$State Street® SPDR® PrtflNsdq®100ETF(QNDX.US) dipped slightly, while $Destiny Tech100(DXYZ.US) actually saw a small gain.
The former holds a standard basket of listed tech giants, while the latter holds unlisted stakes in companies like SpaceX and OpenAI—when the public market falls, the 'shadow basket' of the primary market sees people buying at a premium.
Destiny's premium has long been ridiculously high, and its net asset value is only an estimate; chasing it is essentially buying into 'FOMO for things that can't go public.' The secondary market is falling while the primary market is hot—which pricing do you trust?
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