KB Asset Management Launches Tesla-SpaceX ETF with 25% Holdings Each as U.S. Rival Introduces Ex-Elon Fund

According to Central Daily, KB Asset Management listed a space-and-robotics-focused ETF on July 14 holding 25% Tesla and 25% SpaceX, with the remaining 50% in U.S. short-term Treasury bonds. The product structure allows 100% allocation in individual and retirement accounts. Meanwhile, U.S.-based Subversive is introducing a rival ETF that tracks the Nasdaq 100 and S&P 500 while excluding companies founded or led by Elon Musk, citing corporate governance concerns and political risk.

According to Bloomberg and WSJ reporting, the U.S. ETF market is rapidly fragmenting. As of mid-May 2026, 466 new ETFs had launched in the U.S., with traditional index-tracking ETFs representing only 16% of the total. High-risk and niche strategy products are becoming dominant, including a UFO Disclosure ETF launched in February and an After-Dark Bitcoin ETF that holds BTC only during U.S. market hours.