Overview

The T-REX 2X Long MSTR Daily Target ETF (MSTU) has excelled since its debut six weeks ago, showing a 235% increase, which translates to an annualized return of 57,000% according to Bloomberg's analysis.

Key Highlights

• The MSTU ETF's surge represents growing investor interest in MicroStrategy, which is closely tied to Bitcoin.
• Competing ETF, Defiance Daily Target 1.75X Long MSTR ETF (MSTX), also saw a robust return of 176% within 2.5 months.
• Following its performance, MSTX adjusted its leverage from 1.75x to 2x to match MSTU's.
• MicroStrategy's stock is set to report third-quarter earnings after U.S. markets close.

Market Insights

MicroStrategy, led by Executive Chairman Michael Saylor, has become a focal point in 2024's crypto narrative as investors look for ways to engage with Bitcoin without directly owning the asset. The company reportedly holds over 252,220 BTC. Michael Saylor's influence in the market continues to grow, paralleling a notable interest in leveraged trading strategies among investors.

Quote from Eric Balchunas:
"T-Rex's 2x Microstrategy ETF MSTU launched a mere six weeks ago and is already up 225% (annualized equivalent of 57,000%) and trades half a billion in volume..."
(Translation: T-Rex's 2x Microstrategy ETF MSTU launched just six weeks ago and has already increased by 225%, equivalent to an annualized return of 57,000% and commands half a billion in trading volume...)