{"success":true,"data":{"pressRelease":{"id":"158434","rtpr_id":"nBw2xLZmQa-20261001","ticker":"TRIL","exchange":"CBOE","all_tickers":["TRIL"],"title":"VegaShares Announces Launch of the VegaShares Trillions ETF (TRIL)","author":"Business Wire","published_at":"2026-10-01T14:03:00.091Z","article_body":"VegaShares Announces Launch of the VegaShares Trillions ETF (TRIL)\n\nVegaShares\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fvegasharesetfs.com&esheet=54613921&newsitemid=20260930989841&lan=en-US&anchor=VegaShares&index=1&md5=8f2fbb93cc400962516f7e9c7a8da3aa)\n, a leading derivatives- and thematic-focused ETF provider, announced the\nlaunch of the VegaShares Trillions ETF (Cboe: TRIL). The ETF seeks capital\nappreciation by investing in globally listed companies with a market\ncapitalization of at least USD $1 trillion.\n\n“A trillion dollars in market cap is a rare threshold to cross. Most\nmega-cap funds lock in a fixed list of companies, but TRIL was built to move\nwith the market,” said Adam Stempel, Co-Founder of VegaShares. “TRIL\noffers investors a buy-and-hold opportunity for long-term exposure to the\nlargest global companies that shape the world.”\n\nCompanies that reach the USD $1 trillion market capitalization milestone\ntypically lead their industries in revenue and hold competitive advantages\nbuilt over decades, including entrenched customer ecosystems and cost\nstructures smaller rivals may not be able to match. These businesses generate\nsubstantial operating cash flow that allows for research funding and capital\nspending at a scale most smaller companies cannot sustain.\n\nThe VegaShares Trillions ETF offers investors active, professionally managed\nexposure to the world's largest and most dominant public companies.\n TRIL Sixteen Holdings:                                         \n Company Name                                 Ticker    Weight  \n Advanced Micro Devices Inc.                  AMD US    6.25%   \n Alphabet Inc.                                GOOGL US  6.25%   \n Amazon.com Inc.                              AMZN US   6.25%   \n Apple Inc.                                   AAPL US   6.25%   \n Berkshire Hathaway Inc.                      BRK.B US  6.25%   \n Broadcom Inc.                                AVGO US   6.25%   \n Eli Lilly and Company                        LLY US    6.25%   \n Meta Platforms Inc.                          META US   6.25%   \n Micron Technology Inc.                       MU US     6.25%   \n Microsoft Corporation                        MSFT US   6.25%   \n NVIDIA Corporation                           NVDA US   6.25%   \n Samsung Electronics Co. Ltd.                 SMSN LI   6.25%   \n SK hynix Inc.                                SKHY US   6.25%   \n Space Exploration Technologies Corp.         SPCX US   6.25%   \n Taiwan Semiconductor Manufacturing Co. Ltd.  TSM US    6.25%   \n Tesla Inc.                                   TSLA US   6.25%   \n Holdings as of 10/1/2026 and are subject to change.            \n\n\nAbout VegaShares\n\nVegaShares specializes in derivatives-based ETFs and other innovative\ninvestment strategies. Developed by institutional experts, VegaShares blends\nquantitative research with disciplined risk management to create liquid,\nexchange-traded tools for modern investors seeking efficiency, precision, and\nperformance.\n\nBefore investing, carefully consider the fund's investment objectives, risks,\nand charges and expenses. The prospectus and summary prospectus contain this\nand other important information and may be obtained by visiting\nVegaSharesETFs.com or calling 1-888-862-3299. Read it carefully before\ninvesting.\n\nThe fund, its investment adviser Tidal Investments LLC (the “Adviser”),\nits investment sub-adviser Vega Capital Partners LLC (the “Sub-Adviser”),\nand its distributor do not provide tax, legal, or investment advice. Investors\nshould consult a financial professional regarding an investment in the fund\nand should carefully consider the fund's investment objectives, risks,\ncharges, and expenses before investing.\n\nThe VegaShares Trillions ETF is a series of Tidal Trust IV (the “Trust”)\nand is an exchange traded fund. Shares of the fund are bought and sold at\nmarket price (not net asset value) and are not individually redeemed from the\nfund. Brokerage commissions and bid/ask spreads will reduce returns.