Bitcoin Weakness Slams Strategy — These ETFs Took Double The Hit

Leveraged ETFs against Strategy Inc. (NASDAQ: MSTR) had a miserable five days when the company kept selling its own shares to fund the purchase of Bitcoin.

In the past five sessions, MSTR lost around 15%, and its leveraged ETFs plummeted as well:

  • Defiance Leveraged Long + Income MSTR ETF (NASDAQ: MST) plunged around 29% in five days.
  • Defiance Daily Target 2x Long MSTR ETF (NASDAQ: MSTX) also fell over 28%, reflecting almost 200% of the daily performance of Strategy.
  • Similar to MSTX, the T-Rex 2X Long MSTR Daily Target ETF (BATS: MSTU) dropped almost 30%.

The funds amplify Strategy’s daily movement …

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