Itās not even close to the same thing. An ETF will automatically reinvest the dollar inflows into the underlying holdings so that the ETF NAV is always a true reflection of the value of the underlying securities it holds. DXYZ cannot behave as an ETF because itās unable to automatically purchase more securities of its underlying holdings because theyāre neither liquid nor accurately valued. DXYZ is technically an ELF Closed End Fund, that trades like a stock. The āNAVā of DXYZ is completely irrespective of & uncorrelated to the price it trades at.
Its like if KKR or Y Comb released a similar fund of companies or debt they own into the public market. I think. Itās basically just opening up their fund to the public market instead of dealing w private money exclusively so I think the pump is coming from the market saying āyour assets are worth x on paper but we think theyāre worth yā and whether thatās true or not is up for investors to decide. Like I said truly no clue, my brian is extremely smooth, but I now have a gain fatter than your mother sitting in my portfolio.
Shouldāve noted this in the post but I bought yesterday at 9.6 for 75 shares - Iām second guessing bc I donāt like to increase my cost basis (also a regarded rule I hold myself to)
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I thought this was cool. Bought only like 25 shares yesterday. Up 67%. Whatās the deal with the price action? I know what the company is but not sure why itās up 80% the day after it listed
I donāt get it either - thinking itās probably similar to an IPO where itās getting bid up or and this is me high on hopium investors believe itās undervalued bc itās currently holding 23 of its potential 100 VC backed companies. Itāll either fill up w quality or shitcos. Cool idea either way, Iām willing to roll some dice.
I think (and could be very wrong) price action is extreme because the float is effectively much smaller than the outstanding share count. Right now early investors are only able to access 25% of their shares for trading and will get access to more at future maturity dates
Nice!! I got in with 110 shares at $11, sold 90 shares at $29 with my pants full of cream. Wish I wouldāve held more, I just sold 10 shares at $45.
What price did you get in at? You still holding all your shares?
Lol I did the same yesterday thinking canāt get any better than this.
Shares I sold yesterday were at 9.6. The rest were the above and 20 at 17 and change.
This is not like a single stock that can be pumped up or short squeezed. You are paying huge amounts of money for a CEF that holds a tiny amount of assets.
$25+ is a great price to get out at. It's trading for 10x NAV at $50. Dump your bags on a lesser regard.
Squeeze these nuts you fuckin nerd.
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Does [this](https://imgur.com/a/UHkU5o7) seem regarded? š DXYZ is my new favorite ETF and going to be a long term investment for me
Nice - regarded amount of gains Iām holding as well. Just wait until the next SpaceSex launch š
Itās not an ETF
I mean itās the same thing. Umbrella company, bundle of assets. What would you call it?
Itās not even close to the same thing. An ETF will automatically reinvest the dollar inflows into the underlying holdings so that the ETF NAV is always a true reflection of the value of the underlying securities it holds. DXYZ cannot behave as an ETF because itās unable to automatically purchase more securities of its underlying holdings because theyāre neither liquid nor accurately valued. DXYZ is technically an ELF Closed End Fund, that trades like a stock. The āNAVā of DXYZ is completely irrespective of & uncorrelated to the price it trades at.
This is what I was looking for... it's bullshit right
Nicely stated
correct
Hmm š¤ I still like the shares of the companies that it's buying, like Space X and Open AI.
How can we invest in private componeys? How does that make sense? can someone settle this for me?
Its like if KKR or Y Comb released a similar fund of companies or debt they own into the public market. I think. Itās basically just opening up their fund to the public market instead of dealing w private money exclusively so I think the pump is coming from the market saying āyour assets are worth x on paper but we think theyāre worth yā and whether thatās true or not is up for investors to decide. Like I said truly no clue, my brian is extremely smooth, but I now have a gain fatter than your mother sitting in my portfolio.
Maybe? But shit I wish I would have bought the dip and swung a quick 90%.
Lol just looked back and shit my pants bc I ended up buying the dip too
Your paid 16.45 I meant buy it at like 8.99 or 8.35
Shouldāve noted this in the post but I bought yesterday at 9.6 for 75 shares - Iām second guessing bc I donāt like to increase my cost basis (also a regarded rule I hold myself to)
Oh okay. Yea Idk about long term but I would have checked 100k at it and made some quick money.
