Many expected atai’s IPO to lift the entire psychedelics market, but this has failed to materialize thus far. Rather, the sector is lagging, according to a number of metrics: PsyIndex’s Psychedelics Index closed at $134.6 last Friday. Today, it’s sitting at $125.8, down 6.8% Horizons’ Psychedelics ETF, PSYK, was trading at $8.38 last Friday, and closed at precisely the same price today: no change.
