## [# Corgi Launches 34 ETFs & Raises $160M in a Single Day](/sections/features/corgi-launches-34-etfs-raises-160m-single-day) # Corgi Launches 34 ETFs & Raises $160M in a Single Day The Y Combinator-backed insurance startup is bringing the tech industry's VC-funded playbook to the ETF business. [![sumit](/sites/default/files/styles/author_image_icon/public/2023-03/Sumit_0.png?itok=SO-7S5SH "sumit")](/authors/sumit-roy) [By Sumit Roy ](/authors/sumit-roy) May 06, 2026 Edited by: ETF.com Staff [ + Follow ](/etf/login) Share Email LinkedIn Facebook X (Twitter) googletag.cmd.push(function() { googletag.display('js-dfp-tag-article_page_302x26'); }); Loading Corgi launched a plethora of new ETFs this week as the VC-funded startup looks to make a splash in the ETF space. On Wednesday, the firm announced the launch of 28 actively managed thematic ETFs tied to everything from AI cybersecurity to quantum computing to the Mag 7. In addition, the firm launched six buffer ETFs on Wednesday, on top of the three it launched on May 1. The firm previously launched the [**Corgi Founder-Led ETF (FDRS)**](/fdrs) and the [**Corgi Founder-Led 2x Daily ETF (FDRX)**](/fdrx) in late December and mid-January, which have $82 million and $18 million in AUM, respectively. As Dave [tweeted](https://x.com/DaveNadig/status/2051776418753732827) yesterday, many of these new ETFs are coming in with category-low fees. The **Corgi Robots & Humanoids ETF (CBOT)**, for instance, has a 0.35% fee versus 0.68% for the [**Global X Robotics & AI ETF (BOTZ)**](/botz), while the **Corgi Magnificent 7 ETF (CMAG)** has an expense ratio of 0.2% versus 0.3% for the [**Roundhill Magnificent Seven ETF (MAGS)**](/mags.). # Corgi ETF launch: fee check 34 planned ETFs vs. the closest live competitor by theme. AUM is for the comparator, not the new Corgi fund. **Theme** **Corgi** **Fee** **Closest Live ETF** **AUM** **Fee** Emerging markets buffer [**EMMY**](https://www.etf.com/EMMY) 0.40% [**EJAN**](https://www.etf.com/EJAN) Innovator EM Power Buffer $136.9M 0.89% Developed ex-US buffer [**IDMY**](https://www.etf.com/IDMY) 0.40% [**IMAY**](https://www.etf.com/IMAY) Innovator Intl Dev Buffer $31.7M 0.85% Growth & tech buffer [**QMY**](https://www.etf.com/QMY) 0.40% [**QMAY**](https://www.etf.com/QMAY) Innovator Growth-100 Buffer $13.3M 0.79% U.S. equity 100% buffer [**HMAY**](https://www.etf.com/HMAY) 0.40% [**ZMAY**](https://www.etf.com/ZMAY) Innovator Defined Protection $33.5M 0.79% U.S. equity 30% buffer [**CTMA**](https://www.etf.com/CTMA) 0.40% [**UMAY**](https://www.etf.com/UMAY) Innovator Ultra Buffer $57.7M 0.79% U.S. small-cap buffer [**SCMY**](https://www.etf.com/SCMY) 0.40% [**KMAY**](https://www.etf.com/KMAY) Innovator Small Cap Buffer $13.7M 0.79% Magnificent 7 [**CMAG**](https://www.etf.com/CMAG) 0.20% [**MAGS**](https://www.etf.com/MAGS) Roundhill Magnificent Seven $4.67B 0.30% Bay Area based companies [**BAY**](https://www.etf.com/BAY) 0.20% [**QQQ**](https://www.etf.com/QQQ) Invesco QQQ Trust $443.9B 0.18% NYC based companies [**NYNY**](https://www.etf.com/NYNY) 0.20% [**XLF**](https://www.etf.com/XLF) Financial Select Sector SPDR $51.9B 0.08% Aerospace & aviation [**AV**](https://www.etf.com/AV) 0.35% [**JETS**](https://www.etf.com/JETS) U.S. Global Jets ETF $735.6M 0.60% AI cybersecurity [**XA**](https://www.etf.com/XA) 0.35% [**CIBR**](https://www.etf.com/CIBR) First Trust Cybersecurity $10.4B 0.58% Battery storage systems [**WATS**](https://www.etf.com/WATS) 0.35% [**LIT**](https://www.etf.com/LIT) Global X Lithium & Battery $2.06B 0.75% Beauty & aesthetics [**GLAM**](https://www.etf.com/GLAM) 0.35% [**XLP**](https://www.etf.com/XLP) Consumer Staples SPDR $14.6B 0.08% Coffee & energy drinks [**BREW**](https://www.etf.com/BREW) 0.35% [**XLP**](https://www.etf.com/XLP) Consumer Staples SPDR $14.6B 0.08% Crypto infrastructure [**BLCK**](https://www.etf.com/BLCK) 0.35% [**BLOK**](https://www.etf.com/BLOK) Amplify Blockchain Tech $1.19B 0.70% Eyes & surveillance [**EYES**](https://www.etf.com/EYES) 0.35% [**SHLD**](https://www.etf.com/SHLD) Global X Defense Tech $8.05B 0.50% Genomics & precision medicine [**GNMX**](https://www.etf.com/GNMX) 0.35% [**ARKG**](https://www.etf.com/ARKG) ARK Genomic Revolution $1.25B 0.75% High-voltage grid equipment [**JOUL**](https://www.etf.com/JOUL) 0.35% [**GRID**](https://www.etf.com/GRID) First Trust Smart Grid $10.0B 0.56% Lifestyle brands [**STYL**](https://www.etf.com/STYL) 0.35% [**XLY**](https://www.etf.com/XLY) Consumer Discretionary SPDR $23.2B 0.08% Longevity consumer [**YUNG**](https://www.etf.com/YUNG) 0.35% [**AGNG**](https://www.etf.com/AGNG) Global X Aging Population $81.6M 0.50% Natural gas power & turbines [**GASZ**](https://www.etf.com/GASZ) 