Own the Memes of Production
Alex Adelman@alexadelman
−10.6%
since Sep 30
The idea
I believe internet culture is turning into property, and the most iconic memes will end up as scarce digital assets people pay to own. I express this through the coins themselves at over half the basket, split across doge, bitcoin, and ether exposure since pepe and CryptoPunks live and trade on these rails, plus equal-weighted positions in the exchanges acting as toll booths and a leveraged treasury holder. I keep some cash on the side since seven concentrated bets on one theme swing hard together, and I'd rethink this if meme assets stopped attracting real cultural or monetary weight.
What it owns
- Direct ownership of the most recognizable internet-native assets that have become scarce, tradeable property. · REX-Osprey Dogecoin ETFA US-listed spot fund lets investors own the most culturally dominant meme directly without custody or complexity., iShares Bitcoin TrustBitcoin proved that internet-native ideas could become scarce, valuable digital property, establishing the template for all memes to follow., iShares Ethereum TrustThe blockchain where meme assets like CryptoPunks and Pepe actively trade and settle, making network activity tied to their adoption., 21Shares Dogecoin ETFA second spot Dogecoin fund from a different issuer doubles down on the anchor meme while spreading fund-level operational risk.54%
- Platforms that collect fees whenever meme assets trade hands, capturing value from the activity itself rather than betting on any single meme. · Robinhood MarketsThe primary venue where retail traders actually buy and sell meme culture assets, positioning it to capture fees from mainstream adoption., Coinbase GlobalCollects trading fees on meme coin and meme asset transactions in the US, benefiting from volume growth regardless of which meme wins.26%
- A company holding bitcoin on its balance sheet as treasury reserves, amplifying exposure to the original meme asset through leverage. · MicroStrategyHolds bitcoin on its balance sheet using leverage, amplifying returns from the original meme asset in both directions.8%
- Cash12%