Key Takeaways

  • WallSteetBets, which preaches their short squeeze investment strategy, has become the most popular group on Reddit by active users.
  • FTX has launched a composite index for betting on assets discussed on /r/WallStreetBets.
  • Currently, the index is composed of four tokenized stocks and two cryptocurrency in Dogecoin and FTX token.

Share this article

FTX derivatives exchange has launched a composite index for trading in stocks and assets discussed on the famous Reddit group WallStreetBets (WSB).

FTX Adds WSB Index for WallStreetBets

FTX exchange has launched the Wall Street Bets index (WSB-0326) which allows users to trade assets that are popular on the Reddit group. The index tracks March 2021 futures prices of the respective stocks on German brokerage, CM-Equity. 

The index assets currently include Nokia, BlackBerry, AMC Entertainment Holdings, GameStop, iShares Silver Trust, and Dogecoin. Assets are equally weighed, accounting for 99% of the index’s value. The rest 1% is assigned to FTX’s native cryptocurrency FTT.

Distribution of Assets on FTX’s WSB Index. Source: FTX

The index starting trading at $320 last night and gained 118% to a peak of $700, last trading at $622.

FTX Tokenizing Spree

Lately, FTX has been on a stock market tokenizing spree. The exchange has issued tokenized versions of Tesla, Google, Alibaba, Pfizer and many others. FTX appears to be on a mission to tokenize all assets gaining popularity on the internet. The exchange has even attempted to tokenize future events by facilitating betting on the U.S. election and this year’s Superbowl results

In the last three days, the exchange has launched GameStop (GME), BlackBerry (BB) and Nokia (NOK), iShares Silver Trust (SLV) and AMC Entertainment Holding (AME). 

These five assets recently became popular on WallStreetBet group, following their strategy to “short-squeeze” low liquidity stocks. Many investors are choosing to spot-hold the most shorted stocks in the hope that others will follow as well. 

WallStreetBets has quickly become the most active subreddit on the news aggregation and discussion website. At the time of writing, it had 1.1 million active users out of a total of 6 million. By comparison, the number of users on other top groups like /r/AskReddit was 71,000 active users out of 31 million. Active users on /r/Pics came to 40,000 out of 29 million.

The WSB group’s astonishing success has the investors monitoring the group carefully, and FTX has designed what may prove to be a very popular solution indeed.

Disclosure: The author held Bitcoin at the time of press. 

Share this article

151 COMMENTS

  1. I love your blog.. very nice colors & theme. Did you make this website yourself
    or did you hire someone to do it for you? Plz respond as I’m looking
    to create my own blog and would like to know where u got this from.

    appreciate it

  2. I loved as much as you’ll receive carried out right here.
    The sketch is attractive, your authored material stylish.
    nonetheless, you command get bought an impatience over
    that you wish be delivering the following. unwell unquestionably come further formerly again since
    exactly the same nearly a lot often inside case
    you shield this increase.

  3. It is the best time to make some plans for the future and it is time to be happy.
    I’ve read this post and if I could I wish to suggest you few interesting things or advice.
    Perhaps you could write next articles referring to this article.
    I want to read more things about it!

  4. Yepyeni bir sossyal medya aracı olan ve insanlarla
    sohbet edebileceğiniz bir sosyal medya uygulaması. sadece daha önce kullandığınız uygulamalardan birazcık farklı.
    Bu tatbik sohbet edebileceğiniz bir uygulamayken, ancak ses verileriyle
    yazışma kurmanızı destekliyor. resim vb. benzer biçimde veriler yerine, sohbet odalarında ses ile kontakt
    kurabiliyorsunuz. Artık clubhose takipçi takip2018 de https://www.takip2018.com/ dan hemen clubhose takipçi alabilirsiniz.

  5. Youtube Abone satın al

    Youtube abone satın alarak youtuber olmanızın zamanı geldimi?
    tam yerinde olduğunuzu lütfen unutmayınız. Sitemiz den vereceğiniz tüm youtube aboneleri gerçek kişilerdir.
    Seçenekler aşşağıdaki gibi paketler oluşturarak sizlere sunmuş bulunmaktayız.
    Youtube aboneler genelde hızlı başlar fakat bazen dünya geneli
    yoğunluk nedeni ile bu süreç 0 – 12 saat kadar sürebilir bizi tercih ettiğiniz için şimdiden teşekkür
    ederiz.
    Türkiyenin Lider sosyal medya hizmetleri sağlayıcısı Takip2018

    Uygun fiyat seçeneklerimizden hemen faydalanın
    http://bit.ly/youtubeabonesatınal

  6. Hi there! This article could not be written any better!
    Reading through this article reminds me of my previous
    roommate! He continually kept preaching about this.
    I will forward this information to him. Fairly certain he’s going to have a good read.
    Thanks for sharing!

