The post New 3x MicroStrategy ETFs Launched in Europe, MSTR Stock Up 9% appeared on BitcoinEthereumNews.com.

Leverage Shares, a leading issuer of ETFs, has expanded its portfolio with the launch of two new leveraged and inverse MicroStrategy ETFs on the London Stock Exchange (LSE). This launch introduces the first-ever physically-backed 3x leveraged and -3x inverse ETPs tied to MSTR shares. Moreover, the MSTR stock soared nearly 9% after the announcement today. New 3x MicroStrategy ETFs in London The two new ETPs are Leverage Shares 3x Long MicroStrategy (MST3) and Leverage Shares -3x Short MicroStrategy (MSTS). These products allow investors to either amplify their exposure to MicroStrategy’s stock or profit from potential declines. MicroStrategy, a business intelligence software company, has become closely linked with Bitcoin investment, with much of its stock price movement driven by crypto market fluctuations. Hence, the ETPs are designed to provide a high-leverage option for traders who want to take advantage of this volatility. Oktay Kavrak, Director of Strategy and Communications at Leverage Shares, commented on the launch, saying: “With MicroStrategy becoming a de facto proxy for Bitcoin investing, our MSTR ETPs enable traders to leverage their cryptocurrency outlook efficiently. Whether to boost returns or protect against market swings, investors can now position themselves accordingly through a highly liquid and centrally cleared product.” The 3x leveraged MicroStrategy ETF allows traders to triple their exposure to the stock, amplifying both gains and losses. Whilst the -3x inverse ETP lets investors profit from declines in MicroStrategy stock price. Both products are physically-backed, meaning they hold the underlying asset, making them a unique offering on the market. These products track the performance of the Euronext 3x Long and -3x Short MicroStrategy indices. Analyst Remark and Market Reaction In response to the launch, Bloomberg Senior ETF analyst Eric Balchunas commented on X, “LeverageShares launching new 3x Microstrategy ETFs in Europe (who aren’t likely to appreciate the unbridled…

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Filed under: News - @ September 26, 2024 5:16 pm