The highly anticipated SpaceX public listing has already created massive excitement across financial markets. Investors have waited years for a chance to gain direct exposure to one of the world’s most valuable private companies. Now ProShares enters the spotlight with a new investment product designed to ride that momentum from day one of trading. ProShares
The crypto market faced renewed pressure in May as rising geopolitical risks and weaker investor risk appetite weighed on digital assets, according to Gate Private Wealth Management’s report. While major cryptocurrencies declined during the month, quantitative investment products moved in the opposite direction, with most strategies posting positive returns and limiting losses despite market volatility.
CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index. The CoinDesk 20 is currently trading at 1663.81, down 1.4% (-24.03) since 4 p.m. ET on Tuesday. All of the 20 assets are trading lower. Leaders: CRO (-0.1%) and AAVE (-0.5%). Laggards: NEAR (-4.3%) and BCH
Robinhood Securities says it has secured approval to act as an IPO underwriter, moving from a distribution role into the main underwriting group alongside Wall Street banks. Chief executive Vlad Tenev said in a Tuesday X post that Robinhood Securities is “now approved to serve as an underwriter,” without specifying which regulator granted the approval,
US-based equipment finance platform Trad.Fi announced plans to bring up to $650 million in private credit onchain over the next 48 months. The initiative targets one of the largest and least digitized credit markets in the US, the trillion-dollar industry funding manufacturing equipment, industrial systems and residential solar installations, according to an announcement shared with
Cryptocurrency market outflows reflect a sentiment shock, as geopolitics, rate expectations and capital rotation into artificial intelligence weigh on digital assets, according to James Butterfill, head of research at CoinShares. In a statement sent to Cointelegraph, Butterfill said that sentiment in crypto markets has “soured drastically” after billions of dollars flowed out of digital asset
Bitcoin (BTC) and altcoins have experienced sharp declines in recent days. This decline is attributed to increased tensions related to the US-Iran conflict, rising energy costs associated with the conflict, and increasing inflation concerns. Analysts are concerned that inflation, which the Fed has long been trying to bring down to its 2 percent target, will
A widely-tracked 5x-leverage perpetual on Hyperliquid tied to SpaceX’s impending IPO, expected to be the largest in history, has declined for three consecutive weeks. The product, tickered as SPCX, traded near $157 on Wednesday, down about 27% from its mid-May launch price of around $216, after briefly touching $230. That does not mean traders are
Bitcoin spot exchange-traded funds (ETFs) have fallen out of investor favor and how. Total dollar value of net assets across the 11 spot ETFs stood at $77.58 billion on June 9. That’s the same level seen just after President Donald Trump won the presidential election in early November 2024. This is not to say the