TLDR: Themes ETFs has launched the Themes China Generative AI ETF (Ticker: DRGN) on Cboe, providing the first US-listed exposure to companies leading generative artificial intelligence development in China. This new ETF aims to capitalize on China’s rapidly expanding AI sector, driven by national policy and significant R&D investment.
Themes ETFs has officially announced the launch of its Themes China Generative AI ETF, trading under the ticker symbol DRGN on the Cboe exchange as of July 15, 2025. This new fund marks a significant development, offering investors the first US-listed exposure to companies at the forefront of generative artificial intelligence technology in China. The introduction of DRGN comes at a time when the global AI race is intensifying, with China’s generative AI sector experiencing rapid scaling, fueled by robust national policy support and substantial research and development investments. This growth has significantly piqued investor interest in the country’s burgeoning innovation landscape.
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The DRGN ETF stands out not only for its unique market exposure but also for its competitive pricing. It is positioned with an industry-low expense ratio of 0.39%, making it an attractive option for investors seeking to tap into the Chinese AI market efficiently. This ETF is the 19th low-cost fund to be added to Themes ETFs’ existing lineup of thematic and fundamental investment products, further diversifying their offerings in response to evolving market trends and investor demand for specialized exposures.
