Investors Want A Chamath Palihapitiya ETF And They Might Get It Soon

Potential Holdings: A Social Capital holding company or Chamath ETF would include SPACs from Social Capital Hedosophia and also companies Palihapitiya has backed as a member of the PIPE.

Social Capital has launched six SPACs, with three of them completing deals, one pending and two without targets.

Virgin Galactic Holdings SPCEOpendoor Technologies OPEN, and Clover Health Investments CLOV all completed SPAC mergers.

Social Capital Hedosophia Holdings Corp V IPOE is taking SoFi public. Social Capital Hedosophia Holdings Corp IV IPOD and Social Capital Hedosophai Holdings Corp VI IPOF are both searching for targets.

SPACs that Palihapitiya has been involved in as a member of a PIPE include MP Materials MP, Desktop Metal DM, Insu Acquisition Cop II INAQ, and ArcLight Clean Transition Corp ACTC, which recently announced a merger with Proterra.

An investment offering a basket of stocks and SPACs could also include companies Palihapitiya is a fan of, which include, Inc AMZNSlack Technologies Inc WORK, and Tesla Inc TSLA.

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Disclosure: Author is long shares IPOD, SPCE.

© 2021 Benzinga does not provide investment advice. All rights reserved.

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