GraniteShares Files for ETF Targeting AI-Driven Nuclear and Grid Expansion

GraniteShares has filed for the GraniteShares AI Grid & Nuclear Build-Out ETF, an actively managed fund targeting electricity infrastructure needed to support AI data center growth. The ETF will invest at least 80% of its assets in grid and nuclear companies or related swaps, with proposed minimum allocations of 30% each to nuclear and grid businesses. Eligible industries include uranium mining, nuclear fuel, advanced reactors, transformers, power distribution equipment, and grid construction. The strategy emphasizes companies building, equipping, and fueling new capacity rather than traditional power producers, with a proposed 15% cap on electricity-generating utilities and independent power producers. The global portfolio will rebalance at least quarterly, with a 20% cap on individual holdings. The fund may also allocate up to 15% to illiquid investments, including private companies and pre-IPO perpetual futures swaps, without using derivatives for leveraged exposure.