Roundhill Investments launched its Neocloud ETF on August 6 on the Nasdaq under the ticker NCLD. In less than a week of trading, the actively managed fund has risen approximately 15% with cumulative volume of $46 million against initial assets under management of approximately $15.45 million. The portfolio is concentrated around Nebius Group (30.8%) and CoreWeave (27.3%), which together account for nearly 58% of the fund. The ETF also includes former Bitcoin miners such as IREN, Hut 8, and TeraWulf, which have pivoted toward high-performance computing and AI infrastructure. The expense ratio is set at 0.65%.
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