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A new leveraged MicroStrategy ETF is firing on all cylinders as its assets jump and its stock soars to a record high. The T-REX 2X Long MSTR Daily Target ETF has added over $82 million in assets just a week after its launch. According to Eric Balchunas, Bloomberg’s head of ETFs, these inflows place it in the top twenty of all 515 funds launched this year. The fund, whose ticker is MSTU, has outperformed the Defiance Daily Target 1.75X Long MSTR ETF, which launched in August. 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 MSTU’s stock surged to a record high of $44 on Friday, Sept. 27, 81% higher than its opening price, making it one of Wall Street’s best-performing assets. It has also outperformed MicroStrategy stock, which has risen by 35% over the same period. MSTU vs MSTX ETF charts | Source: TradingView MSTU is a leveraged ETF that aims to achieve 200% of the daily performance of MicroStrategy stock. For example, MicroStrategy shares rose by 6.6% on Friday, while the MSTU fund jumped by 13%. Historically, leveraged funds perform well when their underlying asset is in an uptrend and vice versa. For instance, the ProShares UltraPro ETF, a leveraged fund that tracks the Nasdaq 100 index, has risen by 373% over the last five years, while the ProShares UltraPro Short QQQ has dropped by 98.8% in the same period. Both MSTU and MSTX funds have benefited from MicroStrategy’s rebound amid the ongoing Bitcoin bull…

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Filed under: News - @ September 27, 2024 6:25 pm