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SEC Approves Leveraged MicroStrategy ETF

MSTX seeks to deliver 175% of MSTR’s daily returns to investors by utilizing leverage.

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Crypto speculators will soon be able to turbocharge their exposure to MicroStrategy stock using convenient exchange traded funds (ETFs).

What’s the Scoop?

  • New ETF: The United States Securities and Exchange Commission (SEC) has approved the launch of Defiance ETFs’ MSTX, the first leveraged single-stock index offering exposure to MicroStrategy, a tech company turned BTC accumulation vehicle.
  • Expect Volatility: MSTX seeks to deliver 175% of MSTR’s daily returns to investors by utilizing leverage. This strategy will amplify the effect of stock price swings to both the upside and downside.

Bankless Take:

While investors already have access to leveraged BTC exposure through approved futures ETF products like BITX, the approval of MSTX provides a new way for traders to bet on MicroStrategy’s Bitcoin Bitcoin accumulation strategy with even greater intensity.

 


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Jack Inabinet

Written by Jack Inabinet

419 Articles • View all      

Jack Inabinet is a Senior Analyst with a passion for exploring the bleeding edge of crypto and finance. Prior to joining Bankless, Jack worked as an analyst at HAL Real Estate where he conducted market research and financial analysis for commercial apartment development and acquisition activities in the Seattle region. He graduated from the University of Washington’s Michael G. Foster School of Business.

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