This ETF Rally 1000% in Just 2 weeks!

This ETF grow over 1000% in just 15 days since launch!! From $8.25 to $99.79. After Hours is over $110+

This ETF invests in promising tech unicorns still in the private sector, like Stripe, OpenAI, Space X, Discord, Epic games... Below are they current portfolio. 34% of its portfolio is invested in Space X - owned by Elon Musk.

This ETF is Destiny Tech100 with the ticker DXYZ. Their target is to expand their investment into 100 high growth Tech companies.

The Annual management fees is 2.5% - it is expensive in ETF standard, but on par if you compare to the fees charged by Venture Capital.

The Destiny Tech100 ETF is indeed a groundbreaking offering, providing retail investors with a rare opportunity to invest in some of the most significant yet privately held technology companies.

You can go through the detail of this ETF via their website: https://destiny.xyz/tech100

You can download the prospectus here: https://destiny.xyz/tech100/Destiny%20Tech100%20Inc.%20Prospectus.pdf

Pls note of its valuation. Its net asset value (NAV) of $52.6 billion as of December 31, 2023, and with 1,455,276 shares outstanding, the NAV per share is approximately $36. Yet, the ETF's trading price nearing $100 implies it is valued at almost 2.8 times its NAV. While DXYZ may warrant a premium due to its exclusive access.

You can access their annual report as of 31 Dec 2023 here: https://destiny.xyz/tech100/Destiny%20Tech100%20Inc.%20Annual%20Report%202023%20Final.pdf

As a closed-end fund, Destiny Tech100 does not accrue additional funds even as its ETF price increases. Instead, the fund's value is determined by the performance of its underlying investments, and not the ETF's returns.

In other words, the NAV won’t increase until the underlying investments get valued higher. In addition, private valuation can be iffy, with a lot of pricing uncertainties here.

Please do your own research and due diligence before any investment.

Happy Investing,

SK