Fundrise Innovation Fund（代码：VCX）今日夜盘股价大跌5.41%，引起了市场的广泛关注。
消息面上，知名做空机构Citron Research此前发布报告并致函美国证券交易委员会（SEC），指出该基金资产净值（NAV）约为19美元，而股价曾一度飙升至575美元，存在严重溢价与脱锚风险。报告同时质疑Fundrise可能涉及不合规的市场推广行为，这引发了监管关注与投资者的抛售担忧。
分析认为，VCX的极端溢价源于其持有的Anthropic、OpenAI等顶级AI公司未上市股权，但流通筹码极度稀缺、AI叙事热度以及散户与机构间的准入不对等，共同推高了价格。随着市场对这类Pre-IPO资产结构性缺陷的认识加深，其高溢价难以持续，股价面临巨大的回调压力。
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.