Bitwise has upgraded the Bitwise MSTR Option Income Strategy ETF (IMST) to a Buy rating due to its improved option income strategy that offers stronger downside protection in weak MSTR market conditions. Meanwhile, the Yieldmax MSTR Option Income Strategy ETF (MSTY) was downgraded to Hold because it now focuses more on income with a nearly fully overwritten payoff but carries ongoing risks of net asset value (NAV) erosion. A new alternative, the YieldMax MSTR Performance & Distribution Tg 25 ETF (MSST), is highlighted for balancing upside potential with sustainable yields and less NAV erosion compared to MSTY. These option-based ETFs cater to different investor views on MSTR, with IMST suited for rangebound or weak markets and MSST for bullish investors seeking stable income and controlled upside.
Shares of Strategy Inc. rose 7.5% following a surge in Bitcoin after the US and Iran announced a peace deal to end hostilities and reopen the Strait of Hormuz. This agreement boosted global risk appetite, lifting equities and lowering oil prices, whi...
The leveraged ETFs MSTX and MSTU, which aim to deliver twice the daily move of MicroStrategy (MSTR) stock, have suffered severe losses, dropping about 95% over the past year compared to MSTR's 67% decline. These ETFs use daily reset mechanics and syn...
SpaceX's $2 trillion IPO has highlighted the growing role of blockchain-based exchanges like Hyperliquid and Binance, which offered perpetual futures on SpaceX shares before the IPO. These futures, which have no expiration date, allowed traders early...
SpaceX completed its $75 billion IPO on June 12, revealing it holds 18,712 Bitcoin worth about $1.19 billion. The company acquired these Bitcoins in early 2021 when prices were below $40,000 and has since trimmed its holdings. SpaceX ranks 8th among ...
In 2026, spot Bitcoin ETFs have struggled as Bitcoin's price fell over 29%, passing losses directly to investors. In contrast, the Amplify Transformational Data Sharing ETF (BLOK), which invests in blockchain and crypto-related companies rather than ...
