"T-Rex's 2x Microstrategy ETF MSTU launched a mere six weeks ago and is already up 225% (annualized equivalent of 57,000%) and trades half a billion in volume (Top 1% among ETFs)," said Eric Blachunas, a senior Bloomberg ETF analyst. "It's so funny they've long had 3x MSTR ETFs in Europe but no one cares, no assets, volume. It's the market for that amount of heat, no degens."
MicroStrategy, together with executive chairman Michael Saylor, has been one of the key crypto narratives in 2024 as investors look to gain exposure to bitcoin (BTC) without investing directly into the digital asset.
The increase in MSTX’s leverage from 1.75x to 2x was a direct response to the impressive performance of MSTU, which has surged 235% in the same period.
MSTR has gained 87% during a period where both MSTX and MSTU ETFs have provided investors amplified returns, showcasing significant interest in leveraged exposure to MicroStrategy.
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