Are Meme Stocks Ready To Rip Again? Here Are 2 ETFs To Ride The Latest Wave

Meme stocks are, once again, taking center stage following the return of Keith Gill, better known as “Roaring Kitty,” to social media after a nearly three-year hiatus. Gill, a central figure in the meme stock phenomenon that rocked the market in early 2021, has reignited interest in these volatile yet potentially lucrative investments.

GameStop Inc. GME, the struggling video game retailer at the heart of the meme stock frenzy, witnessed a staggering 60.1% gain on Tuesday, closing at $48.75 after hitting a high of $64.83 earlier in the day. This surge comes on the heels of Gill’s recent social media post, which has garnered over 19 million views and sparked a viral reaction among investors.

AMC Entertainment Holdings, Inc. AMC, another prominent meme stock, also experienced significant gains, rising 31.98% on Tuesday. The renewed interest in meme stocks has investors wondering if this is the beginning of another wild ride.

For those looking to capitalize on the latest meme stock wave, two Exchange Traded Funds (ETFs) stand out as potential vehicles:

Schwab Crypto Thematic ETF STCE

The Schwab Crypto Thematic ETF gained 3.96% on Tuesday, benefiting from its unique blend of investments in key cryptocurrency companies and meme-related stocks. By combining digital finance with viral market trends, this ETF offers exposure to the dynamic world of meme stocks and cryptocurrencies.

Top holdings in the fund include MicroStrategy Incorporated MSTR, Coinbase Global, Inc. COIN, CleanSpark, Inc. CLSK, and Marathon Digital Holdings, Inc. MARA. GameStop also features in the fund’s portfolio, with a weight of 1.96%.

Amplify Video Game Tech ETF GAMR

The Amplify Video Game Tech ETF, which gained 5.11% on Tuesday, is another option for investors seeking exposure to meme stocks. The fund invests at least 80% of its net assets in companies primarily engaged in supporting or utilizing the video gaming industry.

Top holdings include GameStop Corp GME, Bilibili Inc BILI, and Embracer Group AB (EMBRACB SS). GameStop alone accounts for 5.29% of the fund’s market value, making it a significant player in the ETF’s performance.

While meme stocks offer the potential for rapid gains, investors should be aware of the risks associated with these highly volatile investments. Unlike traditional stocks, which are influenced by fundamental analysis and corporate performance, meme stocks are often subject to rapid price changes driven by hype and mass trading actions.

Targeting More Sustainable, Long-Term Gains

For those seeking more reliable long-term gains, an investment like Cityfunds may be a more suitable option. Cityfunds offers investors the opportunity to own fractional shares of high-quality homes in top-performing cities across the United States. By investing in a diversified portfolio of carefully selected properties, investors can benefit from the potential appreciation of the real estate market without the volatility associated with meme stocks.

With a low minimum investment of $500 and a user-friendly platform, Cityfunds makes it easy for investors to build wealth through real estate. The experienced team at Cityfunds handles all management aspects, allowing investors to enjoy passive income and long-term growth potential without the hassles of direct property ownership.

Click here to explore the cities you can invest in through Cityfunds. 
As the meme stock phenomenon reignites, investors must carefully consider their risk tolerance and investment goals before diving in. While ETFs like STCE and GAMR offer exposure to this exciting market segment, more risk-averse investors may find greater peace of mind and stability in real estate investments like Cityfunds. Ultimately, a well-diversified portfolio that balances high-risk, high-reward investments with more stable, long-term growth opportunities may be the key to financial success in these unpredictable times.