MicroStrategy 2X Leveraged ETF Sees Massive Inflows In First Week Of Trading As MSTR Outperforms Bitcoin
Summary
The T-REX 2X Long MSTR Daily Target ETF (MSTU) has attracted over $72 million within a week of its launch, making it one of the most successful new ETFs. Issued by REX Shares and Tuttle Capital Management, it offers twice the daily performance of MicroStrategy (MSTR) stock. Another fund, the Defiance Daily Target 1.75X Long MicroStrategy ETF (MSTX), has gathered approximately $857 million since its launch on August 15. Both funds provide significant liquidity. MicroStrategy shares, highly correlated with bitcoin due to its holdings, have risen despite bitcoin's stable price, indicating MicroStrategy's leadership in the current market rally.
