US Market News
1週前
Procure Space ETF (UFO) Surpasses $1 Billion in Assets Under ManagementMay 27, 2026 11:06 AM
NewsfileWorld's First Pure-Play Space Economy ETF Crosses Landmark Threshold as Commercial Space Sector MaturesLevittown, Pennsylvania--(Newsfile Corp. - May 27, 2026) - ProcureAM, LLC, issuer of the Procure Space ETF® (NASDAQ: UFO), today announced that the fund has surpassed $1 billion in assets under management (AUM), marking a milestone moment for both the firm and the rapidly expanding space economy investment category.Launched in April 2019 as the first U.S.-listed pure-play space exchange-traded fund, UFO provides investors with diversified exposure to companies generating a substantial portion of their revenue from space-related business activities, including satellite communications, launch services, space-based imagery and intelligence, GPS and navigation, and ground-based equipment and infrastructure."Crossing $1 billion in AUM is a powerful validation of what we believed when we launched UFO seven years ago: that the space economy would graduate from a thematic curiosity to a core allocation in forward-looking portfolios," said Andrew Chanin, CEO and Co-Founder of ProcureAM. "This milestone reflects the conviction of our shareholders and the extraordinary growth of an industry now powering everything from broadband connectivity to climate monitoring to national security."The fund's growth tracks the broader commercialization of the space sector, which is projected to reach $1 trillion or more in annual revenue by 20341. Recent catalysts contributing to investor demand include the maturation of reusable launch infrastructure, sustained government and defense contract flow, accelerating low-Earth-orbit broadband deployments, and the public market debuts of multiple space economy companies over the past two years.UFO tracks the VettaFi Space IndexSM*, which is constructed to ensure that included companies derive a meaningful share of revenue from the space economy - a methodology designed to differentiate the fund from broader aerospace and defense products that include only incidental space exposure.ProcureAM noted that the fund's investor base has expanded across retail, registered investment advisor (RIA), and institutional channels, with growing interest from family offices and thematic allocators positioning around long-duration technology trends.For more information about the Procure Space ETF®, please visit www.ProcureETFs.com.About ProcureAMProcureAM, LLC (ProcureAM) is an innovative exchange-traded product issuer. Established by renowned industry veterans Robert Tull and Andrew Chanin, ProcureAM offers a unique platform for the creation of both proprietary and partnered ETPs. Whether you are looking to invest in ETPs or create one, contact ProcureAM to explore your performance potential: www.ProcureETFs.com.Media ContactGregory Agency
US Market News
2月前
VettaFi Accelerates Into the New Space Age: Pioneering "Day-One" Index Inclusion for SpaceX and Industry TitansApril 20, 2026 8:00 AM
NewsfileNew York, New York--(Newsfile Corp. - April 20, 2026) - VettaFi, a differentiated index provider with modern distribution solutions and TMX Group subsidiary, today announced a strategic modernization of its flagship space benchmark. Effective May 15, 2026, the S-Network Space Index (NYSE: SPACE) will be rebranded as the VettaFi Space Index and adapt its "fast-track" methodology. The rule update is designed to better reflect the rapidly maturing space economy by allowing the immediate inclusion of newly listed industry leaders, paving the way for a SpaceX addition mid-2026.With this update, VettaFi establishes itself as one of the first index providers to target immediate, day-one exposure to mega-cap IPOs, setting a new standard for agility in thematic indexing. As the commercial space industry transitions from experimental ventures to a trillion-dollar global industry, the VettaFi Space Index is evolving to ensure investors have exposure to the most influential players driving us deeper into the final frontier.Capturing Industry Leadership: The SpaceX Integration
The most significant update to the index methodology is the expansion of the index's "Fast-Track Inclusion" rule. This allows the index to bypass traditional waiting periods for private companies that have recently transitioned to public markets, ensuring the index includes the most cutting-edge companies in the industry."The space industry is no longer just about 'what if'-it is about 'what is happening now,'" said Jane Edmondson, Head of Index Product Strategy at VettaFi. "By fast-tracking the inclusion of dominant forces like SpaceX, we are ensuring that the VettaFi Space Index accurately reflects the leaders of the orbital economy, providing a more precise benchmark for the next generation of space innovation."Key Highlights of the Methodology Update:Mega-Cap Accessibility: Accelerated entry for high-valuation leaders with increased index weight potential for mega-cap companies in launch services, satellite communications, and deep-space exploration.Pure-Play Focus: Refined filters to ensure constituents derive significant revenue or strategic value from space-based activities.Dynamic Rebalancing: Increased agility in responding to the fast-paced M&A and IPO activity within the space ecosystem.A New Era for the SPACE Index
The rebranding marks the full integration of the index into VettaFi's robust suite of thematic benchmarks. While the ticker SPACE remains unchanged, the index will now benefit from VettaFi's enhanced data capabilities and a more aggressive approach to capturing market leadership.The VettaFi Space Index continues to serve as the underlying benchmark for the Procure Space ETF (NASDAQ: UFO), now refined to proactively meet the scale of the next generation of interstellar innovation.About VettaFiVettaFi is a differentiated index provider, helping asset managers across the globe build and grow their product suites. With an industry-leading index platform, it partners with issuers to develop innovative investment solutions and bring them to market. Beyond that, its modern distribution solutions help clients scale products and achieve success.For more information, please visit: www.VettaFi.comVettaFi LLC is a wholly owned subsidiary of TMX Group Limited (TMX Group). For more information about TMX Group, please visit: www.tmx.comMedia Contact: Chris Sullivan chris@craftandcapital.comSource: VettaFiTo view the source version of this press release, please visit https://www.newsfilecorp.com/release/293200
