Asset Management

‘Meme stock’ ETF targets retail investor boom

The sudden rise and obvious power of the retail trading movement has created a new market dynamic
The sudden rise and obvious power of the retail trading movement has created a new market dynamic Photo: Getty Images

An exchange-traded fund that offers investors exposure to meme assets, and all the trending investments that social media has to offer, is making its debut on Wall Street.

Tuttle Capital Management’s FOMO ETF will start trading on the Cboe Options Exchange on Tuesday, providing the market with a new tool for leveraging the retail trading boom by investing in all the buzziest “meme stocks” and funds, from special-purpose acquisition corporations — known by the acronym Spacs — to crypto-adjacent investments.

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