{"id":210065,"date":"2025-10-08T21:43:09","date_gmt":"2025-10-08T21:43:09","guid":{"rendered":"https:\/\/www.newsbeep.com\/us\/210065\/"},"modified":"2025-10-08T21:43:09","modified_gmt":"2025-10-08T21:43:09","slug":"the-meme-etf-is-back-is-it-late-to-the-party-again","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us\/210065\/","title":{"rendered":"The Meme ETF is back. Is it late to the party again?"},"content":{"rendered":"

Roundhill Investments resurrected an exchange-traded fund focused on meme stocks on Wednesday, aiming to give everyday investors a simple way to play the new class of buzzy-yet-volatile stocks.<\/p>\n

But if history repeats itself, that could signal the trade \u2014 and broader market \u2014 is already losing its steam.<\/p>\n

Roundhill said the Meme Stock ETF<\/a>, which launched again on Wednesday, trades under the ticker MEME. That’s the same ticker the firm used for its previous meme-focused ETF that launched in late 2021 before closing two years later.<\/p>\n

“Meme stocks started as a rebellion but have grown into a revolution,” Dave Mazza, CEO of Roundhill Investments, said in a press release.<\/a> “With MEME, we offer investors a tool to capture that power through an actively managed ETF that can rotate quickly into the stocks dominating the conversation today.”<\/p>\n

Its previous run offers a cautionary tale. The ETF went live in early December of that year, just as the Nasdaq Composite<\/a> was hitting a peak. From the ETF’s 2021 launch to the announcement of its closure<\/a> in late 2023, the Nasdaq tumbled nearly 10%. The broad S&P 500<\/a> shed more than 3% in that timeframe.<\/p>\n

Stock Chart IconStock chart icon\"hide<\/p>\n

Nasdaq Composite, 5 years<\/p>\n

Well-known meme stocks fared much worse. GameStop<\/a> plunged around 69% in that period, while AMC<\/a> cratered by more than 96% in the nearly two-year span.<\/p>\n

“Meme stocks were a large part of the exuberant sentiment in the 2020-2021 market, ultimately leading to a cyclical peak,” Jonathan Krinsky, BTIG’s chief market technician, in a Wednesday note to clients that pointed out the irony of the relaunch.<\/p>\n

Stock Chart IconStock chart icon\"hide<\/p>\n

AMC and GameStop, 5 years<\/p>\n

Krisnky added that the meme fund launching was an indicator of market froth “reaching fever pitch.” Roundhill’s relaunch can be taken as “another sign of some exuberance,” he warned.<\/p>\n

To be sure, the new iteration of the fund reflects the new generation of meme stocks. During the Covid meme stock craze, Reddit user “Roaring Kitty”<\/a> and followers of the WallStreetBets forum led stock squeezes of GameStop and AMC, among other names.<\/p>\n

In today’s fund, Opendoor Technologies<\/a> is the largest holding with a weight of more than nearly 12%, according to Roundhill data as of Wednesday. The stock \u2014 which finished last year below $2 a share \u2014 has skyrocketed 430% this year amid attention<\/a> from hedge fund manager Eric Jackson.<\/p>\n

The Meme ETF’s biggest holdingsTicker Stock Weight (%) Opendoor TechnologiesOPEN11.9Plug PowerPLUG10.7Applied DigitalAPLD8.7QuantumScapeQS8.3Cipher MiningCIFR7.3<\/p>\n

Source: Roundhill, as of 10\/8\/2025<\/p>\n

Multiple quantum computing stocks, which have also seen huge swings this year, are also among the ETF’s largest holdings. QuantumScape<\/a> accounts for more than 8% of its weight, while Rigetti Computing<\/a> and Quantum Computing<\/a> Inc each make up more than 4%.<\/p>\n

The ETF fell 1.8% in its first session back on Wednesday. By comparison, the S&P 500<\/a> and Nasdaq both rose to all-time highs<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"Roundhill Investments resurrected an exchange-traded fund focused on meme stocks on Wednesday, aiming to give everyday investors a…\n","protected":false},"author":2,"featured_media":210066,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[27],"tags":[53323,48622,1531,116,28,122,2477,24591,113,112,121,31625,105492,28896,120118,28898,120084,117,114],"class_list":["post-210065","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-amc-entertainment-holdings-inc","tag-amc-networks-inc","tag-breaking-news-investing","tag-breaking-news-markets","tag-business","tag-business-news","tag-exchange-traded-funds","tag-gamestop-corp","tag-investment-strategy","tag-markets","tag-nasdaq-composite","tag-opendoor-technologies-inc","tag-plug-power-inc","tag-quantum-computing-inc","tag-quantumscape-corp","tag-rigetti-computing-inc","tag-roundhill-meme-stock-etf","tag-sp-500-index","tag-stock-markets"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/210065","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=210065"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/210065\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/210066"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=210065"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=210065"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=210065"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}