Solactive is pleased to announce its first collaboration with PurePlay ETFs, LLC in connection with the launch of PurePlay NVIDIA Ecosystem Picks & Shovels Index ETF that tracks the Solactive Nvidia Ecosystem Picks & Shovels Index. The product is designed to provide exposure to companies across the broader supply chain associated with the development of artificial intelligence infrastructure. As market attention around artificial intelligence continues to expand, interest has also grown in the hardware, systems, and industrial inputs that support its development and deployment. While Nvidia has been a central participant in recent AI-related market activity, a broader set of companies contributes to semiconductor manufacturing, packaging, connectivity, server infrastructure, and critical materials used across the AI value chain.
The Solactive Nvidia Ecosystem Picks & Shovels Index identifies companies across Nvidia’s global ecosystem using supply-chain relationship data to capture both direct and indirect connections. It focuses on companies that generate at least 50% of revenues from activities such as semiconductor manufacturing, semiconductor equipment, AI server assembly, data-center infrastructure, high-speed networking, and critical raw materials. In this way, the index is designed to reflect the broader industrial and technological infrastructure associated with AI development, rather than concentrating on a single company. Constituents are weighted in accordance with a transparent and rules-based methodology intended to provide diversified exposure across relevant segments of the AI supply chain. The index is reviewed and rebalanced on a regular basis to reflect changes in the ecosystem and the applicable revenue exposure criteria.
The ETF was listed on 18 June 2026 on the NASDAQ with the ticker “NVPS”.
Timo Pfeiffer, Chief Markets Officer at Solactive, commented: “We are pleased to mark our first collaboration with PurePlay ETFs through the launch of this ETF linked to the Solactive Nvidia Ecosystem Picks & Shovels Index. Solactive is committed to delivering innovative index solutions tailored to the specific needs of our clients. This theme highlights the broader industrial and technological backbone behind AI, focusing on the companies that support the ecosystem across infrastructure, components, and materials.”
Joseph DeYonker, CEO, at PurePlay ETFs, commented: “We are incredibly proud to partner with Solactive to launch the first ETF in the United States dedicated exclusively to tracking the Nvidia value chain. Because Nvidia operates on a fabless model, their historic growth is entirely dependent on a complex, global network of highly specialized suppliers and manufacturing partners. This ETF gives investors direct, concentrated access to the mission-critical 'picks and shovels' of the Nvidia ecosystem—from EUV lithography and high-bandwidth memory to advanced CoWoS packaging, data center cooling, and more—capturing the full spectrum of infrastructure that physically makes the AI revolution possible all the way from the raw materials to the data center buildout.”
