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Coinbase CEO Brian Armstrong is known for his commitment to personal fitness and has been engaging in a Twitter chat about a “Deadlift ETF” that has been generating buzz on social media. It’s an ETF created by X-user @levelsio that only includes companies whose CEOs lift weights or practice martial arts – no cardio training allowed. Believe it or not, the ETF has reportedly outperformed the S&P 500 by 140% over the past four years.
Armstrong, who trains six days a week, was battling hard in the gym and chimed in. To which @levelsio responded: “Man I actually thought of you because you looked muscular but I couldn’t confirm you lifted weights.” Just like Coinbase, Armstrong’s company could be included in this peculiar ETF.
While it’s amusing that a CEO’s workout program could boost a stock’s performance, the success of this ETF is probably not just a result of a CEO being “pumped up” and his stock rising in the market. That’s more a coincidence than anything else.
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Since its IPO, the stock has been up and down and has definitely felt the shocks that come with being connected to the crypto market. Despite some strong moments, Coinbase stock is still trying to find its balance in a rather unpredictable environment. The outcome largely depends on the performance of the cryptocurrency market, as its profitability is directly related to the popularity of the industry and the level of inflows into it.
Remember, stock performance is more about market trends than how much the CEO can bench press. While the Deadlift ETF is a fun and humorous idea, it’s sure to get a laugh and, for those who work in or follow the financial industry, it might even provide a little motivation to hit the gym.
