Share this article
BTC
$107,568.36
+
0.25%ETH
$2,435.33
+
0.03%USDT
$1.0002
-
0.00%XRP
$2.1831
-
0.48%BNB
$649.00
+
0.50%SOL
$150.47
+
0.90%USDC
$0.9998
+
0.00%TRX
$0.2758
+
0.68%DOGE
$0.1639
+
0.81%ADA
$0.5568
-
1.09%HYPE
$38.48
+
4.13%WBT
$47.11
-
0.42%BCH
$490.17
+
0.13%SUI
$2.8147
+
2.39%LINK
$13.28
+
0.39%LEO
$9.1247
+
0.46%AVAX
$17.90
+
0.43%XLM
$0.2374
-
0.43%TON
$2.8707
+
1.42%SHIB
$0.0₄1155
+
1.00%Sign Up
- Back to menuPrices
- Back to menuResearch
- Back to menu
- Back to menu
- Back to menu
- Back to menu
- Back to menuWebinars
MicroStrategy 2X Leveraged ETF Sees Massive Inflows In First Week Of Trading As MSTR Outperforms Bitcoin
The T-REX 2X Long MSTR Daily Target ETF (MSTU) took in $72 million in the first week of trading, according to data by Bloomberg Intelligence.
Seven days after hitting the market, the T-REX 2X Long MSTR Daily Target ETF (MSTU) has become one of the most successful new exchange-traded funds (ETFs) on the market after attracting over $72 million.
The fund, issued by REX Shares and Tuttle Capital Management, promises two times the daily performance to the stock of MicroStrategy (MSTR), the software mogul turned bitcoin strategy company, the most leverage any fund tied to MSTR gives.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
A similar fund, the Defiance Daily Target 1.75X Long MicroStrategy ETF (MSTX), promises traders returns of 175% of the daily percentage change in the share price of MSTR. MSTX went live on Aug. 15 and has so far taken in roughly $857 million, according to data from Bloomberg Intelligence senior ETF analyst Eric Balchunas, putting it in the top 8% of launches this year.
“Both have robust liquidity,” Balchunas said in a post on X. “I didn't think there was room for both (esp so quickly), it just [shows] how much 'need for speed' there is out there.”
MicroStrategy has been an attractive investment for traders looking to gain exposure to bitcoin
without directly investing in the digital asset, as shares of the company are highly correlated with the token due to MicroStrategy's holding 252,220 BTC.MicroStrategy outperforms bitcoin and tech in current market rally
Bitcoin's price has just exceeded $66,000 for the first time since July 31. At that time, MicroStrategy was priced at $168; it is now trading at almost $178, $10 a share higher. As MicroStrategy is trading higher while bitcoin effectively has been flat since then, this shows that MicroStrategy is leading the current rally.
Another development can be seen with the divergence between MicroStrategy and NVIDIA (NVDA). Both assets were in lockstep for the past month, but since Sept. 19, MicroStrategy has gone on from strength to strength while NVIDIA has flatlined. This shows that tech is not the primary driver in this rally.
Helene Braun
Helene is a New York-based markets reporter at CoinDesk, covering the latest news from Wall Street, the rise of the spot bitcoin exchange-traded funds and updates on crypto markets. She is a graduate of New York University's business and economic reporting program and has appeared on CBS News, YahooFinance and Nasdaq TradeTalks. She holds BTC and ETH.
James Van Straten
James Van Straten is a Senior Analyst at CoinDesk, specializing in Bitcoin and its interplay with the macroeconomic environment. Previously, James worked as a Research Analyst at Saidler & Co., a Swiss hedge fund, where he developed expertise in on-chain analytics. His work focuses on monitoring flows to analyze Bitcoin's role within the broader financial system.
In addition to his professional endeavors, James serves as an advisor to Coinsilium, a UK publicly traded company, where he provides guidance on their Bitcoin treasury strategy. He also holds investments in Bitcoin and Strategy (MSTR).
Top Stories
