Inverse ETF Wins as Crypto Giants Slip

When Coinbase, Nebius, and IREN all fell sharply last week, traders who had bet against them made big money.

• Coinbase dropped more than 15 percent
• Nebius slipped about 13 percent
• IREN fell around 16 percent

These falls did not hurt everyone; they helped inverse ETFs that move opposite to their target stocks climb by 10‑14 percent on Friday alone.

Inverse ETFs are designed to turn a stock’s decline into profit. They reset every day, so their gains can add up quickly when a share’s price drops. Over the past five days, the inverse ETFs tracking these names jumped:

What Pushed the Stocks Down?

• Coinbase: Traders worried about shrinking crypto trading volumes and a miss on earnings.
• Nebius: Concerns over borrowing billions to build AI data centres, raising doubts about debt and execution.
• IREN: Doubts over its shift from Bitcoin mining to AI infrastructure amid general crypto volatility.

Inverse ETFs: Short‑Term Play, Not a Long‑Term Strategy

• Daily reset can create compounding effects that hurt if held too long.
• Best used to capture quick moves when a stock is already under pressure.

In short, the sharp fall of high‑beta stocks on March 27 gave inverse ETF traders a perfect chance to profit from market pessimism in just a few days.