VegaShares
VegaShares is a privately held, New York-based ETF issuer founded in 2026 that offers three derivatives-based exchange-traded funds — ODTE (multi-index 0DTE covered call income), VAIE (autocallable income), and XSPC (SpaceX-anchored space economy) — distributed to self-directed retail investors and financial advisors through major brokerage platforms and a dedicated distribution team.
- Company typePrivate
- Founded2026
- HeadquartersNew York, United States
- Headcount1–10
- GTM typeB2B and B2C
- OfferingServices
What VegaShares does
VegaShares is a privately held, New York-based ETF issuer founded in 2026 by Adam Stempel and Sunny Wong, both former Managing Directors at BMO Capital Markets with prior structured products and derivatives experience at RBC Capital Markets and Tower Research Capital. The firm specializes in derivatives-based exchange-traded funds and currently offers three products: ODTE, a multi-index covered call income ETF writing 0DTE options simultaneously against the S&P 500, Nasdaq-100, and Russell 2000 (launched April 2026); VAIE, an autocallable income ETF referencing an ICE-designed Adaptive Vol index with Goldman Sachs as swap counterparty (launched May 2026); and XSPC, a thematic equity ETF anchored by SpaceX providing exposure to the commercial space and AI infrastructure ecosystem (launched June 2026). Expense ratios range from 0.74% to 0.76% across the lineup, and combined AUM stood at approximately $15.5M as of June 2026.
The business model is a recurring-fee ETF issuer model with no subscription tiers or per-seat pricing; revenue derives from Total Expense Ratios (management fees plus acquired fund fees) embedded in fund NAV. Distribution runs through a dual-channel approach: self-directed investors access the funds on nine major retail brokerage platforms (Schwab, Fidelity, Vanguard, E*Trade, Robinhood, Webull, Interactive Brokers, SoFi, Public), while financial advisors and RIAs are reached through a distribution team led by Bryan Bondoc (Managing Director, Head of Distribution, appointed April 2026) with Foreside Fund Services as the formal third-party distributor and Barnabas Capital supporting marketing and education for VAIE. Customer segments include income-oriented retail investors, wealth investors seeking structured strategies, financial advisors, and growth-oriented investors seeking space-economy exposure.
VegaShares relies on an external counterparty and vendor stack to operate its products: Goldman Sachs provides swap counterparty services for VAIE, ICE Data Indices supplies the rules-based autocallable benchmark, and Foreside Fund Services handles distribution. The firm operates exclusively in the United States, is governed by New York law, and has a small founding team (1-10 employees). It is privately held by its co-founders with no disclosed institutional funding or ownership changes since inception.
VegaShares firmographics
Firmographics- Name
- VegaShares
- Legal name
- VegaShares
- Website
- https://vegasharesetfs.com
- Company type
- Private
- Founded year
- 2026
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- VegaShares is a privately held, New York-based ETF issuer founded in 2026 that offers three derivatives-based exchange-traded funds — ODTE (multi-index 0DTE covered call income), VAIE (autocallable income), and XSPC (SpaceX-anchored space economy) — distributed to self-directed retail investors and financial advisors through major brokerage platforms and a dedicated distribution team.
- Ownership category
- akta.pro rank
VegaShares industry classification
Industry- Product category
- Exchange-Traded Funds (Asset Management)
- NAICS
- Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523), Portfolio Management and Investment Advice (523940)
- SIC
- Asset-Backed Securities (6189), Investment Advice (6282)
- akta.pro primary industry
- Fixed Income ETFs (Government, Corporate, Munis, TIPS) (FSAAAFAD)
- akta.pro secondary industry
- Leveraged & Inverse ETFs (FSAAAFAK)
Keywords
Where VegaShares is headquartered
LocationHeadquarters
- HQ city
- New York
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
VegaShares business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Marketing or Sales, Technology or R&D, Operations, Others
Revenue model
- ETF Management Fees: VegaShares generates revenue through management fees embedded in the Total Expense Ratio (TER) of its ETFs. Each fund charges an annual expense ratio that covers fund operations, portfolio management, and distribution costs. Fee rates range from 0.74% to 0.76% across the current ETF lineup.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | ODTE ETF - VegaShares SPX NDX RTY Premium Income ETF |
| Subscription | Annual | VAIE ETF - VegaShares US Equity Autocallable Income ETF |
| Subscription | Annual | XSPC ETF - VegaShares SpaceX & Beyond Earth ETF |
Go-to-market motion1 record
Distribution channels3 records
Marketing channels7 records
VegaShares product offering
Product offeringCore offering
VegaShares is a US-based ETF issuer that designs, launches, and manages exchange-traded funds built on derivatives-based and thematic strategies. The firm currently offers three ETFs: a multi-index 0DTE covered call income ETF (ODTE), an autocallable income ETF using an Adaptive Vol mechanism (VAIE), and a thematic space-economy equity ETF anchored by SpaceX (XSPC). Revenue is generated through management fees embedded in each fund's Total Expense Ratio.
