If you have your heart set on investing in up-and-coming private companies, options exist, but are limited. Destiny Tech100 is a closed-end fund that began trading on the New York Stock Exchange on March 26. It offers exposure to some of the top venture-backed private technology companies, including SpaceX, OpenAi, Epic Games, Chime Financial, Klarna Bank, Discord and Stripe.
, that held these private shares. This is not yet feasible because s have to be able to continuously create or redeem shares in the underlying securities. There is not sufficient liquidity in these private tech names to allow this. There are other attempts to get around the problem. In late 2022, Cathie Wood launched the ARKVX Venture Fund , an interval closed-end fund. This fund also invests in private tech companies like SpaceX, FigureAI, Epic Games and OpenAI, but also owns public companies like Coinbase and Robinhood .
Edge today at 1:10 p.m. ET. Edge.cnbc.comBob Pisani