Original: VettaFi Accelerates Into the New Space Age: Pioneering "Day-One" Index Inclusion for SpaceX and Industry Titans
US Market News
2月前
Procure Space ETF (UFO) Surpasses $500 Million in Assets Under Management, Marks Seven-Year AnniversaryApril 16, 2026 12:10 PM
NewsfileMilestone underscores growing investor demand for exposure to the rapidly expanding space economyLevittown, Pennsylvania--(Newsfile Corp. - April 16, 2026) - Procure Space ETF® (NASDAQ: UFO), the world's first exchange-traded fund focused exclusively on the global space industry, announced that it has surpassed $500 million in assets under management (AUM), coinciding with the fund's seven-year anniversary.1Since its launch in 2019, UFO has provided investors with targeted access to a dynamic and fast-evolving sector that includes satellite communications, Earth observation, launch services, and space-based infrastructure. The fund's growth to over half a billion dollars in AUM reflects increasing recognition of the space economy as a critical and investable frontier."Reaching $500 million in assets is a significant milestone and a testament to the growing importance of the space economy in global markets," said Andrew Chanin, CEO at ProcureAM. "Almost a decade ago we recognized the vital role the space sector would play in everyday life, powering everything from navigation and communications to national security and climate monitoring, which is why we launched the world's first pure-play space exchange-traded fund."The Procure Space ETF® tracks the S-Network Space Index*, offering diversified exposure to companies that derive a substantial portion of their revenues from space-related activities. As commercial innovation accelerates and government investment continues to rise, the space sector is poised for sustained long-term growth.Over the past seven years, the space industry has undergone a dramatic transformation, driven by declining launch costs, increased private sector participation, and advancements in satellite technology. Companies across the space value chain have benefited from these tailwinds, positioning the sector as a compelling opportunity for investors seeking growth and diversification."As we celebrate seven years of UFO, we remain committed to providing investors with pure-play access to the space economy," added Chanin. "We believe the next decade will bring even greater innovation and expansion, and we're excited to continue helping investors participate in this journey."For more information about the Procure Space ETF®, please visit www.ProcureETFs.com.About ProcureAM ProcureAM, LLC (ProcureAM) is an innovative exchange-traded product issuer. Established by renowned industry veterans Robert Tull and Andrew Chanin, ProcureAM offers a unique platform for the creation of both proprietary and partnered ETPs. Whether you are looking to invest in ETPs or create one, contact ProcureAM to explore your performance potential: www.ProcureETFs.com. Media contact:
Gregory Agency
procuream@gregoryagency.com1Procure Space ETF®, for standardized performance click here www.ProcureETFs.com/ufo, April 16th, 2026.Performance data quoted represents past performance and does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance of the Funds may be lower or higher than the performance quoted. All performance is historical and includes reinvestment of dividends and capital gains. Performance data current to the most recent month end may be obtained by calling 866-690-ETFS (3837).Important Information:*The S-Network Space Index is a modified capitalization-weighted, free float- and space revenue percentage-adjusted equity index designed to serve as an equity benchmark for a globally traded portfolio of companies that are engaged in space-related business. It is not possible to invest in an index.For a complete list of holdings in UFO, visit: https://procureetfs.com/ufo/.Please consider the Fund's investment objectives, risks, and charges and expenses carefully before you invest. This and other important information is contained in the Fund's summary prospectus and prospectus, which can be obtained by visiting procureetfs.com. Read carefully before you invest.Investing involves risk. Principal loss is possible.Aerospace and defense companies can be significantly affected by government aerospace and defense regulation and spending policies. The exploration of space by private industry and the harvesting of space assets is a business based in future and is witnessing new entrants into the market. Investments in the Fund will be riskier than traditional investments in established industry sectors. The Fund is considered to be concentrated in securities of companies that operate or utilize satellites which are subject to manufacturing delays, launch delays or failures, and operational and environmental risks that could limit their ability to utilize the satellites needed to deliver services to customers. Investing in foreign securities are volatile, harder to price, and less liquid than U.S. securities. Securities of small- and mid-capitalization companies may experience much more price volatility, greater spreads between their bid and ask prices and significantly lower trading volumes than securities issued by large, more established companies.UFO is distributed by Quasar Distributors LLC. To view the source version of this press release, please visit https://www.newsfilecorp.com/release/292877
Original: Procure Space ETF (UFO) Surpasses $500 Million in Assets Under Management, Marks Seven-Year Anniversary
BottomBounce
2月前
$SPCE 🚀 The Space Tourism Boom Is Just Getting Started
🌌 1. Demand for Space Access Is Exploding
Global instability is pushing governments and private capital into aerospace faster than ever. Suborbital flight is becoming the next frontier, and $SPCE sits at the center of a market that’s finally waking up.
