The US financial company Wedbush Securities, in collaboration with tech expert Dan Ives, has announced the launch of its new investment product called an ETF.
This ETF, named the Dan Ives Wedbush AI Revolution ETF, focuses on companies involved in artificial intelligence (AI). It includes businesses working on things like AI chips, software, infrastructure, and consumer products.
Dan Ives, a well-known tech analyst at Wedbush, explained that AI isn’t just helping chipmakers anymore; it’s now boosting many different industries.
As per the CNBC post, the ETF will invest in companies that are leading in AI innovation, forming partnerships, and using AI in their work. Wedbush, a 70-year-old financial company from Los Angeles, decided to enter the $11 trillion ETF market for the first time with this AI-focused fund.
They filed paperwork with the Securities and Exchange Commission (SEC) earlier in 2025 to make the move happen. The fund faces competition from established players like the Global X Artificial Intelligence & Technology ETF (AIQ), which manages over $3 billion in assets and has risen 22% in the past year.
While IVES comes with a management fee of 0.75%, higher than many thematic ETFs but below the 1% average for active U.S. funds, it aims to attract investors betting on AI’s long-term growth.
Many people have praised Ives’ analysis, while others have expressed skepticism about his optimism about Tesla’s rebound in China.
Wedbush’s move reflects a broader trend of legacy financial firms targeting tech-driven investment themes. The firm plans to distribute the ETF through internal and external channels, with more products in the pipeline. Investors are watching closely as AI continues to reshape global markets.
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