GraniteShares Files for Defense AI and Autonomous Warfare ETF

GraniteShares has filed for the GraniteShares Defense AI Software & Autonomy ETF, an actively managed fund targeting companies developing artificial intelligence and autonomous technologies for military and national security applications. The ETF will invest at least 80% of its assets in defense AI companies, focusing on intelligence analysis, battlefield decision-making, AI-powered cybersecurity, electronic warfare, autonomous drones, unmanned vehicles, and counter-drone systems. The strategy prioritizes specialized defense technology providers over traditional military contractors, with exposure spanning the U.S. and allied countries. Holdings will be capped at 20% per company, with quarterly rebalancing. Notably, the fund may also access private defense AI companies through special purpose vehicles and pre-IPO perpetual futures swaps, subject to a 15% limit on illiquid investments.