VCX Is Trading at a 15x Premium… Here’s Why That’s a ProblemFundrise Innovation Fund, LLCBATS:VCXTopTraderMichaelVCX just launched — and it’s already generating massive hype. But when you actually break down the numbers, something doesn’t add up. At a recent price of around $315 per share, VCX is trading at a massive premium to its underlying net asset value (NAV) of roughly $20. That means investors are paying over 15x the actual value of the fund’s holdings. The ETF holds high-profile private companies like OpenAI, Anthropic, Databricks, and SpaceX, which is driving demand — but also distorting price. In this video, I break down: Why VCX’s structure allows it to trade far above intrinsic value The risks of investing in private market valuations How hype around AI is impacting pricing Why this may be more speculation than investment This isn’t about whether these companies are great which they probably are. It’s about whether you’re overpaying to own them. And right now… the numbers suggest you might be. Disclaimer: This is not financial advice. This content is for educational and informational purposes only. Always do your own research before making investment decisions.