Bloomberg analyst: 2x leveraged MSTR ETF performs well on first day of trading, expected to exceed $10 million
According to the news from Mars Finance, Bloomberg ETF analyst Eric Balchunas posted on social media that the newly launched 2x leveraged MicroStrategy (MSTR) ETF had an impressive trading performance on its first day. The ETF had a trading volume of $2 million yesterday, and it has already reached $6 million today, expected to exceed $10 million. Balchunas pointed out that only 1-2% of ETFs can achieve such trading volume in the initial stage of issuance. The ETF has risen by 17%, and although the market already has a relatively liquid 1.75x leveraged MSTR ETF, the slightly higher leverage still attracted investors.
Previously, it was reported that REX Shares and Tuttle Capital launched this product on the Cboe BZX Exchange yesterday, providing investors with a 200% leveraged exposure to MSTR stocks.
