MutualFundWire.com: Patti Helps ETF Investors Bet On Druckenmiller

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Wednesday, October 8, 2025

Patti Helps ETF Investors Bet On Druckenmiller

Adam Patti and his team are partnering with a familiar ally to roll out a third income fund that draws on another famous investor's stock picks.

Adam Scott Patti
VistaShares
President, CEO

Today, Patti, CEO of VistaShares, unveils the launch of the VistaShares Target 15 DRUKMacro Distribution ETF (DRKY on the NYSE Arca, Inc.). Dover, Delaware-based VistaShares Advisors serves as subadvisor and sponsor to DRKY, while Madison, Wisconsin-based Tidal Investments LLC serves as investment advisor and BITA GmbH serves as index provider. (MFWire reported last month that the VistaShares and Tidal folks were prepping DRKY and several similar funds for launch.)

DRKY is designed to generate 15-percent income per year via an options strategy while also tracking the BITA VistaShares DRUKMacro Select Index. That index, in turn, is designed to mirror the publicly disclosed holdings of Stanley Druckenmiller's Duquesne Family Office. (This is the third fund of this type that VistaShares and Tidal have launched so far, with several more, including another DRUK-based one, in the works.)

The inception date of DRKY is today. The new ETF comes with an expense ratio of 95 basis points.

DRKY's PM team includes:

Qiao Duan, portfolio manager at Tidal;

Christopher Mullen, PM at Tidal;

Charles Ragauss, PM at Tidal;

Scott Snyder, senior vice president of trading at Tidal; and

Patti himself at VistaShares.

Patti puts the launch of DRKY in the context of investors' interest in "global macro strategies ... as we find ourselves in a time where a range of large-scale macroeconomic factors are leaving markets whipsawed."

"No conversation on global macro approaches would be complete without the inclusion of the acumen of someone like Stanley Druckenmiller, and we're thrilled to be bringing DRKY to market as we add to our suite of funds that allow investors to 'invest like the best' while also incorporating an attractive income component," Patti states.

DRKY is an actively managed, non-diversified series of Tidal Trust III. The new ETF's other service providers include:

ACA's Foreside Fund Services, LLC as distributor;

Sullivan & Worcester LLP as counsel;

Tait, Weller & Baker LLP as independent accounting firm;

Tidal ETF Services LLC as administrator;

U.S. Bancorp Fund Services, LLC (dba U.S. Bank Global Fund Services) as fund accountant and transfer agent; and

U.S. Bank, N.A. as custodian.