3 ETFs to Consider for the Next Stock Rally Meme

Meme stocks are back in the spotlight with the resurgence of Keith Gila.k.a Roaring kitten, on social networks after a three-year break. Its return has reignited interest in meme stocks like GameStop Corp. (NYSE: GME), AMC Entertainment Holdings, Inc. (NYSE: AMC), and others, causing their prices to rise significantly.

For investors looking to ride this wave, here are three ETFs to consider:

The VanEck Social Sentiment ETF provides exposure to large-cap U.S. stocks that display highly positive sentiment on social media.

It tracks the BUZZ NextGen AI US Sentiment Leaders Index and includes stocks like GameStop and AMC. With an asset base of $67.2 million and annual fees of 0.75%, BUZZ is a top choice for those looking to capitalize on the meme stock frenzy driven by social media hype .

Also read: GameStop, AMC, Tesla: Expert assesses short interest in 3 stocks favored by retail investors

The SoFi Social 50 ETF focuses on the 50 most widely held U.S. stocks on the SoFi Invest platform.

This ETF provides investors with exposure to stocks popular among retail traders, often driven by social sentiment. Key sectors include consumer discretionary, technology and communications. SoFi Social has $17.1 million in assets and charges 0.29% annual fees, making it an attractive option for those looking to invest in trending stocks.

The Amplify Transformational Data Sharing ETF, while primarily focused on blockchain technology, includes companies that are significant players in the space of digital finance and meme stocks.

The ETF has $702.8 million in assets and charges 0.76% annual fees.

With stakes in companies such as MicroStrategy Inc. (NASDAQ: MSTR) and Coinbase Global, Inc. (NASDAQ:COIN), the ETF provides indirect exposure to the meme stock phenomenon. Its diversified approach can offer balanced risk to investors interested in the volatility of meme stocks.

The resurgence in meme stocks driven by Roaring Kitty signals another potential rally. While these ETFs provide exposure to the high-risk, high-reward world of meme stocks, investors should be aware of the inherent volatility and speculative nature of these investments. It is essential to do thorough research and consider your risk tolerance before diving into the meme stock market.

Read next: EXCLUSIVE: What matters most to retail investors at GameStop’s annual shareholder meeting: Roaring Kitty, Crypto or turnaround?

Photo: Shutterstock