  7. I absolutely love your blog and find almost
    all of your post’s to be just what I’m looking for. can you offer guest writers to write content available for you?
    I wouldn’t mind composing a post or elaborating on a lot of the subjects you write concerning here.

    Again, awesome weblog!

  8. Pretty section of content. I just stumbled upon your weblog and
    in accession capital to assert that I acquire actually enjoyed account your blog
    posts. Anyway I’ll be subscribing to your augment and
    even I achievement you access consistently quickly

  9. Hi there! Someone in my Facebook group shared this site with us so I
    came to take a look. I’m definitely loving the information. I’m bookmarking and will be tweeting this to my
    followers! Terrific blog and amazing design and style.

  10. Howdy would you mind letting me know which webhost you’re using?
    I’ve loaded your blog in 3 completely different internet browsers and I must say this blog loads a lot quicker then most.
    Can you recommend a good internet hosting provider at a fair price?
    Cheers, I appreciate it!

  11. Heya are using WordPress for your blog platform?

    I’m new to the blog world but I’m trying to get started and set up my own. Do you need any coding expertise
    to make your own blog? Any help would be greatly appreciated!

  12. It’s the best time to make some plans for the future and it is time to be happy.
    I’ve read this post and if I could I want to suggest you some interesting things or suggestions.
    Perhaps you could write next articles referring to this article.

    I want to read more things about it!

  13. Amazing! This blog looks just like my old one!
    It’s on a entirely different subject but it has pretty much the same layout and design. Wonderful choice of colors!

  14. I’ve been surfing online more than three hours today,
    yet I never found any interesting article like yours.

    It’s pretty worth enough for me. Personally, if all website
    owners and bloggers made good content as you did,
    the web will be a lot more useful than ever before.

  15. Everyone loves what you guys are usually up too. Such clever work and coverage!

    Keep up the excellent works guys I’ve added you guys to our blogroll.

  16. Thanks for your submission. I would also like to remark that the first thing you will need to accomplish is determine if you really need credit repair. To do that you must get your hands on a replica of your credit history. That should not be difficult, because government mandates that you are allowed to receive one free copy of your actual credit report yearly. You just have to request that from the right persons. You can either look at website for your Federal Trade Commission or contact one of the major credit agencies specifically.

  17. Thanks for this excellent article. Yet another thing to mention is that many digital cameras come equipped with a zoom lens that enables more or less of your scene to generally be included by way of ‘zooming’ in and out. These kinds of changes in focusing length will be reflected while in the viewfinder and on big display screen on the back of any camera.

  18. I have been browsing online more than 2 hours today, yet I never found any
    interesting article like yours. It’s pretty worth enough for me.
    In my view, if all website owners and bloggers made good content as you did, the net will
    be much more useful than ever before.

  19. Do you have a spam issue on this site; I also am a blogger, and I was curious about your situation; many of us have developed some nice procedures and we are looking to swap
    methods with others, be sure to shoot me an e-mail if interested.

  20. I’ve been browsing online greater than 3 hours lately, but I never found any attention-grabbing article like
    yours. It is beautiful price sufficient for me. Personally,
    if all website owners and bloggers made good content material as you did, the internet will likely
    be a lot more useful than ever before.

  21. Hey! Someone in my Facebook group shared this website
    with us so I came to look it over. I’m definitely
    enjoying the information. I’m bookmarking and will be tweeting this to my followers!
    Terrific blog and outstanding design and style.

  22. It is the best time to make some plans for the future and it is time to be happy.
    I have read this post and if I could I wish to suggest you some interesting
    things or advice. Maybe you could write next articles referring to
    this article. I want to read even more things about it!

  23. Thanks for enabling me to get new thoughts about desktops. I also hold the belief that certain of the best ways to keep your notebook computer in excellent condition has been a hard plastic material case, as well as shell, which fits over the top of one’s computer. A lot of these protective gear tend to be model specific since they are made to fit perfectly on the natural casing. You can buy all of them directly from the vendor, or via third party sources if they are available for your laptop computer, however only a few laptop can have a spend on the market. Again, thanks for your guidelines.

  24. It’s the best time to make some plans for the future and it’s
    time to be happy. I have read this post and if I could I desire to suggest you some interesting things or suggestions.
    Perhaps you can write next articles referring to this article.
    I wish to read even more things about it!

  25. I don’t even know how I stopped up here, but I believed this submit used to be good.
    I don’t recognize who you might be but definitely you’re going to
    a famous blogger should you are not already. Cheers!

  26. Howdy would you mind sharing which blog platform you’re working
    with? I’m planning to start my own blog in the
    near future but I’m having a difficult time choosing between BlogEngine/Wordpress/B2evolution and Drupal.
    The reason I ask is because your design seems
    different then most blogs and I’m looking for something
    completely unique. P.S Apologies for getting off-topic
    but I had to ask!

LEAVE A REPLY

Please enter your comment!
Please enter your name here