Product overview
VegaShares is an ETF issuer specializing in derivatives-based ETFs and innovative investment strategies. The product lineup consists of three distinct ETFs: (1) ODTE - a multi-index covered call income ETF using 0DTE options to generate weekly income from S&P 500, Nasdaq-100, and Russell 2000 exposure; (2) VAIE - an autocallable income ETF referencing an ICE-designed volatility-adaptive index, using Goldman Sachs swap agreements to deliver high weekly income with contingent principal protection; and (3) XSPC - a thematic equity ETF providing exposure to the commercial space ecosystem including SpaceX, satellite communications, and AI compute infrastructure. The three products serve different investor needs: income generation through options strategies (ODTE, VAIE) and capital appreciation through space-sector equity exposure (XSPC).
Differentiator
Problem solved
Functional benefit
Products and services
- VegaShares SPX NDX RTY Premium Income ETF (ODTE) A covered call income ETF that seeks to generate weekly income while providing upside exposure to the S&P 500, Nasdaq-100, and Russell 2000 by writing 0DTE call options against ETFs tracking those indices. Targeted at income-oriented investors and advisors seeking single-ticker equity-income exposure.
- VegaShares US Equity Autocallable Income ETF (VAIE) An autocallable income ETF that seeks high weekly income with reduced downside market risk through a laddered portfolio of 52 synthetic autocallables referencing an Adaptive Vol index. Designed for wealth investors and advisors seeking structured outcome strategies with contingent principal protection.
- VegaShares SpaceX & Beyond Earth ETF (XSPC) A thematic equity ETF seeking capital appreciation by investing in companies across the space ecosystem, including satellite communications, launch infrastructure, geospatial data, and the connectivity and AI compute platforms transforming global access. Targeted at growth-oriented investors seeking exposure to the commercial space economy.
Quantifiable outcome
- VAIE has distributed approximately 16.5% weighted average coupon with 52 live autocallables as of June 2026
- +1 more outcomes
Companies that use VegaShares
Customer profileSegments4 records
Ideal customer profiles4 records
VegaShares technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
VegaShares partnerships and signals
Strategic signalPartnerships
Five partnerships are on record, tiered core and supporting.
- ICE Data IndicescoreICE Data Indices provides the rules-based autocallable index (NYSE U.S. 500 Adaptive Vol Autocallable Index) that serves as the reference benchmark for VAIE's autocallable exposure. The index determines autocall triggers and coupon conditions.
- Barnabas CapitalsupportingBarnabas Capital acts as the marketing and education partner for VAIE, supporting investor education and distribution efforts for the autocallable income product.
- Foreside Fund Services, LLCcoreForeside Fund Services, LLC serves as the distributor of all VegaShares ETFs. Foreside is not affiliated with VegaShares ETFs and provides distribution services through its existing broker-dealer relationships.
- Brokerage Platforms (Webull, Robinhood, Public, SoFi, Interactive Brokers, Fidelity, E*Trade, Vanguard, Schwab)coreMajor online brokerage platforms serve as distribution channels where retail investors can purchase VegaShares ETFs. The company notes that inclusion of links does not represent endorsement or recommendation from these firms.
- Space Exploration Technologies Corp (SpaceX)coreSpaceX is the anchor holding in the VegaShares SpaceX & Beyond Earth ETF (XSPC), representing 16.25% of net assets. SpaceX completed its IPO on June 12, 2026, and is the primary investment thesis driver for the space economy ETF.
Scale indicators2 records
Recent moves6 records
Expansion highlights5 records
VegaShares competitors and assessment
Company assessmentBroad incumbents
- First Trust: Large ETF sponsor with both income (e.g., First Trust BuyWrite Income ETF) and defined-outcome (Vest-acquired) product lines. Comparable to VegaShares in offering income-oriented covered call strategies at scale, with a far broader product portfolio and institutional distribution footprint.
