Traders Get Adventurous With Leveraged Biotech ETFs


Crypto Whales Are Loading Up — Are You?

New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.


After a third-quarter swoon that saw the iShares Nasdaq Biotechnology ETF (NASDAQ: IBB) and the SPDR S&P Biotech ETF (NYSE: XBI), two of the largest biotech exchange traded funds by assets, tumble 18.1 percent and 24.4 percent, respectively, traders have displayed caution regarding biotech ETFs in the fourth quarter.

 

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Biotech stocks and ETFs have been plagued by political grandstanding and the almost always present valuation concerns with both scenarios combining for significant headwinds for the sector.

 

 


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Crypto Whales Are Loading Up — Are You?

New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.


Posted In: BiotechLong IdeasNewsSector ETFsShort IdeasSpecialty ETFsIntraday UpdateMarketsTrading IdeasETFs