Shares in the Fundrise Growth Tech Fund (VCX) are down over 6% in Thursday’s pre-market session, extending Wednesday’s 12.18% loss. This is even though manager Fundrise announced its participation in OpenAI’s latest record $122 billion funding round by “increasing its existing position in the company.”
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VCX Ramps Up Its OpenAI Bet
“OpenAI is an existing core holding in the VCX portfolio,” said Fundrise, noting that it first invested in OpenAI in 2023. Fundrise held a 9.9% stake in OpenAI as of February 12, 2026, according to its website — this is well below the closed-end fund’s 20.7% stake in rival Anthropic as of the same date.
VCX’s 18% pullback between Wednesday’s session and early Thursday unwinds much of the roughly 30% bounce logged from Tuesday into early Wednesday. The rebound came days after CEO Benjamin Miller addressed skeptics during an hour-long podcast interview following activist short-seller Citron Research’s March 26 attack on Fundrise.
Institutional Interest in VCX?
The latest plunge also comes despite VCX being one of 16 new options listings kicked off on Wednesday.
This listing introduces standardized options contracts on a regulated exchange, giving investors the right but not the obligation to buy or sell the shares. However, traders usually close their positions rather than exercise them.
Nonetheless, VCX’s addition to the options roster suggests the stock satisfies strict liquidity and price criteria for listed derivatives and is increasingly on institutional radar.
These updates are important, as Citron, in its short report, questioned the credibility of Fundrise, including a past investment promotion violation flagged by the U.S. Securities and Exchange Commission. In his response to skeptics, CEO Miller had said the company’s business model baffled some market watchers, with some thinking it operates as a special purpose vehicle.
Is VCX Stock a Buy?
TipRanks’ technical indicators continue to signal VCX as a Buy. This is based on five Bearish, four Neutral, and seven Bullish signals logged over the past seven days.
