VistaShares’ Artificial Intelligence Supercycle ETF (AIS) has surpassed $1 billion in assets under management, marking rapid growth since its launch in early December 2024. The milestone was announced on Sept. 9, 2026, while existing company materials dated Sept. 15, 2026, identify the same asset threshold, creating a discrepancy in the announcement date. AIS exceeded $350 million in assets by late April 2026 and then nearly tripled that figure within months. The actively managed fund uses VistaShares’ patent-pending Bill of Materials approach, targeting the AI infrastructure supply chain rather than concentrating on large software and platform companies. Its holdings include memory-chip makers SK hynix and Micron, as well as data-center power and cooling company Vertiv. AIS references the BITA VistaShares Artificial Intelligence Supercycle Index, focuses on companies already generating AI-infrastructure revenue, charges a 0.75% expense ratio, and holds no cryptocurrency assets or tokens. AIS ranked in Morningstar’s top 1% of the U.S. Fund – Technology category for 2025, among 251 funds, although VistaShares noted that fee waivers affected the ranking period. The firm’s broader ETF lineup, which includes strategies focused on electrification, space, defense and robotics, surpassed $2 billion in assets. VistaShares’ leadership and investment committee include CEO Adam Patti, co-founder Jon McNeill, former President of Tesla; former NYU Stern Undergraduate College Dean Robert Whitelaw; formerly of Peter Thiel’s Mithril Capital, David Fetherstonhaugh; former President of Groq Sunny Madra; Base Power Co-Founder Justin Lopas; and Apex Space Co-Founder and CEO Ian Cinnamon. The firm cautions that its ETFs carry risks including possible loss of principal, market volatility, strategy and index limitations, foreign-securities exposure, limited operating history and sector-specific risks.