Defiance Drone and Modern Warfare ETF

JEDI

Market cap $130M

Europe's drone defense boom is accelerating. These two ETFs offer targeted exposure as military spending shifts toward AI-powered warfare.

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The Defiance Drone and Modern Warfare ETF has high-beta exposure to modern defense and drone sectors, distinct from traditional defense ETFs. JEDI's unique weighting favors small, highly traded stocks, resulting in concentrated holdings and elevated volatility compared to sector peers. Recent catalysts, including a historic +50% U.S. defense budget request and Middle East conflict, have driven strong inflows and momentum into JEDI.

Shares of Unusual Machines surged nearly 50% after The Wall Street Journal reported the Pentagon is pursuing a funding deal with the drone company. Donald Trump Jr. is a shareholder of Unusual Machines and an advisory board member.

Red Cat Holdings Inc (NASDAQ:RCAT) shares are trading higher Thursday morning amid a sector-wide rally has been ignited by reports that the Trump administration is exploring Pentagon funding packages, including loans and equity stakes, for drone firms.

FORT LAUDERDALE, Fla., April 27, 2026 (GLOBE NEWSWIRE) -- Defiance ETFs, a leading thematic and next-generation ETF issuer, today announced that the Defiance Drone & Modern Warfare ETF (NYSE Arca: JEDI) has surpassed $100 million in assets under management (as of 04/20/2026), reaching this milestone in less than seven months since its inception on September 25, 2025.