Meme ETFs 😂

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Meme ETFs

You might find ETFs to be very safe instruments, and they are. Many invest their money into the SPY index fund as per Warren Buffett’s recommendation, or a dividend ETF. Some go for a growth fund, others lean for a more conservative-styled ETF, and you might use an inverse ETF to hedge your portfolio. More ETFs are entering the market, and some may surprise you.

With the current markets being a speculative mania, social sentiment is a powerful tool. It indicated the short-squeezes, and many wild runs in stocks. To solve this, a social sentiment ETF was created, its ticker being “BUZZ”. It was backed by one of the original stock market memelords: Dave Portnoy, the sports gambler who became a stock market trader. This ETF has more than 500 million dollars in net assets, and it’s a popular ETF for retail traders.

Another one has now arrived; this time, it is a FOMO ETF, or fear of missing out. Obviously, the ticker is “FOMO”. This gets you access to speculative assets like SPACs, cryptocurrencies, and meme stocks. The creator of this ETF believes that FOMO has a lot of power and believes that retail traders will buy it. Recently, the stock market has seen a resurgence in meme stocks, with AMC and GameStop closing as top gainers and forcing shorts to close once again. Although the ETF will likely lag the market, FOMO could see a short squeeze someday if the short interest is high. Will you be buying shares in these modern ETFs?

I am not a financial advisor and my comments should never be taken as financial advice. Investments come with risk, so always do your research and analysis beforehand.

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