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SEC Approves Leveraged MicroStrategy ETF

MSTX seeks to deliver 175% of MSTR’s daily returns to investors by utilizing leverage.
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Aug 15, 2024 • 1 min read

Crypto speculators will soon be able to turbocharge their exposure to MicroStrategy stock using convenient exchange traded funds (ETFs).

What’s the Scoop?

  • New ETF: The United States Securities and Exchange Commission (SEC) has approved the launch of Defiance ETFs’ MSTX, the first leveraged single-stock index offering exposure to MicroStrategy, a tech company turned BTC accumulation vehicle.
  • Expect Volatility: MSTX seeks to deliver 175% of MSTR’s daily returns to investors by utilizing leverage. This strategy will amplify the effect of stock price swings to both the upside and downside.

Bankless Take:

While investors already have access to leveraged BTC exposure through approved futures ETF products like BITX, the approval of MSTX provides a new way for traders to bet on MicroStrategy’s Bitcoin accumulation strategy with even greater intensity.

 

Not financial or tax advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This newsletter is not tax advice. Talk to your accountant. Do your own research.

Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here.

Published in Bankless

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