The folks at a Quad Cities startup are rolling out their second ETF, and they're doing it with a new, Midwestern ally.

The 2x Daily Software Platform ETF (SOFL on the NYSE Arca, Inc.) debuted last week. Milwaukee, Wisconsin-based Tidal Investments LLC serves as the new fund's investment advisor, while Davenport, Iowa-based AOT Invest, LLC serves as sponsor and subadvisor.

SOFL's inception date was July 1, and it comes with an expense ratio of 129 basis points. The fund now has about $1.03 million in AUM.*

VettaFi LLC serves as SOFL's index provider, and the new, leveraged index ETF is designed to provide 200 percent of the daily performance of the AOT VettaFi Software Platform Index. SOFL's PM team includes:

Qiao Duan, portfolio manager at Tidal;

Stephen Foy, PM at Tidal; and

John Tinsman, founder and one of the owners of AOT.

SOFL is an actively managed, non-diversified series of Tidal Trust III. The fund's other service providers include:

ACA's Foreside Fund Services, LLC as distributor;

Sullivan & Worcester LLP as counsel;

Tait, Weller & Baker LLP as independent accounting firm;

Tidal ETF Services LLC as administrator;

U.S. Bancorp Fund Services, LLC (dba U.S. Bank Global Fund Services) as fund accountant, sub-administrator, and transfer agent; and

U.S. Bank National Association as custodian.

The debut of SOFL comes about three years after the AOT Invest team launched their first ETF, the AOT Growth and Innovation ETF (AOTG on the Nasdaq), in partnership with a different ETF-in-a-box shop. That fund now has $59.07 million in AUM.**

*As of July 3, 2025.
**As of July 7, 2025. 

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