The Volatility Shares 2x Ether ETF (ETHU) fell about 23% on June 5, driven by a strong May jobs report that pushed 2-year Treasury yields to a 16-month high, increasing the opportunity cost for speculative assets like Ethereum. ETHU's structure, which delivers twice the daily return of ether through futures with daily rebalancing, amplified losses, resulting in a 78% drop year-to-date compared to ether's 46%. The upcoming SpaceX IPO, expected to raise around $75 billion with significant retail demand, may further divert speculative retail investment away from crypto products like ETHU. Key factors to watch include Treasury yields, retail flow post-IPO, and any Ethereum protocol updates, but current conditions suggest continued pressure on leveraged crypto ETFs.
This week, investors focus on key events including the May Consumer Price Index report, Apple's Worldwide Developers Conference, and the highly anticipated SpaceX IPO. Inflation data will influence Federal Reserve policy outlook amid strong jobs numb...
Oracle is expected to report strong FQ4 results driven by accelerating AI cloud growth and significant cost reductions, including up to 18% workforce cuts. The company’s Cloud Services aim for 46–50% year-over-year growth, with a robust backlog of $5...
Fidelity is steering away from bonds issued by major tech companies like Amazon, Alphabet, Meta, Microsoft, and Oracle, which are raising hundreds of billions to fund AI infrastructure. Despite strong credit ratings, these bonds offer minimal yield p...
Jim Cramer warned that rising interest rates, high oil prices, and a surge of AI-related stock offerings, including the upcoming SpaceX IPO, could continue to pressure the stock market. He noted that investors might struggle to push markets higher as...
The Nasdaq dropped 4.1% on Friday, wiping out nearly a month of gains amid a tech stock selloff that also dragged the S&P 500 down 2.6%, ending its nine-week winning streak. Major tech companies like Intel, Oracle, and Nvidia saw significant declines...
