6/4/2023 0 Comments Twitter ticker symbol problems![]() Roundhill is also part of the thematic boom. because the ticker wasn’t part of the NYSE pitch. Among the stand-outs he cites is COIN, which drew cryptocurrency exchange Coinbase Global Inc. “Because there’s been so many IPOs and SPACs, many unique or consumer companies, they’ve taken a lot of great tickers,” he says. But Mazza reckons it’s getting more competitive, and not just because of the fund boom. To date no one has tried to buy a live ticker from him, “but I do know there are back-channel conversations about if someone might have a ticker that you think you might want, is there a possible swap,” he says.ĭirexion has been well-placed to surf the thematic wave thanks to products with funky tickers like MOON, WFH and GUSH. “As we’ve seen an increase of retail trading and investors come into the market, there certainly has been greater appetite for firms-including ourselves-to try and gain access to tickers that may fit in the memorable category,” says Dave Mazza, head of product at ETF issuer Direxion. These ETFs, which target hot trends like robotics or electric vehicles, have amassed roughly $165 billion in assets - up from below $50 billion in 2016. Yet this is a niche where fees and distribution take a back seat to visionary ideas and persuasive pitches. “Now that we’re getting into more thematic ETFs where that ticker becomes even more important and recognizable, I think we’re going to see that activity increase.”Īn ETF-ticker gray market, fueled by the thematic investing boom? It seems fanciful, considering the complex cocktail of ingredients that combine to make or break any fund. “It’s probably still kind of a minority situation,” Flores says. Unsolicited approaches for tickers are likely becoming more common. She describes it as “technically” legal-which is good enough for me-and intriguingly, says it’s not such an unusual request. I explain my MEME plan to her, and ask if it’s feasible. She’s who you call if you want to get your ETF registered, and helped turn the concept behind MEME into the filing that landed with the Securities and Exchange Commission on Thursday. “The high-frequency ticker-reservation guys.” The gray marketĪt law firm Morgan, Lewis & Bockius LLP, Laura Flores specializes in the regulation of investment vehicles. Although I suppose that would create a millisecond risk of someone stealing it. ![]() You could agree to a price, I say, and Roundhill can drop the ticker and the buyer can reserve it a second after it does. ETF universe, therefore, a ticker is all-important. Subscribe here to get my analysis and stock picks in your inbox.To win a slice of the record billions pouring into the saturated $6.7 trillion U.S. Stay ahead of the market trends with Meanwhile in MarketsĮvery day, I put out a story that explains what’s driving the markets. Not only isn’t the company publicly listed, it’s also non-profit.īut there’s speculation that Meta could be building a Twitter alternative.Īs Darrell Etherington, TechCrunch’s Managing Editors wrote: “with its existing social pedigree and network dynamics, likely has the best chance of being able to replicate what led to Twitter building the user base it currently enjoys - and also growing that, while turning it into a money-making enterprise at the same time”Ĭould Meta take advantage of Twitter’s shakeout and copycat it in an effort to revive itself ? It’s not outside the realm of possibility considering its track record in knocking off the competition. There’s no direct way to trade this open-source platform. Is there Mastodon stock or a way to invest in this growing social network? The short answer is no. ![]() YouTube, Instagram, Facebook, and Twitter all use an algorithm to determine what you see when you open them. Most social media platforms don't use a chronological feed. ![]()
0 Comments
Leave a Reply. |