According to Odaily, a recent research report by JPMorgan highlights the growing influence of MicroStrategy's leveraged ETF expansion on both the company's stock and the broader cryptocurrency market. The bank noted that these ETFs played a crucial role in the nearly 60% increase in MicroStrategy's stock price observed in November.
The report revealed that in November, the total inflow into U.S. spot Bitcoin (BTC), spot Ethereum (ETH), and leveraged MicroStrategy ETFs reached an unprecedented $11 billion. Notably, the leveraged MicroStrategy ETF accounted for $3.4 billion of this total, representing almost one-third of the inflows. Analysts, led by Nikolaos Panigirtzoglou, emphasized that this underscores the increasing impact of MicroStrategy's leveraged ETFs in the cryptocurrency market by facilitating the company's Bitcoin acquisition strategy.
