The Securities and Exchange Commission has approved the launch of MSTX, the first leveraged single-stock ETF targeting MicroStrategy. The ETF will seek to deliver 175% of MicroStrategy’s stock’s daily return.
JUST IN: 🇺🇸 SEC approves the first leverage long MicroStrategy ETF. pic.twitter.com/9NYrLh81sD
— Bitcoin Magazine (@BitcoinMagazine) August 15, 2024
MSTX is issued by Defiance ETFs, which focuses on thematic and leveraged ETFs. According to Defiance CEO Sylvia Jablonski, the leveraged MicroStrategy ETF offers amplified exposure to Bitcoin since MicroStrategy is one of the largest corporate holders.
As of Q2 2024, MicroStrategy held about 226,500 Bitcoin on its balance sheet. The company took on debt to acquire most of its Bitcoin, making the stock a leveraged Bitcoin play in itself.
Jablonski said, „Given MicroStrategy’s inherent higher beta compared to bitcoin, MSTX offers a unique opportunity for investors to maximize their leverage exposure to the Bitcoin m
We współpracy z: https://bitcoinmagazine.com/business/sec-approves-the-first-leveraged-microstrategy-etf
