How Leveraged MicroStrategy ETFs Are Powering The Bitcoin Surge
Posted On December 5, 2024
MicroStrategy Inc‘s (NASDAQ:MSTR) leveraged ETFs have amplified the company’s role as a de facto Bitcoin (CRYPTO: BTC) proxy.
According to JPMorgan analyst Nikolaos Panigirtzoglou, these ETFs — Defiance Daily Target 2x Long MSTR ETF (NASDAQ:MSTX) and the T-Rex 2X Long MSTR Daily Target ETF (BATS:MSTU) — have fueled record inflows and significantly impacted MicroStrategy’s stock volatility and valuation.
Leveraged ETFs tied to MicroStrategy stock accounted for $3.4 billion of November’s $11 billion inflows into crypto markets, Panigirtzoglou notes.
These ETFs, designed to offer amplified exposure to Bitcoin through MicroStrategy’s stock, are …
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