The iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) experienced upward movement as market conditions highlighted potential risks despite record highs in major stock indices and Bitcoin's surge past $100,000. The CBOE Volatility Index (VIX), a key measure of market volatility, saw a slight increase of 0.67%, indicating a cautious sentiment among investors. This uptick in the VIX comes amid concerns over slowing payroll growth and mixed signals from the Federal Reserve regarding rate cuts, which have contributed to a sense of unease despite the bullish market environment. The divergence between the VIX and the record-breaking performance of stocks and Bitcoin suggests that investors are hedging against potential market corrections.
The VXX closed at $42.42, marking a 0.21% increase from the previous close.