- Seven days after its launch, the T-REX 2X Long MSTR Daily Target ETF (MSTU) has raised more than $72 million, becoming one of the most successful new ETFs.
- The fund, launched by REX Shares and Tuttle Capital Management, promises to double the daily returns of MicroStrategy (MSTR) shares.
- A similar fund, the Defiance Daily Target 1.75X Long MicroStrategy ETF (MSTX), has raised about $857 million since its launch on August 15.
- MicroStrategy is attracting investors looking for exposure to Bitcoin without investing directly in the digital asset.
- The price of Bitcoin has surpassed $66,000, and MicroStrategy shares have risen to $178, showing the company’s leading role in the current rally.