Bitcoin leverages up, the first micro-strategy leveraged ETF MSTX listed

Defiance officially launches Microstrategy ETF with 1.75x leverage, ticker symbol: MSTX, setting record trading volume and volatility on the first day.

The First Microstrategy Leveraged ETF Listed

Defiance has officially launched the Microstrategy ETF with a leverage of 1.75 times, with the code: MSTX. This is the first leveraged ETF of a single stock for MicroStrategy that has been approved for trading in the United States. Previously, Defiance, T-Rex, and Tuttle had attempted to apply for a 2x leveraged ETF, but it was delayed by the U.S. Securities and Exchange Commission (SEC)!

Microstrategy is not enough, T-Rex applies for a 2x leveraged MSTR ETF

Defiance ETF focuses on thematic and leveraged ETFs designed for traders seeking high-risk, strategic opportunities. Its ETF products include funds targeting blockchain, artificial intelligence, machine learning, and quantum computing.

Record Trading Volume and Volatility

According to a tweet by Bloomberg's ETF analyst Eric Balchunas, the trading volume of MSTX reached $22 million yesterday, which may have broken the first-day record for leveraged ETFs.

He also calculated the most volatile ETFs in the U.S., showing that MSTX took the top spot on the first day. The second was AdvisorShares' Pure U.S. Cannabis Actively Managed ETF, followed by positive and inverse leveraged ETFs based on Coinbase, Tesla, and Nvidia. Just the 2x Nvidia ETF alone has $5 billion in assets under management.

Balchunas also expects this "volatility" to be broken in the future as issuers continue to push the limits, especially if MSTX finds its audience.

Microstrategy Outperforms Bitcoin

Bitcoin development company MicroStrategy has been steadily increasing its holdings of Bitcoin since 2020 using the company's cash flow, issuing new stocks, and bonds. Its total Bitcoin holdings amount to 226,500, ranking first among all publicly traded companies. As Bitcoin gains more attention due to the listing of spot ETFs, its strategy of holding Bitcoin as a strategic reserve has also sparked interest from many companies, including Japan's lodging company Metaplanet, U.S. health tech company Semler Scientific, and mining company Marathon.

Companies Revived by Bitcoin! Metaplanet and Semler Scientific's Rebirth

Mining company Marathon announced a HODL strategy, purchasing an additional 100 million worth of Bitcoin and issuing convertible bonds.

MicroStrategy's stock price has risen by 90% so far this year and has executed a 10-to-1 stock split. Its increase has outperformed Bitcoin.