SoFi Blog

Tariffs, IPOs…and Salty Chips

May. Springtime. Three-day weekends. It’s usually a time to celebrate Star Wars, not initiate trade wars, but that’s not how it went down this year. That, plus some chip drama and some new murmurs about Bitcoin made for a spicier-than-usual month in the markets. On top of that, the IPOs kept popping. Yep, 2019 has been ripe so far for some delicious market news.

First came SoFi’s fee-waived* ETFs, SoFi Select 500 ETF (ticker: SFY) and SoFi Next 500 ETF (ticker: SFYX), providing our members access to diversified US equity for only $10 per share.

Then came the SoFi Gig Economy ETF (ticker: GIGE), a first-of-its-kind thematic ETF focused on the companies revolutionizing how individuals live and work. SoFi is now excited to highlight the fourth ETF in our line-up: the SoFi 50 ETF (ticker: SFYF).

Groupon or GrubHub? Square or Paypal? eBay or Etsy? Who will win our business may be up for debate, but the question of how the gig economy is changing the future of work and commerce certainly is not.

When you think about the Gig Economy, you may immediately think of Lyft drivers and short-term rental hosts, but there are many other players and companies helping to make this shift in the workforce a permanent fixture of everyone’s daily lives to bring you what you want, when you want it.

You may have heard that a couple weeks ago, we launched our very first SoFi-branded, waived-fee* ETFs, SoFi Select 500 and SoFi Next 500. Well, we’ve got more good news! We’re here today to share that we’ve launched two more ETFs. We’d like to introduce SoFi Gig Economy (NASDAQ: GIGE) and SoFi 50 (NYSE: SFYF).

Earlier today, we announced two new partnerships in the insurance space to include homeowners and renters insurance through Lemonade and auto insurance through Root with SoFi. These partnerships round out our existing insurance offering with Ladder , giving you access to more tools and services to protect your finances.

As with all SoFi products, we want to offer seamless online experiences, easy-to-understand services, and affordable rates.