MicroStrategy Releases US’ First Leveraged ETF
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The first Bitcoin-linked leveraged exchange-traded fund (ETF) has been introduced in the United States.
The newly launched MicroStrategy ETF (MSTX) aims to provide investors with 175% long daily targeted exposure to MicroStrategy, potentially increasing leveraged exposure to Bitcoin.
According to Defiance ETFs CEO Sylvia Jablonski, this ETF could be beneficial for investors looking to maximize their exposure to the Bitcoin market.
ETF inflows have been known to greatly impact a cryptocurrency’s price appreciation, as evidenced by Bitcoin’s surge past $50,000 in February 2021, with ETFs accounting for 75% of new investments.
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