💸 2. Suborbital Research Is a Multi-Billion Dollar Opportunity
As aviation costs surge, suborbital missions are becoming the cheaper, faster, and more scalable option for scientific testing. Virgin Galactic isn’t just a tourism play — it’s a gateway to an entirely new research economy.
🛡️ 3. National Security Tailwinds Are Massive
Countries need rapid-test environments for materials, sensors, and defense tech. Suborbital access gives them that edge. $SPCE is positioned to become a strategic partner in a sector that’s about to see explosive government spending.
🔧 4. Policy Momentum Is Turning Into Real Money
Space agencies and think tanks are calling commercial spaceflight essential infrastructure. That’s not hype — that’s the early signal of long-term funding cycles that can reshape the entire industry.
📈 The Bottom Line
$SPCE isn’t just a stock — it’s a pure-play bet on the next era of human flight. As demand for space access accelerates, Virgin Galactic is positioned at the front of a sector with massive upside, global attention, and a once-in-a-generation growth curve. $UFO
US Market News
2月前
The Procure Space ETF (UFO) Can Now Be Traded on CoinbaseApril 7, 2026 11:11 AM
NewsfileLevittown, Pennsylvania--(Newsfile Corp. - April 7, 2026) - ProcureAM is excited to share that the world's first pure-play ETF, the Procure Space ETF® (NASDAQ: UFO), can now be traded on Coinbase. UFO will be available to customers in the United States 24 hours a day, 5 days a week. Coinbase enables investors to buy and sell exchange-traded funds 24 hours a day, 5 days a week allowing for faster reaction to ever-changing market news. Coinbase users can now hold crypto, Bitcoin and ETFs in the same application thereby merging traditional financial products with the digital asset economy.The Procure Space ETF® was up 14.26% year-to-date as of March 30th, 20261 and experienced a record 2025, with the fund's performance increasing 67.94% for the year ending December 31st, 2025.2 UFO is the first pure-play space ETF dedicated exclusively to companies positioned to benefit from the advancement of space-related technologies and services. The fund provides targeted exposure to firms involved in satellite communications, launch services, space exploration, Earth observation, and other space-enabled applications.For more information about the Procure Space ETF®, visit https://www.procureetfs.com.About ProcureAM ProcureAM, LLC (ProcureAM) is an innovative exchange-traded product issuer. Established by renowned industry veterans Robert Tull and Andrew Chanin, ProcureAM offers a unique platform for the creation of both proprietary and partnered ETPs. Whether you are looking to invest in ETPs or create one, contact ProcureAM to explore your performance potential: www.ProcureETFs.com. Media contact:
Gregory Agency
procuream@gregoryagency.com1Yahoo Finance, www.finance.yahoo.com, March 30, 2026.
2Procure Space ETF®, For standardized performance click here www.ProcureETFs.com/ufo, March 25, 2026.Performance data quoted represents past performance and does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance of the Funds may be lower or higher than the performance quoted. All performance is historical and includes reinvestment of dividends and capital gains. Performance data current to the most recent month end may be obtained by calling 866-690-ETFS (3837).Important Information:For a complete list of holdings in UFO, visit: https://procureetfs.com/ufo/.Please consider the Fund's investment objectives, risks, and charges and expenses carefully before you invest. This and other important information is contained in the Fund's summary prospectus and prospectus, which can be obtained by visiting procureetfs.com. Read carefully before you invest.Investing involves risk. Principal loss is possible.Aerospace and defense companies can be significantly affected by government aerospace and defense regulation and spending policies. The exploration of space by private industry and the harvesting of space assets is a business based in future and is witnessing new entrants into the market. Investments in the Fund will be riskier than traditional investments in established industry sectors. The Fund is considered to be concentrated in securities of companies that operate or utilize satellites which are subject to manufacturing delays, launch delays or failures, and operational and environmental risks that could limit their ability to utilize the satellites needed to deliver services to customers. Investing in foreign securities are volatile, harder to price, and less liquid than U.S. securities. Securities of small- and mid-capitalization companies may experience much more price volatility, greater spreads between their bid and ask prices and significantly lower trading volumes than securities issued by large, more established companies.UFO is distributed by Quasar Distributors LLC. Securities offered by Coinbase Capital Markets Corp, member FINRA /SIPC (https://www.sipc.org). Securities services offered by Coinbase Capital Markets Corp are separate from digital asset services provided by Coinbase Inc., and any affiliates. SIPC does not apply to digital assets or cash held in your Coinbase Inc. account. Additional information about your broker, Coinbase Capital Markets Corp, can be found on FINRA's BrokerCheck (https://brokercheck.finra.org). Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or security or to employ a particular investment strategyTo view the source version of this press release, please visit https://www.newsfilecorp.com/release/291089
Original: The Procure Space ETF (UFO) Can Now Be Traded on Coinbase