SoFi Expands ETF Lineup with the Social 50 Income ETF (SFYI)

SoFi Technologies (NASDAQ: SOFI) has expanded its exchange-traded fund lineup with the launch of the SoFi Social 50 Income ETF (NYSE Arca: SFYI). The new fund invests in the 50 most widely held U.S.-listed stocks across SoFi Invest self-directed brokerage accounts and overlays an actively managed options strategy designed to pursue monthly income distributions and long-term growth potential.

The product is aimed at investors who want income-oriented exposure without the complexity of running covered-call strategies themselves. Such strategies typically require meaningful capital, ongoing risk management and hands-on execution, since an investor generally needs to own at least 100 shares of a stock to write covered calls. SFYI packages professionally managed options exposure into a single ETF, allowing investors to access the strategy through one ticker.

Brian Walsh, Head of Advice and Planning at SoFi, said income-seeking investors are being challenged to rethink traditional approaches amid an uncertain interest-rate environment and economic volatility. He said SFYI gives investors another way to pursue their objectives by pairing the most widely held stocks in the SoFi Active Invest community with a strategy that targets monthly income and potential growth.

The fund builds on SoFi's existing Social 50 ETF (NYSE Arca: SFYF), which holds the top 50 stocks by member investment. Current SFYF holdings include Tesla, NVIDIA and Amazon, with names rebalanced monthly and weighted according to the amount members have invested in each company. SFYI applies its options strategy across that broad portfolio, offering more diversification than a single-stock covered-call approach.

SFYI is a series of Tidal Trust I, with Tidal Investments LLC serving as investment adviser. The fund carries a gross expense ratio of 0.73%. SoFi acts as brand sponsor and marketing support provider but does not make investment decisions, provide investment advice, or act as investment adviser. The ETF is listed on NYSE Arca and can be purchased through SoFi Invest and other brokerage platforms.

SoFi now sponsors several other ETFs advised by Tidal Investments: the SoFi Agentic AI ETF (AGIQ), the SoFi Select 500 ETF (SFY) and the SoFi Enhanced Yield ETF (THTA). The company said there is no guarantee SFYI will achieve its objective or make distributions in any given month, and distributions, if any, may vary and could include return of capital.