đ„Hot off the press! T-Rex Group, a financial services company, has filed for a 2x leveraged MicroStrategy (MSTR) exchange-traded fund (ETF) in the United States. This could potentially be the most volatile ETF in the country! đą
The main objective of this fund, named 'T-Rex 2X Long MSTR Daily Target ETF,' is to magnify the daily performance of MicroStrategy's publicly traded common stock by a whopping 200%. đ
Bloombergâs Senior ETF analyst, Eric Balchunas, suggests that if approved, this fund could demonstrate fluctuating levels up to 20 times greater than the S&P 500. This has earned it the spicy nickname of the âghost pepper of ETFs.â đ¶ïž
In comparison, the QQQ, an index tracking the top publicly traded companies in the US, appears as stable as a money market fund. đź
MicroStrategy, founded by Michael Saylor in 1989, is the largest publicly traded holder of Bitcoin, with a staggering 214,400 BTC â valued at $13.2 billion â on its books. đ
In addition, T-Rex has also filed for six leveraged inverse Bitcoin ETFs with 1.5x-2x leverage. Stay tuned for more updates on this exciting development! đ