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VanEck Launches Data Center Supply Chain ETF (RACK) to Capture AI Infrastructure Buildout

VanEck Expands AI Infrastructure Play with New Data Center Supply Chain ETF

By The Northwire Desk — AI Analysis Jun 02, 2026 · 08:00 RACK NaN
Executive Summary
  • VanEck is launching the VanEck Data Center Supply Chain ETF (CBOE: RACK) to track the MarketVector Data Center Supply Chain Index (MVRACK).
  • The index mandates that constituents derive at least 50% of revenue from AI/data center supply chain segments, including semiconductors, cooling technology, nuclear energy, and electrical equipment.
  • The fund targets the projected $750 billion in hyperscaler capital expenditure for the current year and the broader $5.2 trillion to $7.9 trillion global AI infrastructure buildout through 2030.
  • The launch highlights severe infrastructure constraints, specifically power transformer delivery times stretching to 2–4 years, indicating bottlenecks in grid equipment, power generation, and cooling systems.
  • VanEck positions RACK as a complement to its existing thematic lineup (SMH, SMHX, NLR, WARP), leveraging its $224.8 billion AUM to capture utility-scale industrial buildout rather than software-focused AI trends.
Material Impact
  • The announcement represents a product expansion rather than a fundamental operational shift or earnings catalyst.
  • Given the current market environment heavily focused on AI infrastructure, thematic ETF launches of this nature are expected and incremental to VanEck's existing strategy.
  • No material financial impact is anticipated in the near term. ETF launches typically generate modest fee revenue and require time to accumulate meaningful assets under management.
  • The news does not alter VanEck's core business model, risk profile, or capital requirements. It is a routine positive development aligned with broader market trends.
RACK · Price
Company Overview
  • VanEck Asset Management is a prominent exchange-traded fund provider and asset manager.
  • The company's core business revolves around creating and managing thematic and broad-market ETFs.
  • Flagship products include semiconductor-focused funds (SMH, SMHX), nuclear energy ETFs (NLR), and AI/tech-focused vehicles (WARP).
  • The RACK ETF represents a strategic addition to the firm's infrastructure and power-focused thematic lineup, targeting the physical bottlenecks of AI deployment rather than software applications.
Read the original news release →