Drew Voros on the launch of the latest speculative ETF

This month, the VanEck Vectors Social Sentiment ETF (BUZZ) was launched, and did so with a bang.  The fund has gathered $500 million in assets in two weeks, thanks to circuslike environment the fund was launched under. 

David Portnoy, founder of Barstool Sports and the newest market gadfly, is one of the financial backers of BUZZ and its index created by Buzz Holdings.  And he took to Twitter to pitch BUZZ’s launch in car-salesman style to the delight of his followers and the public, and to the horror of the Wall Street “suits.”

~ Drew Voros, "‘BUZZ’ ETF: White Noise Or Right Noise?," ETF.com, March 23, 2021