Warning about $Fundrise Innovation Fund LLC(VCX.US).
A very popular ETF with weighting toward (Anthropic, Databricks, OpenAI, Anduril, and SpaceX).Ask yourself this: Is SpaceX is worth 23 times $Meta Platforms(META.US) valuation?With the stock going up 1288% this month: VCX is trading at roughly ~20x its NAV. So 1500-2000% premium?This is like buying SpaceX at 34 Trillion USD. Or OpenAI at 16 Trillion USD. Would you short it?No: It's extremely low float and lack of options for hedging. But should you buy into it? $Fundrise Innovation Fund LLC(VCX.US) looks like greater fools theory right now and you’re playing hot potato.Source: Serenity
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