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REX IncomeMax ETF Taps Volatile Crypto Firms to Turn Price Swings Into Weekly Income

REX Shares has launched the REX IncomeMax Option Strategy ETF, aimed at generating weekly income by capitalizing on volatility among U.S. stocks, particularly in the crypto sector. This ETF plans to employ a hedge-fund style strategy focused on managing a diverse portfolio, including firms like Core Scientific, Gemini, and Figure. Trading under the ticker symbol 'ULTI', the ETF utilizes a combination of put and call options while mitigating risks associated with market fluctuations. Although it has not yet made its first distribution, the product's value composition will change weekly, suggesting variable exposure to the crypto market. Greg King, CEO of REX, emphasized the ETF's focus on income generation rather than a specific sector, highlighting the emerging nature of the crypto field. This new offering represents REX's ongoing commitment to creating innovative products linked to the cryptocurrency market.

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Bitcoin Miner TeraWulf Shares Drop in After Hours Trading, Despite 87% Revenue Gain

Bitcoin miner TeraWulf reported $50.6 million in revenue for the recent quarter, marking an impressive 87% increase year-over-year, attributed to the rising price of Bitcoin and enhanced mining capacity. However, despite this growth, the company's stock fell 2.5% in after-hours trading, although it had previously closed

Bitcoin Miner TeraWulf Shares Drop in After Hours Trading, Despite 87% Revenue Gain

TeraWulf, a Bitcoin mining company based in Maryland, reported a significant revenue increase of 87%, reaching $50.6 million compared to the previous year. This growth was aided by Bitcoin's rising price and an expanded mining capacity. CEO Paul Prager highlighted a growing partnership with Fluidstack and Google,

Bitcoin Miner TeraWulf Shares Drop in After Hours Trading, Despite 87% Revenue Gain

Bitcoin miner TeraWulf reported a significant 87% revenue increase, totaling $50.6 million compared to the previous year, thanks to rising Bitcoin prices and expanded mining capabilities. CEO Paul Prager emphasized the company's strengthening partnership with Fluidstack and Google, as well as a focus on ongoing growth strategies.

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