Digital Marketplace Toll Collectors

Own platforms whose core business matches buyers with sellers and monetizes the resulting transactions or advertising activity, rather than owning inventory or producing the underlying goods. This basket spans travel, mobility, commerce, advertising and financial trading, distinguishing it from a retail-only or payments-network portfolio. Recent pullbacks across several constituents offer an entry point, although transaction activity and competitive pressure remain the central risks. Launch basket (equal weight): BKNG, UBER, MELI, APP, HOOD, COIN Rules: 1. No inverse, leveraged or volatility ETFs. 2. Only names tradable at the enrolled brokers (Moomoo): no OTC listings, no dead tickers, nothing on the refused list.