- JPMorgan Asset Management: Issuer of JEPI and JEPQ, the largest and best-known covered call income ETFs in the market. Directly comparable to VegaShares ODTE in strategy and target investor, but with tens of billions in AUM, established distribution, and institutional scale that dwarfs the VegaShares platform.
- Global X ETFs: Large ETF sponsor with a broad lineup including covered call income funds (QYLD, XYLD, XYLD, JEPI) and thematic equity products. Comparable to VegaShares as both an income-ETF and thematic-ETF competitor, with far greater scale and shelf placement.
Direct peers
- Roundhill Investments: Issuer of thematic and derivatives-income ETFs (e.g., weekly-covered call funds, thematic growth funds). Comparable to VegaShares as a smaller, innovation-led ETF sponsor pursuing both income and thematic equity strategies across multiple product families.
- AXS Investments: Specialist in income and thematic ETFs, including covered call and secondary-market strategies. Comparable to VegaShares as a derivatives-income and thematic-ETF competitor with similar advisor-channel focus and product line breadth.
- KraneShares: Thematic ETF issuer specializing in niche and emerging themes. Comparable to VegaShares XSPC as a thematic equity ETF sponsor targeting emerging sectors with specialized access, though KraneShares' thematic focus has historically been more China-and-environmental-adjacent.
- Innovator ETFs: Pioneer of defined-outcome and buffer ETF structures (e.g., PJUL, PJAN). Directly comparable to VegaShares VAIE in launching innovative structured payoff ETFs aimed at advisor and sophisticated investor channels; both compete in the 'next-generation structured ETF' category.
- Amplify ETFs: Thematic and income ETF sponsor with covered call and structured product offerings. Comparable to VegaShares in combining derivatives-based income products with thematic equity exposure, competing for similar advisor and self-directed investors.
- YieldMax ETFs: Specialist in options-based income ETFs across single stocks, indices, and thematic baskets. Closest direct comparable to VegaShares ODTE in derivatives-based income strategy, though YieldMax focuses on single-stock covered call products rather than multi-index structures.
Emerging players
- TappAlpha: Newer ETF issuer building a derivatives-income product line with a focus on advisor and self-directed channels. Comparable to VegaShares as a recently launched, derivatives-led ETF sponsor competing in similar covered call and income strategy categories.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat3 records
Key risks6 records
Key highlights6 records
Customer concentration
VegaShares social profiles
Digital presenceVegaShares financial estimates
Financial estimateRevenue estimate
Valuation estimate
VegaShares leadership team
Management profileNumber of profiles
Profiles3 records
VegaShares funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
VegaShares M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about VegaShares
What does VegaShares do?
VegaShares is a US-based ETF issuer that designs, launches, and manages exchange-traded funds built on derivatives-based and thematic strategies. The firm currently offers three ETFs: a multi-index 0DTE covered call income ETF (ODTE), an autocallable income ETF using an Adaptive Vol mechanism (VAIE), and a thematic space-economy equity ETF anchored by SpaceX (XSPC). Revenue is generated through management fees embedded in each fund's Total Expense Ratio.
Is VegaShares a public or private company?
VegaShares is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was VegaShares founded?
VegaShares was founded in 2026. It employs 1 to 10 people.
Where is VegaShares based?
VegaShares is headquartered in New York, United States, in the North America region.
How does VegaShares make money?
One revenue line is on record: ETF Management Fees.
Who are VegaShares's main competitors?
Broad incumbents on record are First Trust, JPMorgan Asset Management and Global X ETFs. Direct peers are Roundhill Investments, AXS Investments, KraneShares, Innovator ETFs, Amplify ETFs and YieldMax ETFs. TappAlpha is listed as an emerging player.
Does VegaShares have an API?
No public API is recorded for VegaShares.
What industry is VegaShares in?
VegaShares's product category is Exchange-Traded Funds (Asset Management). Its primary akta.pro industry code is FSAAAFAD, Fixed Income ETFs (Government, Corporate, Munis, TIPS), with a secondary code of FSAAAFAK, Leveraged & Inverse ETFs. Its NAICS code is 523 and its SIC code is 6189.