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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, which aims to capitalize on the volatility of U.S. market stocks, particularly those in the cryptocurrency sector. This new ETF seeks to generate weekly income through options premium income, utilizing a hedge-fund style strategy. Currently, it holds investments in firms such as Core Scientific, Gemini, and Figure, with a total equity value of $230,000. The ETF, identified by the ticker ‘ULTI’, employs a mix of put and call options to manage volatility and provide downside protection against market fluctuations. This actively managed ETF dynamically adjusts its holdings weekly and, at times, may not hold any positions in crypto firms. CEO Greg King describes this income-focused strategy, which aims to be a significant new offering in the market, while pointing out its distinction from previous products focused solely on cryptocurrency activities. As the market for crypto-focused investment vehicles evolves, REX seeks to stay ahead by offering unique options-based income strategies.

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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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