The post T-Rex 2x MicroStrategy ETF Rakes in 72M, MSTR Stock Soars appeared on BitcoinEthereumNews.com.

In just one week since its launch, the T-REX 2X Long MicroStrategy ETF (MSTU) has attracted $72 million in assets under management (AUM). According to Bloomberg Senior ETF Analyst Eric Balchunas, this figure places MSTU in the top 20% of the 515 ETFs launched in 2024. Moreover, the MSTR stock surged significantly session today with Bitcoin (BTC) and the crypto market also rallying. MicroStrategy ETFs Show Remarkable Performance Balchunas shared on X (formerly Twitter), “This is wild, the 2x $MSTR ETF was launched a week ago and already has $72m in aum… Both have robust liquidity too. I didn’t think there was room for both (esp so quickly), it just shows how much ‘need for speed’ there is out there. I didn’t think there was room for both” The MSTU ETF is designed to offer leveraged exposure to the publicly traded common stock of MicroStrategy Inc. Specifically, the fund aims to deliver 200% of the daily performance of MSTR stock, making it a high-risk, high-reward option for traders looking to amplify their gains or losses. This is wild, the 2x $MSTR ETF was launched a week ago and already has $72m in aum (for context that puts in top 20% of the 515 ETFs launched this year) despite the 1.75x $MSTR ETF having head start and $357m (top 8% of new launches). Both have robust liquidity too. I didn’t… pic.twitter.com/t46B8UIBhm — Eric Balchunas (@EricBalchunas) September 27, 2024 As the fund uses leverage, it is subject to greater risks compared to non-leveraged ETFs, and its performance objective is reset daily. The rapid inflows into MSTU have occurred despite the presence of a similar product, the Defiance Daily Target 1.75X Long MicroStrategy ETF (MSTX). It has a longer track record and has accumulated $357 million in AUM. Balchunas stated, “The 1.75x $MSTR…

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Filed under: News - @ September 27, 2024 2:23 pm