Metaverse fund PUNK shutting down as focus shifts to AI

Metaverse ETF PUNK closing after betting against Meta's vision

, which was trading at around $300 the day the fund started trading. Meta tumbled to under $90 in November, and is currently back up around $240., among others. Subversive says it “is dedicated to investing in radical companies whose core missions subvert the status quo and require sophisticated regulatory strategies for success.”

"We continue to believe Meta's focus is misguided and we've decided to pivot given the rapid advances in more promising technology such as artificial intelligence,” Subversive's portfolio manager, Christian Cooper, said.© 2023 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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