If You Invested $1,000 In Trump NFTs, You'd Have This Much Now (And Does It Beat S&P 500?)
Portfolio Pulse from Chris Katje
Former President Donald Trump's non-fungible token (NFT) collection, Trump Digital Trading Cards, has seen significant demand and price volatility. An initial investment of $1,000 in these NFTs would now be worth $2,117.50, a return of 111.8% in around eight months. This outperforms the same investment in the SPDR S&P 500 ETF Trust, which would have returned 14.3%. However, the second series of Trump NFTs has not performed as well, with investors down around 64.4% on their investment.
August 17, 2023 | 3:27 pm
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NEUTRAL IMPACT
The price of Ethereum (ETH) is relevant as the Trump NFTs could be purchased with this cryptocurrency. The value of the NFTs is also expressed in terms of ETH.
The price of Ethereum (ETH) is relevant as it was used to purchase the Trump NFTs and the value of the NFTs is also expressed in terms of ETH. However, the news does not provide any specific information about the price movement of ETH.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 75
NEGATIVE IMPACT
The SPDR S&P 500 ETF Trust (SPY) is mentioned as a comparison for the return on investment in the Trump NFTs. The ETF has underperformed the NFTs over the same period.
The SPDR S&P 500 ETF Trust (SPY) is mentioned as a comparison for the return on investment in the Trump NFTs. The ETF has underperformed the NFTs over the same period, indicating a lower return for investors.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 50