\n\nInvesting involves risk, including the loss of principal. An investment in the\nFund is subject to investment risks; therefore, you may lose money by\ninvesting in the Fund. There can be no assurance that the Fund will be\nsuccessful in meeting its investment objective. The Fund is not intended to be\na complete investment program. Generally, the Fund will be subject to the\nfollowing principal risks:\n\n\n * Semiconductors & Semiconductor Equipment Industry Risk: Semiconductor\ncompanies may face intense competition, both domestically and internationally,\nand such competition may have an adverse effect on their profit margins.\nSemiconductor companies may have limited product lines, markets, financial\nresources or personnel. Semiconductor companies' supply chain and operations\nare dependent on the availability of materials that meet exacting standards\nand the use of third parties to provide components and services. Semiconductor\ncompanies may rely on a limited number of suppliers, or upon suppliers in a\nsingle location, for certain materials, equipment or tools. Finding and\nqualifying alternate or additional suppliers can be a lengthy process that can\ncause production delays or impose unforeseen costs, and such alternatives may\nnot be available at all. Production can be disrupted by the unavailability of\nresources, such as water, silicon, electricity, gases and other materials.\nSuppliers may also increase prices or encounter cybersecurity or other issues\nthat can disrupt production or increase production costs.\n\n * Information Technology Sector Risk: The information technology sector includes\ncompanies engaged in internet software and services, technology hardware and\nstorage peripherals, electronic equipment instruments and components, and\nsemiconductors and semiconductor equipment, among other things. Information\ntechnology companies face intense competition, both domestically and\ninternationally, which may have an adverse effect on profit margins.\nInformation technology companies may have limited product lines, markets,\nfinancial resources or personnel. The products of information technology\ncompanies may face rapid product obsolescence due to technological\ndevelopments and frequent new product introduction, unpredictable changes in\ngrowth rates and competition for the services of qualified personnel. Failure\nto introduce new products, develop and maintain a loyal customer base, or\nachieve general market acceptance for their products could have a material\nadverse effect on a company's business. Companies in the information\ntechnology sector are heavily dependent on intellectual property, and the loss\nof patent, copyright and trademark protections may adversely affect the\nprofitability of these companies.\n\n * Large-Capitalization Investing: The securities of large-capitalization\ncompanies may be relatively mature compared to smaller companies and therefore\nsubject to slower growth during times of economic expansion.\nLarge-capitalization companies may also be unable to respond quickly to new\ncompetitive challenges, such as changes in technology and consumer tastes.\n\n * Concentration Risk: The Fund's investments will be concentrated in an industry\nor group of industries to the extent the Index is so concentrated. In such an\nevent, the value of the Fund's Shares may rise and fall more than the value of\nshares that are invested in securities or financial instruments of companies\nthat encompass a broader range of industries.\n\n * Foreign Securities Risk: Investments in securities or other instruments of\nnon-U.S. issuers involve certain risks not involved in domestic investments\nand may experience more rapid and extreme changes in value than investments in\nsecurities of U.S. companies. Financial markets in foreign countries often are\nnot as developed, efficient, or liquid as financial markets in the United\nStates, and therefore, the prices of non-U.S. securities and instruments can\nbe more volatile. In addition, the Fund will be subject to risks associated\nwith adverse political and economic developments in foreign countries, which\nmay include the imposition of economic sanctions. Generally, there is less\nreadily available and reliable information about non-U.S. issuers due to less\nrigorous disclosure or accounting standards and regulatory practices.