Tyler Crowe

By 2023, this ETF, under the ticker MEME, actually closed up shop because a lot of those companies didn't quite make it.

But to use social media parlance from, it's so over, we're so back, we are so back because Roundhill announced yesterday that it is relaunching the meme stock ETF with a whole new set of holdings.

Now, I wish we had video for this podcast because I would like to take that iconic lineup from the usual suspects and just put the tickers over their faces.

If we look at the Roundhill meme ETF,

under the same ticker again, M-E-M-E, that last period during 2021-2022, it was certainly the top in terms of market euphoria in a particular set of companies.

What camp are you in when we look at this new iteration of the meme stock ETF?

Do you think this is an old song and dance, and it's probably going to have the same results?

Or is this perhaps going to a different rhythm?

On the reactionary thing, and that's actually where I landed when I looked at this.

I find myself, this is a

looking backwards ETF.

When I think of meme stock ETF, it's like trying to identify the next big meme stocks that you can really benefit from their run-up.

I would think that a company that wants to put out a product like this, this particular ETF that Roundhill has done, I thought they would be trying to do that instead of trying to, I guess you could say, ride the coattails of,

All these companies that are in the portfolio that have already had jaw-dropping returns.

We have companies in here that are up 400% over the past year.

That's a lot.

I'm just wondering if it's just trying to catch the last bit of fumes rather than being a forward-looking, trying to identify the next big thing.

With that, I do have a little challenge for us.

As you've got, Matt, there's probably a couple of them in here that over the long-term are going to work out.

Before the show, I sent you a list of the entire M-E-M-E ETF holdings.