Data: MicroStrategy leveraged ETF assets exceed 400 million dollars

2024-09-28 08:04:15

Collection

ChainCatcher news, according to Bloomberg Intelligence data, the leveraged MicroStrategy (MSTR) exchange-traded fund (ETF) has surpassed the $400 million mark in net assets this week, as retail investors continue to flock to this highly volatile Bitcoin ETF trading.

Asset management company Defiance ETFs launched the first leveraged MSTR ETF in August. Competitors REX Shares and Tuttle Capital Management launched higher-leverage products in September, initiating what Bloomberg ETF analyst Eric Balchunas calls a "hot sauce arms race."

MicroStrategy was originally a business intelligence company, but it transformed into a de facto cryptocurrency hedge fund after founder Michael Saylor began using the company's balance sheet to purchase Bitcoin in 2020.

(Source Link)

Related tags

MicroStrategy leveraged ETF asset size

ChainCatcher reminds readers to view blockchain rationally, enhance risk awareness, and be cautious of various virtual token issuances and speculations. All content on this site is solely market information or related party opinions, and does not constitute any form of investment advice. If you find sensitive information in the content, please click "Report", and we will handle it promptly.