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XFUNDS by Nicholas Wealth (NYSE Arca: NUKX) introduced two income-focused ETFs on March 3, 2026: the Nicholas Nuclear Income ETF (NUKX) and the Nicholas Defense and Rare Earth Income ETF (WEPN). Both combine an equity sleeve, commodity ETF exposure (uranium for NUKX; lithium, copper, cobalt, steel and related metals for WEPN), and an actively managed options overlay to generate income.
The funds target companies and materials tied to nuclear energy, defense, and critical supply chains and were launched in partnership with Tidal Investments LLC. They join the existing XFUNDS income lineup, including FIAX, GIAX, BLOX, GLDN, and SLVX.