DeFiance Capital's MSTR ETF, MSTX, to Offer 1.75x Leveraged Exposure to MicroStrategy
CryptoNewsTerminal Staff14 Aug, 2024
DeFiance Capital's MSTR ETF, MSTX, to Offer 1.75x Leveraged Exposure to MicroStrategy
DeFiance Capital, a crypto investment firm, has launched MSTX, an exchange-traded fund (ETF) that offers 1.75x leveraged exposure to the price of MicroStrategy (ticker MSTR). Initially, DeFiance Capital sought to provide 2x leverage, but faced pushback from the U.S. Securities and Exchange Commission (SEC). Despite the reduced leverage, the ETF is projected to be the most volatile ETF trading in the U.S. Bloomberg senior ETF analyst Eric Balchunas reported the launch on Twitter, noting the ETF's unique positioning in the market.
