Financial services firm T-Rex Group has applied for a leveraged MicroStrategy (MSTR) exchange-traded fund in the U.S., described as a high-volatility option. If approved, investors could face 20 times the S&P 500's typical volatility. This move follows MicroStrategy's significant Bitcoin holdings, currently valued at $13.2 billion. CEO Michael Saylor views Bitcoin as a hedge against inflation and cash alternative. MicroStrategy's stock has surged 120% this year, driven by Bitcoin's price increase. Other companies, like Metaplanet and Semler Scientific, have also invested in Bitcoin for treasury purposes, resulting in stock price spikes. This trend indicates a growing interest in Bitcoin-focused investment strategies among businesses. The cryptocurrency market continues to evolve, with companies exploring innovative ways to incorporate digital assets into their financial portfolios. Read more AI-generated news on: https://app.chaingpt.org/news
