Financial services firm T-Rex Group has filed for a leveraged MicroStrategy (MSTR) exchange-traded fund (ETF) in the US. One analyst called it the "ghost pepper" of ETFs due to its potential volatility. If approved, the fund would expose investors to about 20 times the S&P 500's typical volatility, Balchunas said.

MicroStrategy was founded as a software company in 1989 by current chairman Michael Saylor. Since then, it has become one of the largest public holders of Bitcoin and currently holds 214,400 Bitcoins (worth $13.2 billion).

MicroStrategy shares are up 120% since the beginning of this year and 336% since this time last year. This was also helped by Bitcoin's significant price increase over the same period.

Saylor had adopted a primarily Bitcoin-focused buying strategy in 2020 and began purchasing large amounts of Bitcoin using MicroStrategy shares.

In recent months, several companies have begun taking notes from MicroStrategy's playbook and adopted a Bitcoin-focused treasury hedging strategy. We are waiting your comments.#blockchain#bitcoin #MicroStrategy