Exchange Traded Concepts Trust (PurePlay Nvidia Ecosystem Picks & Shovels Index ETF) is an investment fund sponsor focused on creating and managing exchange-traded funds that capture the upstream and downstream Nvidia ecosystem through a rules-based index and passive replication structure. The fund seeks to track the performance of companies that provide or enable Nvidia’s semiconductor, hardware, software, and related services across the value chain, including design, manufacturing, tooling, distribution, and support services; the index is constructed to include issuers that derive material revenues from Nvidia-related activities and that contribute to Nvidia’s operations without requiring direct ownership of Nvidia shares. Ex TEC serves as the sponsor and administrator for the ETF, providing fund governance, regulatory compliance, daily pricing, and investor services, while PurePlay ETFs, LLC acts as the index provider and conducts business relevance analyses to identify eligible picks and shovels companies within Nvidia’s ecosystem. The fund is domiciled in the United States, with a registered office and headquarters in a major U.S. financial center, and it operates with a global investor base and distribution channels to institutional and retail investors. Founding year and headquarters location reflect the company’s ongoing role in the ETF sponsor space, and the fund leverages a modular product framework designed to accommodate current Nvidia ecosystem exposures and potential future expansions. The fund’s primary objective is to offer exposure to a diversified basket of Nvidia-related suppliers and enablers by tracking the designated index, with transparency around holdings, methodology, and rebalancing calendar for investors and market participants. The structure supports standard ETF features such as daily disclosure of holdings, periodic rebalancing aligned to index methodology, and cost-efficient access to Nvidia ecosystem exposure for market participants seeking pure-play exposure to Nvidia’s broader value chain. The sponsor arrangement integrates with the broader Exchange Listed Funds Trust ecosystem, aligning with other sector-focused and technology-oriented offerings while maintaining separate fund governance, expense structures, and reporting. The strategy emphasizes systematic, rules-based replication to reflect the intended Nvidia ecosystem exposure while maintaining compliance with applicable securities laws and ETF industry standards. The fund leverages its relationship with the index provider to ensure alignment of holdings with the defined Nvidia Picks & Shovels criteria and maintains ongoing oversight of product suitability, risk disclosures, and performance reporting for investors and advisors.