The ETF will give investors exposure to companies involved in the development of hydrogen-based energy sources and fuel technologies.

Defiance ETFs announced Wednesday their launch of the Next Gen H2 Fund (NYSE: HDRO), the first of its kind in the U.S., that will focus on hydrogen as a cleaner source of energy. The fund will invest in companies engaged in the development of hydrogen-based energy sources and fuel technologies. (PRNewswire)

None of the existing alternative energy sources can provide a sufficient, consistent, and cost-effective energy supply. Green Hydrogen can, and it is a zero-emission fuel with a sole waste product of water, says Defiance on its website.

The Next Gen H2 Fund (NYSE: HDRO)

“We’re already starting to see hydrogen take on a larger role as a viable energy source,” Defiance ETFs President Paul Dellaquila said. “We believe that as governments and corporations continue to demand renewable energy sources and adopt more environment-friendly policies, hydrogen will be a pivotal resource to help fuel a cleaner economy.”

The new ETF joins the previous innovative ETFs from Defiance: The first SPAC ETF (NYSEARCA: SPAK) and the first 5G ETF (NYSEARCA: FIVG).

The fund charges an expense ratio of 0.30% and tracks the BlueStar Hydrogen & NextGen Fuel Cell Index.

The rules-based index tracks the performance of a group of globally listed equities and of companies, who generate at least 50% of their revenue from their involvement in the development of hydrogen-based energy sources, fuel cell technologies, and industrial gases.

Top Holdings as of March 11, 2021:

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Feature Image: OBB Hydrogen-powered train by Alstom