According to TechFlow, on September 19, Bloomberg ETF analyst Eric Balchunas posted on social media that the newly launched 2x leveraged MicroStrategy (MSTR) ETF had a strong first-day trading performance. The ETF had a trading volume of $2 million yesterday, and it has reached $6 million today, and is expected to exceed $10 million. Balchunas pointed out that only 1-2% of ETFs can achieve such trading volume in the early stages of issuance. The ETF rose 17%, and although there is already a more liquid 1.75x leveraged MSTR ETF in the market, the slightly higher leverage ratio still attracted investors.
Earlier news, REX Shares and Tuttle Capital launched the product on the Cboe BZX exchange yesterday, providing investors with 200% leveraged exposure to MSTR shares.
