The rise of ProShares Bitcoin Strategy ETF in the past year despite lacking direct exposure to Bitcoin indicates a huge demand for spot BTC ETF. ProShares, an established issuer of exchange-traded funds (ETF) with over $65 billion in assets under management, has recorded notable growth in its ProShares Bitcoin Strategy ETF (NYSEARCA: BITO) since its…
Dilok Klaisataporn By Eric Leininger At a glance Increasing debt issuance, quantitative tightening, and the Fed’s difficult balancing act on inflation led more interest rate traders to manage risks in 2023 The CME Group FedWatch Tool median market rate probability for December 2024 is 3.75% to 4%, and some of the market is expecting even…
SweetBunFactory Investment (Sell) Thesis The Direxion Daily Semiconductor Bull 3X Shares (NYSEARCA:SOXL) ETF offers a three-fold daily exposure to the ICE Semiconductor index, encapsulating 30 US-listed semiconductor companies, making it a tempting tool for those bullish on the short-term outlook of this sector​​. However, its inherent leverage, coupled with a semiconductor industry grappling with high…
The report by Matrixport revealed that the fifth Bitcoin bull market officially began on June 22, 2023, with further gains anticipated amid momentum gain. The fifth Bitcoin (BTC) bull run that is expected to go parabolic after next year’s halving event has attracted notable institutional investors. More investors fleeing the market uncertainties presented by ongoing…
baona Overview The US dollar is trading with a firmer bias against all the G10 currencies ahead of today’s August US CPI report. Even increased speculation that the ECB will hike rates tomorrow has failed to lift the euro, while a larger than expected contraction in the UK’s July GDP pushed the sterling briefly through…