YieldMax Crypto Industry & Tech Portfolio Option Income ETF (LFGY) aims to generate income by writing call spreads on crypto-related equities. LFGY's structure has significantly underperformed its underlying holdings, returning only +13% YTD versus a 50%+ return from the portfolio's largest stocks. The ETF's approach fails to effectively convert capital gains into dividends and exposes investors to full downside risk during market downturns.
Bitcoin's rebound fuels optimism, with PYPL, HOOD, IBKR and V spotlighted as crypto-linked growth plays.
An interesting trend — one seen on various occasions with gold — is at play this month in the cryptocurrency space: Shares of bitcoin miners are outperforming the largest digital currency to the upside. Just look at the CoinShares Valkyrie Bitcoin Miners ETF (WGMI).
With billions in new, long-term deals from tech giants like OpenAI and Meta, CoreWeave has validated its strategy of being an optimized, dedicated player in a market hungry for compute power.
Shares in the cryptocurrency brokerage Gemini Space Station (NASDAQ: GEMI) have experienced a tumultuous beginning after their much-anticipated debut on Friday, September 12. The exchange set its IPO price at $28 per share, generating hundreds of millions of dollars while doing so.
Before spot bitcoin ETFs launched (and even before futures bitcoin ETFs), crypto equity ETFs helped build early appetite for crypto. They were the first real taste of bitcoin that investors could get in their traditional brokerage accounts.
Beeline Holdings is a digital-native mortgage fintech leveraging AI and proprietary software to streamline loan origination, title, and SaaS services for faster, cost-effective transactions. The upcoming BeelineEQUITY product enables homeowners to unlock equity by selling fractional home ownership via asset-backed crypto tokens, potentially disrupting the home equity market. Insider alignment is strong, with the CEO investing $16M of personal funds and consistently buying shares, signaling high confidence in Beeline's future.
Five crypto-centric stocks, namely, HOOD, IBKR, NVDA, CIFR and RIOT gain spotlight as Fed rate cut hopes rise.
Sweden-listed cryptocurrency asset manager CoinShares is preparing to go public in the U.S. The company announced Monday (Sept. 8) that it had entered into a special purpose acquisition company (SPAC) agreement that will see CoinShares list on the Nasdaq, valuing it at $1.2 billion.
A host of investment banks release their first research notes on the crypto company after its initial public offering last month.
Cryptocurrencies appear to be moving more in tandem with gold than stocks right now.
Bitcoin is succumbing to some profit-taking and speculation regarding the Federal Reserve's outlook for September interest rate cuts. But shares of cryptocurrency miners have been somewhat resilient relative to their histories of tumbling when bitcoin retreats.