Five months after its launch, NYSE Texas is debuting its first exchange-traded funds.
On Thursday, the NYSE named the 13 funds that will be listed on the Dallas-headquartered exchange and dual-listed by Strive Asset Management. The funds will also continue to trade on the NYSE.
“We are delighted to welcome Strive as the first ETF issuer to dual-list on NYSE Texas,” Timothy Reilly, head of exchange-traded solutions at the NYSE Group, said via a press release. “ETF listings on NYSE Texas will further support the capital market community emanating from the state of Texas.”
The funds that are coming to NYSE Texas are:
In February, the NYSE announced its plans to relocate its Chicago operations to Dallas as the Lone Star State emerged as the state with the largest number of NYSE listings (more than $3.7 trillion in market value, according to the exchange’s announcement at the time).
Separately, the Texas stock exchange is planning to launch in early 2026 as more financial firms establish new operations on so-called “Y’all Street.” The moves south mean that investors are getting more ways to invest in the booming financial hub, including BlackRock’s iShares Texas Equity ETF (TEXN) which launched in June and has $12.32 million assets under management (AUM).
“At Strive, we believe capital markets thrive when they prioritize innovation, meritocracy, and maximizing shareholder value,” Matt Cole, CEO at Strive said via Thursday’s news release. “That’s what’s happening with NYSE Texas, and we’re proud to be the first ETF issuer listed on the exchange.”
Strive didn’t immediately respond to etf.com’s request for comment, and the NYSE pointed the news outlet back to Reilly’s comment from the press release.
finance.yahoo.com
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