Search results for 10X Research
Crypto
10X Research warns BlackRock\'s new Bitcoin ETF could be a \'yield trap\'
BlackRock has launched the iShares Bitcoin Premium Income ETF, combining Bitcoin exposure with option premium income, but its payout structure is drawing criticism. The fund uses an overwrite strategy, selling call options on about 25 to 35 percent of the portfolio each month. 10X Research said the mechanical monthly call selling could limit gains in strong rallies and may reduce expected returns. The product also could affect Bitcoin options market volatility, analysts said.
Crypto
U.S. inflation above 4 percent adds downside pressure on bitcoin and gold
U.S. consumer price inflation rose above 4 percent in May, raising the prospect that bitcoin and gold could face more pressure this year, a report said. The 4.2 percent annual gain weakened expectations for Federal Reserve rate cuts and prompted some to discuss the possibility of a rate hike within the year. Analysts cited real rates and limited liquidity as key factors, while CME futures implied a 98.4 percent chance rates stay unchanged at the June 17 FOMC meeting.
Crypto
Bitcoin shows rebound signals as altcoin momentum stalls
Bitcoin is flashing a series of bullish on-chain signals as it trades above $81,000, with short-term holder loss pressure falling to zero and other cycle indicators turning positive. Analysts also cited sustained profit-taking without a sharp price drop. Some measures suggest altcoin trading interest is improving, but 10x Research said momentum has stalled near the 30-day moving average and volumes are declining again.