\n\n * New Fund Risk: The Fund is a recently organized management investment company\nwith limited operating history. As a result, prospective investors have a\nlimited track record or history on which to base their investment decisions.\n\n * Non-Diversification Risk: Because the Fund is “non-diversified,” it may\ninvest a greater percentage of its assets in the securities of a single issuer\nor a smaller number of issuers than if it was a diversified fund. As a result,\na decline in the value of an investment in a single issuer or a smaller number\nof issuers could cause the Fund's overall value to decline to a greater degree\nthan if the Fund held a more diversified portfolio.\n\nOther principal risks include ETF Risks, Management Risk, Market\nCapitalization Risk, Economic and Market Risk, Operational Risk, and Unrelated\nBusiness Risk. For a detailed list of fund risks, see the prospectus.\n\nFund distributed by: Foreside Fund Services, LLC, not affiliated with Vega\nCapital Partners LLC, or its affiliates.\n\n\n\nView source version on businesswire.com:\nhttps://www.businesswire.com/news/home/20260930989841/en/\n(https://www.businesswire.com/news/home/20260930989841/en/)\n\nMedia Contact: press@VegaSharesETFs.com \n(mailto:press@VegaSharesETFs.com) \nWebsite: www.VegaSharesETFs.com\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.VegaSharesETFs.com&esheet=54613921&newsitemid=20260930989841&lan=en-US&anchor=www.VegaSharesETFs.com&index=2&md5=a237b24ebf88e3aedd026041734b5655)\n\n\nCopyright Business Wire 2026","article_body_html":"","raw_payload":{"data":{"id":"nBw2xLZmQa-20261001","title":"VegaShares Announces Launch of the VegaShares Trillions ETF (TRIL)","author":"Business Wire","ticker":"TRIL","created":"2026-10-01T14:03:00.091Z","tickers":["TRIL"],"exchange":"CBOE","article_body":"VegaShares Announces Launch of the VegaShares Trillions ETF (TRIL)\n\nVegaShares\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fvegasharesetfs.com&esheet=54613921&newsitemid=20260930989841&lan=en-US&anchor=VegaShares&index=1&md5=8f2fbb93cc400962516f7e9c7a8da3aa)\n, a leading derivatives- and thematic-focused ETF provider, announced the\nlaunch of the VegaShares Trillions ETF (Cboe: TRIL). The ETF seeks capital\nappreciation by investing in globally listed companies with a market\ncapitalization of at least USD $1 trillion.\n\n“A trillion dollars in market cap is a rare threshold to cross. Most\nmega-cap funds lock in a fixed list of companies, but TRIL was built to move\nwith the market,” said Adam Stempel, Co-Founder of VegaShares. “TRIL\noffers investors a buy-and-hold opportunity for long-term exposure to the\nlargest global companies that shape the world.”\n\nCompanies that reach the USD $1 trillion market capitalization milestone\ntypically lead their industries in revenue and hold competitive advantages\nbuilt over decades, including entrenched customer ecosystems and cost\nstructures smaller rivals may not be able to match. These businesses generate\nsubstantial operating cash flow that allows for research funding and capital\nspending at a scale most smaller companies cannot sustain.\n\nThe VegaShares Trillions ETF offers investors active, professionally managed\nexposure to the world's largest and most dominant public companies.\n TRIL Sixteen Holdings:                                         \n Company Name                                 Ticker    Weight  \n Advanced Micro Devices Inc.                  AMD US    6.25%   \n Alphabet Inc.                                GOOGL US  6.25%   \n Amazon.com Inc.                              AMZN US   6.25%   \n Apple Inc.                                   AAPL US   6.25%   \n Berkshire Hathaway Inc.                      BRK.B US  6.25%   \n Broadcom Inc.                                AVGO US   6.25%   \n Eli Lilly and Company                        LLY US    6.25%   \n Meta Platforms Inc.                          META US   6.25%   \n Micron Technology Inc.                       MU US     6.25%   \n Microsoft Corporation                        MSFT US   6.25%   \n NVIDIA Corporation                           NVDA US   6.25%   \n Samsung Electronics Co. Ltd.                 