$LYTE — Roundhill's new pure-play optical ETF went live yesterday, and it's already tradable on StableStock from day one. The Photonics & Optics ETF (LYTE) is actively managed, built around the multi-decade AI infrastructure buildout. Top holdings as of Aug 6: — Lumentum ( $LITE) 15.5%, Coherent ( $COHR) 15.4%, Ciena ( $CIEN) 13.4% — US optical majors — Eoptolink 14.4%, Zhongji Innolight 14.2% — Chinese module leaders, held via total return swaps — TFC Optical, Yuanjie, Accelink round out the China exposure @roundhill has had a sharp read on themes this year — first DRAM, now optical connectivity. Whether the timing holds is for the market to judge, but the selection instinct is worth watching. Nearly half the book sits in Chinese names, accessed through swaps since A-shares aren't freely open to foreign funds. One ticker, the whole optical chain. → NFA. For informational purposes only.