**News Flash: New Leveraged MicroStrategy ETF Launched**
Defiance ETFs has introduced the Defiance Daily Target 1.75X Long MSTR ETF (MSTX), a leveraged exchange-traded fund focused on MicroStrategy (MSTR). Launched on August 15, MSTX reached $22 million in trading volume on its first day. This ETF aims to provide 175% daily exposure to MSTR stock, adding significant risk to an already volatile investment.
MicroStrategy, originally a business intelligence firm, has become a major Bitcoin holder under founder Michael Saylor. While MSTR stock has surged, leveraging it further through MSTX could amplify risks, especially given the company's substantial debt and declining software business.
For those bullish on Bitcoin, traditional spot BTC ETFs or futures might be safer bets.