TRIL - Defiance Trillion Dollar Club Index ETF

Written By Luke Jakobson

TRIL: An equal-weight bet on the trillion-dollar club

Defiance just listed the Defiance Trillion Dollar Club Index ETF (NASDAQ: TRIL). It’s the first ETF designed to track US listed assets with market caps above $1trillion. Apple, Microsoft, Alphabet, Amazon, Nvidia, Meta, Tesla, Broadcom, Berkshire Hathaway, and Bitcoin via BlackRock’s IBIT. Instead of letting the mega-caps dominate by size, TRIL equal-weights all 10 and rebalances monthly, a simple way to express the “winner’s circle” theme without concentration drift.

Why it’s interesting:

  • Rule-based access to a club that historically compounds dominance (network effects, capital, distribution).

  • Equal-weight + monthly rebalance systematically trims the runaway names and tops up laggards. A different bet than cap-weighted “own the market.”

  • Crypto inside the equity wrapper: exposure to Bitcoin through IBIT means the index can span both companies and a digital asset that has crossed the $1T threshold.

Luke Jakobson
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