Bitcoin exposure is bending the ETF web. YieldMax's latest ULTY/SLTY update shows a clear shakeout: a $40.2M outflow and a trim of COIN while mining names like MARA pop on the back of rebalanced bets [1].
ETF Moves & Bitcoin Proxy - YieldMax updates reveal how shifting bitcoin exposure ripples through crypto names and mining plays. The report notes COIN trimming alongside moves into mining bets like MARA [1]. - Underlying performance shows COIN among the winners (+6.8%) as MARA climbs (+15.7%), signaling how ETF rebalancing can tilt crypto-linked valuations [1].
Winners & Losers in Focus - Winners: HOOD (+12.3%), PONY (+7.3%), COIN (+6.8%) [1]. - Biggest Losers (underlying performance): UPST (+?); OPEN; QUBT (various declines) [1]. - Top reduced shares (position changes): UPST, PLTR, COIN led the trims [1].
Takeaway: bitcoin exposure isn’t siloed to crypto prices—it travels through ETFs into mining stocks and Coinbase, highlighting a cross‑asset dynamic that traders are watching as rebalances roll forward [1].
Closing thought: expect more cross‑asset moves as ETF exposure shifts alongside bitcoin price dynamics. Watch MARA and COIN for quick read-throughs on the bitcoin narrative.
Referenced POST IDs: [1]
References
ULTY/SLTY Update (9/29): $40.2M outflow, trimming UPST/PLTR/COIN, scaling MP/BMNR
ETFs update notes MARA as an underlying mover among crypto-related stocks; discussions touch on bitcoin exposure and mining company equities
View source