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Sujit Kumar
Aug 20, 2024
by Sujit Kumar

Brian Armstrong Weighs In on "Deadlift ETF" Twitter Chat

Brian Armstrong Weighs In on "Deadlift ETF"
Coinbase CEO Brian Armstrong, known for his commitment to personal fitness, recently engaged in a lively Twitter discussion about a unique and humorous concept called the "Deadlift ETF." This exchange-traded fund (ETF), proposed by X user @levelsio, is composed exclusively of companies led by CEOs who lift weights or participate in combat sports—no cardio-only routines allowed. Surprisingly, this ETF has reportedly outperformed the S&P 500 by an impressive 140% over the past four years.

Armstrong’s Fitness Commitment Draws Attention

Armstrong, who works out six days a week, joined the conversation with a tweet highlighting his fitness routine. @levelsio responded by acknowledging Armstrong’s dedication, noting that he considered including Coinbase in the ETF due to Armstrong’s "jacked" appearance. This playful interaction highlighted the quirky nature of the ETF, which humorously suggests a link between a CEO's physical fitness and their company's stock performance.

Market Performance Beyond the Gym

While it's amusing to consider that a CEO’s workout routine might influence stock performance, the success of this ETF is likely due to factors beyond just a CEO’s physical prowess. Since its direct listing, Coinbase's stock has experienced significant volatility, closely tied to the unpredictable nature of the cryptocurrency market. Despite strong moments, the stock continues to navigate the challenges of a fluctuating market environment.

Ultimately, while the "Deadlift ETF" offers a fun and light-hearted take on stock performance, it's important to remember that market trends and industry dynamics play a far more significant role in determining a company's success. Nonetheless, the concept serves as a reminder of the importance of balancing work with personal well-being—a sentiment that resonates in both the financial and fitness communities.

Reference Article:

Disclaimer: The views and opinions expressed in this article are for informational purposes only and do not constitute financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
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Brian Armstrong Weighs In on "Deadlift ETF" Twitter Chat
Sujit Kumar
Sujit received his Bachelors in Science from the LNMU Darbhanga. He is currently working as a Content Strategist. He has more than three years of professional experience in information systems, security policies, technologies, and Cryptocurrency. He has published 6 books in the area of information security and assurance. He has published more than 50 research articles in leading journals Regarding the Latest and Breaking Crypto News and updates. His research interests include access control, computer forensics, Digital Marketing, Web development, business hacks, player experience, and virtual storytelling.

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