Late last week, a psychedelic and cannabis Exchange-Traded Fund (ETF) launched on the New York Stock Exchange going by the name ‘Defiance Next Gen Altered Experience ETF’. This one of a kind ETF gives investors the opportunity to get exposure to a bag containing a combination of psychedelics and cannabis stocks.
This comes as the latest ETF product from Defiance. This ETF will be trading under the ticker symbol ‘PSY’ on NYSE Arca. This platform goes down as the biggest ETF exchange platform across the world.
This ETF was also launched on the Canadian NEO Exchange in the beginning of the year however the NYSE debut will give United States based investors opportunity to access the ETF conveniently.
At its launch, the ETF included 21 companies among them notable psychedelics companies like Cybin Inc. (OTCMKTS: CLXFP), MindMed Inc. (MNMD), Numinous Wellness Inc. (CVE: NUMI) and COMPASS Pathways PLC. (CMPS)