0.35% [**FCG**](https://www.etf.com/FCG) First Trust Natural Gas $807.6M 0.59% Ports, rail & freight [**DOCK**](https://www.etf.com/DOCK) 0.35% [**IYT**](https://www.etf.com/IYT) iShares U.S. Transportation $2.03B 0.38% Quantum computing [**CQTM**](https://www.etf.com/CQTM) 0.35% [**QTUM**](https://www.etf.com/QTUM) Defiance Quantum ETF $4.34B 0.40% Robots & humanoids [**CBOT**](https://www.etf.com/CBOT) 0.35% [**BOTZ**](https://www.etf.com/BOTZ) Global X Robotics & AI $3.52B 0.68% Shipping & logistics [**HULL**](https://www.etf.com/HULL) 0.35% [**BOAT**](https://www.etf.com/BOAT) SonicShares Global Shipping $80.0M 0.69% Sports betting & gambling [**ODDZ**](https://www.etf.com/ODDZ) 0.35% [**BETZ**](https://www.etf.com/BETZ) Roundhill Sports Betting $50.4M 0.75% Travel & leisure [**WNDR**](https://www.etf.com/WNDR) 0.35% [**PEJ**](https://www.etf.com/PEJ) Invesco Leisure & Entertainment $244.6M 0.57% U.S. defense [**WR**](https://www.etf.com/WR) 0.35% [**ITA**](https://www.etf.com/ITA) iShares Aerospace & Defense $13.5B 0.38% Buy now, pay later [**LATR**](https://www.etf.com/LATR) 0.35% [**ARKF**](https://www.etf.com/ARKF) ARK Fintech Innovation $862.3M 0.75% Space & satellites [**DIPR**](https://www.etf.com/DIPR) 0.35% [**UFO**](https://www.etf.com/UFO) Procure Space ETF $74.5M 0.75% Digital banking & fintech [**KYC**](https://www.etf.com/KYC) 0.35% [**FINX**](https://www.etf.com/FINX) Global X FinTech $193.9M 0.68% Lithography & semi photonics [**EUV**](https://www.etf.com/EUV) 0.35% [**SMH**](https://www.etf.com/SMH) VanEck Semiconductor $59.3B 0.35% Drones & urban air mobility [**BZZ**](https://www.etf.com/BZZ) 0.35% [**DRNZ**](https://www.etf.com/DRNZ) ReX Drone ETF $94.0M 0.65% IP licensing & royalties [**PTNT**](https://www.etf.com/PTNT) 0.35% [**ITAN**](https://www.etf.com/ITAN) Sparkline Intangible ETF $76.5M 0.70% Comparator = largest close-live ETF/proxy; not always a perfect one-for-one theme match. Corgi fees from SEC advisory-fee exhibit; competitor AUM/fees from issuer/ETF data pages gathered May 5, 2026. Each of Corgi's thematic funds has an expense ratio of between 0.2% and 0.35%, while the buffer ETFs have a 0.40% expense ratio with temporary fee waivers bringing that down to 0.30%. ## The Spaghetti Cannon Bloomberg senior ETF analyst Eric Balchunas has described ETF issuers as often launching a spaghetti cannon and seeing what sticks. This is the ultimate example of that. Corgi has hundreds more ETFs filed that it will be launching in the coming months. But while the spaghetti cannon isn't new, Corgi is taking it to the next level using a playbook familiar to the tech industry but maybe not so much to the ETF industry: using VC funding to undercut competitors and take over a market. On Wednesday, the same day it launched 34 ETFs, it announced that it raised $160 million of Series B funding at a $1.3 billion valuation. Previously, the company had raised $108 million across Series A and seed rounds. Most of that money likely isn't going toward the ETF business, though. Corgi describes itself as a "full-stack insurance platform built for technology companies" and offers coverage for general liability, cyber liability, and tech and AI liability, among others. The company said in its funding announcement that it's also expanding into trucking. googletag.cmd.push(function() { googletag.display('js-dfp-tag-in_article_unit'); }); ## Will It Work? We'll see what happens and whether Corgi’s funds resonate with investors. While many of the ETFs overlap with existing offerings, some are genuinely new and interesting. The **Corgi Lithography & Semiconductor Photonics ETF (EUV)**, for instance, offers exposure to a segment of the AI trade that's been ripping recently. Similar to how memory stocks have ripped and propelled [**Roundhill Memory ETF (DRAM)**](/dram) into a multibillion-dollar ETF, photonics is a subsegment of the AI trade that some are gravitating toward, and there hasn't been a clean way to invest in a diversified basket of these names. EUV is the kind of fund that could justify Corgi's approach if it hits. Most ETFs, though, never gather meaningful assets. Corgi is betting that with 34 launches and potentially hundreds more on the way, enough of them will hit to create a profitable business. The venture money buys time most issuers don't get. [ + Follow ](/etf/login) [ Sumit Roy Senior ETF Analyst ](/authors/sumit-roy) Sumit Roy is the senior ETF analyst for etf.com and author of (Don't) Invest Like a Pro. He creates a variety of content for the platform, including… [View Bio](/authors/sumit-roy) Related Topics [Advisor Center](http://www.etf.com/topics/advisor-center-0) [ETF Launches](http://www.etf.com/taxonomy/term/18028)