BTC Its unbelievable 🚨🤝🏻
According to Cointelegraph, leveraged Microstrategy (MSTR) exchange-traded funds (ETFs) have exceeded $400 million in net assets this week, driven by retail investors' interest in the highly volatile Bitcoin (BTC) plays. Data from Bloomberg Intelligence highlights this significant milestone.
Defiance ETFs launched the first leveraged MSTR ETF in August, followed by competitors REX Shares and Tuttle Capital Management in September, offering even more leveraged options. Bloomberg ETF analyst Eric Balchunas referred to this competitive surge as the “hot sauce arms race.” MicroStrategy, originally a business intelligence firm, transitioned into a cryptocurrency hedge fund in 2020 when founder Michael Saylor began using the company’s balance sheet to acquire Bitcoin.
MSTR and MSTU together broke $400m in net assets. Source: X
On August 1, MicroStrategy introduced a new performance metric called “Bitcoin Yield,” which measures BTC-per-share. This strategy aims to leverage the company's balance sheet to finance additional Bitcoin purchases, benefiting MSTR shareholders. On September 16, MicroStrategy announced plans to issue $700 million in debt, partly to acquire more BTC. The company may also consider lending out a portion of its Bitcoin holdings to generate yield, according to Mark Palmer, a Benchmark equity analyst.
Defiance ETFs launched the Defiance Daily Target 1.75X Long MSTR ETF (MSTX) on August 15, which aims to provide 175% long daily targeted exposure to MSTR’s performance. On September 18, REX Shares and Tuttle Capital Management jointly launched two ETFs designed to add even more leverage to MSTR’s performance: the T-REX 2X Long MSTR Daily Target ETF (MSTU) and the T-REX 2X Inverse MSTR Daily Target ETF (MSTZ), which aim for two-times leveraged long and short exposure to MSTR, respectively.
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According to Odaily, the CEO of Cantor Fitzgerald, a financial services company managing $13.2 billion in assets, shared his views on Bitcoin during an interview. He stated, 'Bitcoin should be treated like gold and oil. When you truly understand Bitcoin, it is difficult to view it in any other way.'
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$BTC

$HMSTR What happened to HMSTR ????? The Big News about HMSTR Coin it loses 20 percent stake in market !!!!
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#MarketSentimentToday
Market Crash 🚨🚨
HMSTR 20percent crash

According to BlockBeats, on September 27, Floki announced on social media that it will acquire a 40% ownership stake in GraFun, a Meme coin issuance and trading platform on the BNB Chain. This acquisition will entitle Floki to 40% of the revenue generated by GraFun's issuance platform. The move is expected to bring benefits to both FLOKI and TOKEN holders.
$FLOKI

According to BlockBeats, on September 27, blockchain and AI climate technology company Coral announced the completion of a $3 million pre-seed funding round. The company has chosen not to disclose the investors and valuation details at this time.The newly acquired funds will enable Coral to open a new office in Abu Dhabi, hire additional experts, and enhance its AI platform. Additionally, the company plans to expand its operations and improve its blockchain-based carbon emission management platform. This platform leverages blockchain technology to ensure the full lifecycle traceability of carbon credits.
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