Kaiju ETF Advisors to Transfer BTD Capital Fund (Ticker: DIP) to NYSE from NYSE Arca

Rhea-AI Summary

Kaiju ETF Advisors announced the transfer of its AI-driven ETF, BTD Capital Fund (NYSE: DIP), to the New York Stock Exchange from NYSE Arca, effective May 1, 2023. The ticker symbol remains DIP, and no action is required from shareholders. CEO Ryan Pannell emphasized that this migration aims to enhance trading experiences by tightening spreads and improving execution prices. The NYSE's technology coupled with human expertise is expected to boost liquidity and market confidence. The fund employs advanced AI to identify market dips for quick gains, managing a high turnover rate in securities to optimize short-term returns.

Positive

• Migration to NYSE expected to enhance trading and execution experience.
• No action needed from shareholders during the transition.
• Tighter spreads and better execution prices anticipated.
• Increased liquidity and market transparency expected.
• Utilization of advanced AI for investment strategies.

Negative

• Fund subject to high portfolio turnover, increasing transaction costs.
• Potential adverse tax implications due to frequent trading.
• Limited operating history may pose challenges for performance.

CHICAGO, April 10, 2023 /PRNewswire/ -- Kaiju ETF Advisors today announced its intention to transfer its AI-driven, actively managed ETF BTD Capital Fund (NYSE: DIP), powered by the Kaiju ARC® system, to the New York Stock Exchange from NYSE Arca, effective May 1, 2023.

The fund's ticker symbol will remain DIP and shareholders are not required to take any action in connection with this listing migration. Fund trading and the fund's shareholders are not expected to be impacted during the transfer.

"We believe that migrating our ETF to the NYSE provides a better trading and execution experience for our shareholders by tightening the spreads shown in the order management systems (OMS) and execution management systems (EMS) used by portfolio managers and traders," said Ryan Pannell, CEO of Kaiju ETF Advisors. "We are committed to offering our investors the best investment and execution experience and by making this transition we believe it leads to better execution prices, increased liquidity, better market transparency, and overall improved confidence."

"We are pleased to welcome the DIP ETF to the New York Stock Exchange's iconic floor, which offers a unique trading experience that combines cutting-edge technology with human expertise," said Douglas Yones, Head of Exchange Traded Products at the NYSE. "The NYSE floor provides our issuers the opportunity to leverage the benefits of our Designated Market Maker (DMM) system, which can help reduce volatility and narrow spreads."

About DIP

While most ETFs track indices or sectors, DIP seeks to capitalize on quick-return opportunities in the market — no matter where they are or market conditions. The company's AI identifies dips, initiates buys, and then instructs when to sell rebounded shares in short order — replacing a significant portion of the ETF's holdings every day. The AI behind DIP accounts for more than 25 factors — applying scientific methods to a volume of data on a massive scale — to optimize trading decisions for short-term gain.

About Kaiju ETF Advisors

Kaiju ETF Advisors is a diverse group of physicists, mathematicians, financial behaviorists, data scientists and analysts, cryptographers, and computer programmers blending their knowledge of the markets with the power of AI — and making it available to everyone. Find DIP on the Web, Twitter, and LinkedIn.

All registered or unregistered trademarks are the sole property of their respective owners.

Investors should consider the investment objectives, risks, charges and expenses carefully before investing. For a prospectus or summary prospectus with this and other information about the Fund, please call (800) 617-0004 or visit our website at dipetf.com. Read the prospectus or summary prospectus carefully before investing.

The Fund is distributed by Quasar Distributors, LLC. Exchange Traded Concepts, LLC (the "Adviser") serves as the Fund's investment adviser. Kaiju ETF Advisors, LLC (the "Sub-Adviser") serves as the Fund's investment sub-adviser.

Investing involves risk, including loss of principal. The Fund is subject to numerous risks including but not limited to: Equity Risk, Large Cap Risk, Management Risk, and Trading Risk. The Fund is actively managed and may not meet its investment objective based on the Sub-Adviser's success or failure to implement investment strategies for the Fund. The Fund's principal investment strategies are dependent on the Sub-Adviser's understanding of artificial intelligence. The Fund relies heavily on a proprietary artificial intelligence selection model as well as data and information supplied by third parties that are utilized by such a model. Specifically, the Fund relies on the Kaiju Algorithm to implement its principal investment strategies. To the extent the model does not perform as designed or as intended, the Fund's strategy may not be successfully implemented and the Fund may lose value. A "value" style of investing could produce poor performance results relative to other funds, even in a rising market, if the methodology used by the Fund to determine a company's "value" or prospects for exceeding earnings expectations or market conditions is wrong. In addition, "value stocks" can continue to be undervalued by the market for long periods of time. The Fund is expected to actively and frequently trade securities or other instruments in its portfolio to carry out its investment strategies. A high portfolio turnover rate increases transaction costs, which may increase the Fund's expenses. Frequent trading may also cause adverse tax consequences for investors in the Fund due to an increase in short-term capital gains. The fund is new, with a limited operating history.

View original content:https://www.prnewswire.com/news-releases/kaiju-etf-advisors-to-transfer-btd-capital-fund-ticker-dip-to-nyse-from-nyse-arca-301791973.html

SOURCE Kaiju ETF Advisors

FAQ

What is the BTD Capital Fund's ticker symbol after the transfer?

The ticker symbol remains DIP after the transfer to the New York Stock Exchange.

When is the BTD Capital Fund transferring to the NYSE?

The transfer to the NYSE is effective on May 1, 2023.

How will the NYSE transfer affect BTD Capital Fund shareholders?

Shareholders are not required to take any action, and the fund's trading is not expected to be impacted.

What benefits does the NYSE provide for the BTD Capital Fund?

The NYSE provides tighter spreads, better execution prices, increased liquidity, and enhanced market transparency.

What investment strategy does the BTD Capital Fund use?

The fund employs AI to identify market dips for quick-return opportunities, frequently trading securities.