The post Leverage Shares Launches 3x MicroStrategy ETFs in Europe appeared on BitcoinEthereumNews.com.

Leverage Shares introduced 3x MicroStrategy ETFs on the LSE, offering high volatility and exposure to MicroStrategy’s Bitcoin-driven stock. These new ETFs offer both long and short positions, allowing traders to leverage their outlook on MicroStrategy’s performance. MicroStrategy’s substantial Bitcoin holdings make its stock a popular choice for investors seeking leveraged exposure to crypto. Eric Balchunas, Bloomberg’s senior ETF analyst, highlighted on X (formerly Twitter) the latest move from Leverage Shares; the Exchange Traded Product (ETP) issuer introduced its new 3x MicroStrategy ETFs in Europe. LeverageShares launching new 3x Microstrategy ETFs in Europe (who aren’t likely to appreciate the unbridled adrenaline being packaged here like Americans do). These things will be around 18-20x the volatility of SPX. They will make 3x QQQ look like money mkt fund pic.twitter.com/DYM4x2O7l9 — Eric Balchunas (@EricBalchunas) September 26, 2024 These ETFs, launched on the London Stock Exchange (LSE), promise high volatility, offering around 18-20 times that of the S&P 500 index. Balchunas observed that while Americans might embrace these high-risk products, European investors may not react the same way. Leverage Shares’ New MSTR ETFs Offer 3x Leverage Leverage Shares unveiled both long and short versions of the MicroStrategy ETF, which provides three times the leverage. These products aim to track the performance of MSTR, the stock of MicroStrategy, a business intelligence and software company that has gained prominence due to its focus on Bitcoin. This marks the first-ever physically backed 3x leveraged ETP tied to MicroStrategy’s stock. However, other leveraged MicroStrategy ETFs exist, such as the 1.5x leverage product from August and the 1.75x leverage ETF (MSTX). Leverage Shares’ latest addition solidifies its growing presence, with 162 ETPs in total. Leverage Shares’ European Expansion Strategy The launch of the 3x MicroStrategy ETFs is part of Leverage Shares’ strategy to strengthen its position as one of…

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Filed under: News - @ September 27, 2024 7:19 am