Yorkville will acquire exposure to Anthropic and OpenAI through perpetual contracts and launch the MANGOS Plus Index ETF

According to Reuters, Steve Neamtz, CEO of Yorkville America, stated that the company is nearing completion of the acquisition of an institutional asset management company, with delivery expected in September. Yorkville will launch the MANGOS Plus Index ETF on Monday, which tracks indices of AI concept stocks including Meta, Anthropic, Nvidia, Alphabet, OpenAI, SpaceX, Micron, SanDisk, and others. Due to Anthropic and OpenAI being unlisted companies, the fund will obtain price exposure for both companies through perpetual futures contracts. Neamtz stated that this is the first release of the company's digital and encryption product segment. Currently, Yorkville has submitted over a dozen ETF issuance applications.