The sharp decline in some of the stocks in the AI and crypto space last week proved to be a boon for inverse ETF traders, who saw their positions pay off handsomely in a volatile market.
The past week saw shares of Coinbase Global Inc (NASDAQ:COIN), Nebius Group (NASDAQ:NBIS), and IREN Limited (NASDAQ:IREN) decline significantly, due to a combination of factors such as missed earnings, concerns overt high capital spending, and macroeconomic instability.
Coinbase fell more than 15%, Nebius was down around 13%, and IREN slid around 16% last week. While the AI names were struggling, inverse ETFs on those rallied significantly, delivering some juicy returns for inverse ETF traders.
Inverse ETFs Turn Volatility Into Opportunity
Inverse ETFs on those stocks rallied by 10-14% …
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