SMSN LI   6.25%   \n SK hynix Inc.                                SKHY US   6.25%   \n Space Exploration Technologies Corp.         SPCX US   6.25%   \n Taiwan Semiconductor Manufacturing Co. Ltd.  TSM US    6.25%   \n Tesla Inc.                                   TSLA US   6.25%   \n Holdings as of 10/1/2026 and are subject to change.            \n\n\nAbout VegaShares\n\nVegaShares specializes in derivatives-based ETFs and other innovative\ninvestment strategies. Developed by institutional experts, VegaShares blends\nquantitative research with disciplined risk management to create liquid,\nexchange-traded tools for modern investors seeking efficiency, precision, and\nperformance.\n\nBefore investing, carefully consider the fund's investment objectives, risks,\nand charges and expenses. The prospectus and summary prospectus contain this\nand other important information and may be obtained by visiting\nVegaSharesETFs.com or calling 1-888-862-3299. Read it carefully before\ninvesting.\n\nThe fund, its investment adviser Tidal Investments LLC (the “Adviser”),\nits investment sub-adviser Vega Capital Partners LLC (the “Sub-Adviser”),\nand its distributor do not provide tax, legal, or investment advice. Investors\nshould consult a financial professional regarding an investment in the fund\nand should carefully consider the fund's investment objectives, risks,\ncharges, and expenses before investing.\n\nThe VegaShares Trillions ETF is a series of Tidal Trust IV (the “Trust”)\nand is an exchange traded fund. Shares of the fund are bought and sold at\nmarket price (not net asset value) and are not individually redeemed from the\nfund. Brokerage commissions and bid/ask spreads will reduce returns.\n\nInvesting involves risk, including the loss of principal. An investment in the\nFund is subject to investment risks; therefore, you may lose money by\ninvesting in the Fund. There can be no assurance that the Fund will be\nsuccessful in meeting its investment objective. The Fund is not intended to be\na complete investment program. Generally, the Fund will be subject to the\nfollowing principal risks:\n\n\n * Semiconductors & Semiconductor Equipment Industry Risk: Semiconductor\ncompanies may face intense competition, both domestically and internationally,\nand such competition may have an adverse effect on their profit margins.\nSemiconductor companies may have limited product lines, markets, financial\nresources or personnel. Semiconductor companies' supply chain and operations\nare dependent on the availability of materials that meet exacting standards\nand the use of third parties to provide components and services. Semiconductor\ncompanies may rely on a limited number of suppliers, or upon suppliers in a\nsingle location, for certain materials, equipment or tools. Finding and\nqualifying alternate or additional suppliers can be a lengthy process that can\ncause production delays or impose unforeseen costs, and such alternatives may\nnot be available at all. Production can be disrupted by the unavailability of\nresources, such as water, silicon, electricity, gases and other materials.\nSuppliers may also increase prices or encounter cybersecurity or other issues\nthat can disrupt production or increase production costs.\n\n * Information Technology Sector Risk: The information technology sector includes\ncompanies engaged in internet software and services, technology hardware and\nstorage peripherals, electronic equipment instruments and components, and\nsemiconductors and semiconductor equipment, among other things. Information\ntechnology companies face intense competition, both domestically and\ninternationally, which may have an adverse effect on profit margins.\nInformation technology companies may have limited product lines, markets,\nfinancial resources or personnel. The products of information technology\ncompanies may face rapid product obsolescence due to technological\ndevelopments and frequent new product introduction, unpredictable changes in\ngrowth rates and competition for the services of qualified personnel. Failure\nto introduce new products, develop and maintain a loyal customer base, or\nachieve general market acceptance for their products could have a material\nadverse effect on a company's business. Companies in the information\ntechnology sector are heavily dependent on intellectual property, and the loss\nof patent, copyright and trademark protections may adversely affect the\nprofitability of these companies.