Punk ETF

Subversive Capital Advisor LLC launched its first Exchange Traded Fund (ETF), the Subversive Metaverse ETF (Ticker: PUNK) in 2022. In May 2023, the fund closed, but having accomplished what we intended. 

The world watched as Meta, formerly Facebook, place a big bet, including its name, on the future of the Metaverse. We launched the Fund to short Facebook, and to invest in other companies spearheading innovation in this new space. 

Due to limitations, challenges and an uncertain audience, Facebook’s pivot to Meta has not panned out. 

We took interest not in Facebook, but in other companies innovating in the Metaverse based on careful research, trends and information we had at the time. Since then, new and unexpected innovation in AI has captured the interest of the tech world, leaving the metaverse behind. With technology rapidly evolving– companies, entrepreneurs and investors, including us, need to remain ready to pivot.