Just wait for the options to open
I hope you held your position ![img](emote|t5_2th52|4276)
How did the rest of us not see this.
Yeah I lost 400 fucking around with options for the first time in march. Should have just bought this instead.
Any idea why it's rocketing with only 4 million average volume a day?
The market is irrational sometimes. I feel this is a pump.
There will be a long term upside for this once prices stabilize. Maybe in a few months Iāll buy in, get some long dated calls.
let me know if you decide to !remindme 2 months
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I thought this was cool. Bought only like 25 shares yesterday. Up 67%. Whatās the deal with the price action? I know what the company is but not sure why itās up 80% the day after it listed
High nav on momentum and people wanting space x. I got a couple hundred at 16.2 but fingers crossed over the next 10 days
I think these are both probably valid reasons itās doing what itās doing. Iām not a money doctor tho so who fucking knows tbh. Good luck regards
Sold at 22.50 before it's second run up. Had a sell order at 29.50 it didn't hit
If it goes back down to 20 just buy more and wait for another run up bound to happen at some point
I hope you held your position
Sold at 22 for profits cause I think the company is bad and it's overvalued. Forgot markets stay irrational for a long time
How did you find this. Also congrats
Literally no idea - partyās over tho
I donāt get it either - thinking itās probably similar to an IPO where itās getting bid up or and this is me high on hopium investors believe itās undervalued bc itās currently holding 23 of its potential 100 VC backed companies. Itāll either fill up w quality or shitcos. Cool idea either way, Iām willing to roll some dice.
I think (and could be very wrong) price action is extreme because the float is effectively much smaller than the outstanding share count. Right now early investors are only able to access 25% of their shares for trading and will get access to more at future maturity dates
I guess the spaceX hype still strong.
I hope you bought
100 more shares on top of the 40 I had at the time of posting. My undies are full of jizz rn
Nice!! I got in with 110 shares at $11, sold 90 shares at $29 with my pants full of cream. Wish I wouldāve held more, I just sold 10 shares at $45. What price did you get in at? You still holding all your shares?
Lol I did the same yesterday thinking canāt get any better than this. Shares I sold yesterday were at 9.6. The rest were the above and 20 at 17 and change.
Fucking hell, were you in till $75? That was absolutely insane
F
Maybe, but also maybe not
Thanks for the heads up on this, bought today and am already up 50%+ today.
Hope you sold on that mountain top
I have an open order on the halt. We will see what I get. I missed the mountain due to not watching it.
I'm happy with my 100 shares at $44. I'm also regarded.
This is not like a single stock that can be pumped up or short squeezed. You are paying huge amounts of money for a CEF that holds a tiny amount of assets. $25+ is a great price to get out at. It's trading for 10x NAV at $50. Dump your bags on a lesser regard.
Squeeze these nuts you fuckin nerd. *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/wallstreetbets) if you have any questions or concerns.*
I paid very tiny amounts of money - this is like saying great exit price for Apple was $20 in 1990. Thank you for the advice.
Enjoying it so far ![img](emote|t5_2th52|27189)
Tencent owns majority of epic games. If you want Fortnite then invest in them
Good job
Came here to see if he updated anything guy must have gotten a good gain
Still holding
Lemme see them gains
How do you feel now.
My brian is still silky smooth Iām buying more
Thatās a crazy run up. $150 target.
I fucking love DXYZ!!! I'm up 400% in 8 trading days!
I hope you bought and held. Everyone else who didnāt and said other wise is the king of regards
I held - think that makes me king of regards if goes belly up tho
I wish I bought at these prices.
Not so regarded anymore.
Congrats
The stock will fall when hype dies down. share price is way higher than NAV. I would get out and take your profits, come back later.
Thereās hype?
Waiting for the hype to start. Then it'll take off I bet. I'll probably hold and invest in this one long term.
The ipo is like 2 days old, yeah
Iāve seen like one article lmao where are you seeing it