\n\n * Large-Capitalization Investing: The securities of large-capitalization\ncompanies may be relatively mature compared to smaller companies and therefore\nsubject to slower growth during times of economic expansion.\nLarge-capitalization companies may also be unable to respond quickly to new\ncompetitive challenges, such as changes in technology and consumer tastes.\n\n * Concentration Risk: The Fund's investments will be concentrated in an industry\nor group of industries to the extent the Index is so concentrated. In such an\nevent, the value of the Fund's Shares may rise and fall more than the value of\nshares that are invested in securities or financial instruments of companies\nthat encompass a broader range of industries.\n\n * Foreign Securities Risk: Investments in securities or other instruments of\nnon-U.S. issuers involve certain risks not involved in domestic investments\nand may experience more rapid and extreme changes in value than investments in\nsecurities of U.S. companies. Financial markets in foreign countries often are\nnot as developed, efficient, or liquid as financial markets in the United\nStates, and therefore, the prices of non-U.S. securities and instruments can\nbe more volatile. In addition, the Fund will be subject to risks associated\nwith adverse political and economic developments in foreign countries, which\nmay include the imposition of economic sanctions. Generally, there is less\nreadily available and reliable information about non-U.S. issuers due to less\nrigorous disclosure or accounting standards and regulatory practices.\n\n * New Fund Risk: The Fund is a recently organized management investment company\nwith limited operating history. As a result, prospective investors have a\nlimited track record or history on which to base their investment decisions.\n\n * Non-Diversification Risk: Because the Fund is “non-diversified,” it may\ninvest a greater percentage of its assets in the securities of a single issuer\nor a smaller number of issuers than if it was a diversified fund. As a result,\na decline in the value of an investment in a single issuer or a smaller number\nof issuers could cause the Fund's overall value to decline to a greater degree\nthan if the Fund held a more diversified portfolio.\n\nOther principal risks include ETF Risks, Management Risk, Market\nCapitalization Risk, Economic and Market Risk, Operational Risk, and Unrelated\nBusiness Risk. For a detailed list of fund risks, see the prospectus.\n\nFund distributed by: Foreside Fund Services, LLC, not affiliated with Vega\nCapital Partners LLC, or its affiliates.\n\n\n\nView source version on businesswire.com:\nhttps://www.businesswire.com/news/home/20260930989841/en/\n(https://www.businesswire.com/news/home/20260930989841/en/)\n\nMedia Contact: press@VegaSharesETFs.com \n(mailto:press@VegaSharesETFs.com) \nWebsite: www.VegaSharesETFs.com\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.VegaSharesETFs.com&esheet=54613921&newsitemid=20260930989841&lan=en-US&anchor=www.VegaSharesETFs.com&index=2&md5=a237b24ebf88e3aedd026041734b5655)\n\n\nCopyright Business Wire 2026"},"type":"article","timestamp":"2026-10-01T14:03:00.128580587Z","server_sent_at_ms":1790863380128},"received_at":"2026-10-01T14:03:00.180Z","source_url":"https://www.businesswire.com/news/home/20260930989841/en/"},"analysis":{"id":"147062","press_release_id":"158434","analysis_json":{"industry":{"label":"Capital Markets","sector":"Financials"},"redFlags":["non-diversified, newly launched fund with limited operating history","holdings subject to change; 16-stock concentration"],"eventType":"product_launch","narrative":"VegaShares launched the VegaShares Trillions ETF (Cboe: TRIL), an actively managed fund targeting globally listed companies with at least a $1 trillion market capitalization.\n\nThe fund holds sixteen equal-weighted positions at 6.25% each, including Apple, Microsoft, NVIDIA, Tesla, Berkshire Hathaway, Samsung Electronics, SK hynix, and SpaceX, as of October 1, 2026.