
The Destiny Tech100 Inc. ($DXYZ) closed-end fund has experienced significant volatility in recent days, highlighted by a surge of 280% since the Trump win, with a notable 20% decline following a rapid increase. The fund's performance is largely attributed to its substantial private stake in SpaceX, which has drawn considerable attention from investors. Analysts caution that closed-end funds like $DXYZ differ significantly from exchange-traded funds (ETFs) and can exhibit large deviations from net asset value (NAV). As of now, $DXYZ is trading at 10 times its NAV, indicating a speculative interest among investors, particularly those associated with day trading and high-risk investments.

Destined for a pullback? The Destiny Tech100 closed-end fund, which has a big private stake in SpaceX, is tumbling 20% after surging yesterday and last week. I wrote about $DXYZ Friday for @barronsonline ICYMI. https://t.co/Ar8mxLishX
Musk’s day-trading fan club is on a buying spree in some of the most speculative parts of the market, from Dogecoin to a closed-end fund that has SpaceX among key holdings. $DXYZ is up 280% since Trump win, trading at 10x NAV https://t.co/k7FGE8MTVp via @markets w/ @VildanaHajric https://t.co/g9dWMw6uKG
This investor’s Trump basket is up 87% since March. Here’s what he likes now. https://t.co/OvfN9Z3eWV