors like Defiance ETFs through platforms such as ETF Architect's EA Series Trust. The firm supports a broad range of thematic, leveraged, income, and specialized ETFs, managing over 86 funds with more than $22.5 billion in assets under management as of late 2025.
In September 2025, Defiance ETFs launched the JEDI ETF on the ETF Series Solutions platform, marking a strategic expansion into drone and modern warfare technologies while excluding legacy defense contractors, in alignment with U.S. Department of Defense initiatives to bolster domestic drone production and space capabilities. This launch reflects ongoing innovation by Defiance, founded in 2018 as a white-label sponsor focused on high-growth themes. No major acquisitions, partnerships, or reorganizations for ETF Series Solutions have been reported in the past 1-2 years, with operations remaining stable amid its role as a turnkey ETF platform provider.