\n\nThe ETF is a series of Tidal Trust IV, advised by Tidal Investments with sub-adviser Vega Capital Partners, and is non-diversified with limited operating history.","sentiment":"neutral","agentHooks":{"shouldPost":false,"suggestedAngle":"New mega-cap ETF wrapping 16 trillion-dollar companies at 6.25% each — niche launch, monitor AUM flows."},"keyFigures":{"customDimensions":{"holdings_count":16,"weight_per_holding":"6.25%","minimum_market_cap_threshold":"$1 trillion"}},"quotedText":"A trillion dollars in market cap is a rare threshold to cross. Most mega-cap funds lock in a fixed list of companies, but TRIL was built to move with the market","namedEntities":{"people":[{"name":"Adam Stempel","role":"Co-Founder of VegaShares"}],"products":["VegaShares Trillions ETF (TRIL)"],"companies":[{"name":"VegaShares","ticker":"TRIL","relationship":"filer/issuer"},{"name":"Tidal Investments LLC","relationship":"investment adviser"},{"name":"Vega Capital Partners LLC","relationship":"sub-adviser"},{"name":"Tidal Trust IV","relationship":"trust series sponsor"},{"name":"Foreside Fund Services, LLC","relationship":"distributor"}],"dollarAmounts":[{"amount":"USD $1 trillion","context":"minimum market capitalization threshold for fund inclusion"}]},"materialImpact":{"score":2,"reasoning":"Launch of a new niche ETF by a small fund provider; routine product announcement with no direct financial impact on listed holdings."},"tickerRelevance":{"others":[{"ticker":"AMD","relevance":"fund holding"},{"ticker":"GOOGL","relevance":"fund holding"},{"ticker":"AMZN","relevance":"fund holding"},{"ticker":"AAPL","relevance":"fund holding"},{"ticker":"BRK.B","relevance":"fund holding"},{"ticker":"AVGO","relevance":"fund holding"},{"ticker":"LLY","relevance":"fund holding"},{"ticker":"META","relevance":"fund holding"},{"ticker":"MU","relevance":"fund holding"},{"ticker":"MSFT","relevance":"fund holding"},{"ticker":"NVDA","relevance":"fund holding"},{"ticker":"SMSN LI","relevance":"fund holding"},{"ticker":"SKHY US","relevance":"fund holding"},{"ticker":"SPCX US","relevance":"fund holding"},{"ticker":"TSM","relevance":"fund holding"},{"ticker":"TSLA","relevance":"fund holding"}],"primary":"TRIL"},"globalImportance":12,"audienceRelevance":20,"eventTypeSecondary":[],"importanceComponents":{"tickerTier":"micro/small fund issuer","eventGravity":"new ETF product launch","retailFavoriteBoost":"holdings include meme/retail favorites but impact is indirect"}},"event_type":"product_launch","event_type_secondary":null,"sentiment":"neutral","material_impact_score":2,"narrative":"VegaShares launched the VegaShares Trillions ETF (Cboe: TRIL), an actively managed fund targeting globally listed companies with at least a $1 trillion market capitalization.\n\nThe fund holds sixteen equal-weighted positions at 6.25% each, including Apple, Microsoft, NVIDIA, Tesla, Berkshire Hathaway, Samsung Electronics, SK hynix, and SpaceX, as of October 1, 2026.\n\nThe ETF is a series of Tidal Trust IV, advised by Tidal Investments with sub-adviser Vega Capital Partners, and is non-diversified with limited operating history.","key_figures":{"customDimensions":{"holdings_count":16,"weight_per_holding":"6.25%","minimum_market_cap_threshold":"$1 trillion"}},"named_entities":{"people":[{"name":"Adam Stempel","role":"Co-Founder of VegaShares"}],"products":["VegaShares Trillions ETF (TRIL)"],"companies":[{"name":"VegaShares","ticker":"TRIL","relationship":"filer/issuer"},{"name":"Tidal Investments LLC","relationship":"investment adviser"},{"name":"Vega Capital Partners LLC","relationship":"sub-adviser"},{"name":"Tidal Trust IV","relationship":"trust series sponsor"},{"name":"Foreside Fund Services, LLC","relationship":"distributor"}],"dollarAmounts":[{"amount":"USD $1 trillion","context":"minimum market capitalization threshold for fund inclusion"}]},"model_name":"glm-5.3-flashx","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-10-01T14:03:06.323Z","global_importance":12,"audience_relevance":20,"importance_components":{"tickerTier":"micro/small fund issuer","eventGravity":"new ETF product launch","retailFavoriteBoost":"holdings include meme/retail favorites but impact is indirect"}},"durationMs":6119,"modelName":"glm-5.3-flashx"}}