MicroStrategy 2x Leveraged ETF (ROMI) Sees $10 Million in Daily Volume in Three Trading Days

IconCryptoNewsTerminal Staff19 Sep, 2024

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MicroStrategy 2x Leveraged ETF (ROMI) Sees $10 Million in Daily Volume in Three Trading Days

MicroStrategy Inc. (MSTR) recently launched a 2x leveraged ETF, known as ROMI, which has garnered significant attention in the market. According to Bloomberg Senior ETF Analyst Eric Balchunas, the ETF has recorded an impressive $10 million in daily volume within just three trading days of its inception. This remarkable achievement highlights the strong demand for leveraged ETFs, with ROMI outperforming the majority of new ETF products. It's worth noting that a mere 1-2% of new ETFs achieve such high volume levels, underscoring the exceptional performance of ROMI. The success of ROMI is particularly notable considering the existence of MSTX, a 1.75x leveraged ETF that already provides exposure to MicroStrategy. Despite the presence of a competing product, ROMI has managed to capture a significant market share, indicating the growing appetite for leveraged investment strategies.

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