In San Francisco, SoFi Technologies, Inc. (NASDAQ: SOFI) introduced a new ETF named the SoFi Social 50 Income ETF (NYSE Arca: SFYI). This ETF focuses on the top 50 U.S.-listed stocks held by SoFi Invest self-directed brokerage accounts and incorporates an actively managed options strategy. The primary goal of SFYI is to achieve monthly income distributions and growth opportunities. This move aims to cater to investors utilizing options strategies, with the ETF looking to tap into the growing interest in such financial products.