Crazy Application for Bitcoin Whale MicroStrategy: It Will Be 20 Times Riskier!

T-Rex Group has filed for a leveraged MicroStrategy (MSTR) exchange-traded fund (ETF).

Financial services company T-Rex Group has filed for a leveraged MicroStrategy (MSTR) exchange-traded fund in the United States. Analysts pointed out that this could be an extremely volatile product.

Senior Bloomberg ETF analyst Eric Balchunas said the fund, if approved, would expose investors to about 20 times the S&P 500's typical volatility.

Balchunas' statement included the following statements:

These are almost locked in as the most volatile ETFs ever seen in the US. ETF hot sauce will have ghost peppers.

MicroStrategy shares were up 120% since the beginning of this year and 336% compared to this time last year.