According to @EricBalchunas, if the MEME ETF had not been closed, it would be up roughly 50% year to date and likely seeing inflows, which he says is why the fund is being revived (source: @EricBalchunas). He adds that about a quarter of 2025 ETF launches include leverage, the highest share since 2010, which he views as a possible sign the market is overheated (source: @EricBalchunas). For trading, his observations highlight heightened risk appetite around leveraged and meme-themed exposures that can affect liquidity and momentum dynamics if MEME relists and inflows materialize (source: @EricBalchunas).