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They are shutting down the MEME ETF on a date I keep seeing… (lemmy.world)

submitted 9 months ago by mamuter to c/theppshow

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Here is the link to the story

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[–] rezz 8 points 9 months ago* (last edited 6 months ago) (2 children)

Uninformed: where else is this date and why?

[–] mamuter 8 points 9 months ago

A couple different things, but this is the main one. Swap due the following day

https://lemmy.world/post/8752110

[–] manbeef 5 points 9 months ago

Pulte meetup date as well. Very likely just a coincidence, but maybe not.

[–] mamuter 5 points 9 months ago (1 children)

I think the basket is about to run and they don’t want to make it easy for retail to profit off of it. GME is running today.

[–] Tramskivroto 2 points 9 months ago* (last edited 9 months ago)

IMHO "run" is an understatement, I prefer it's about to blow the tits off of the market. It is my belief the RC & Company's strategy was implemented to capitalize off of this "event".

[–] jan21ape 4 points 9 months ago (1 children)

what happens to short positions against the ETF?

[–] [email protected] 1 points 9 months ago

Does it even matter if the ETF shares were created without buying the underlying?