Financial services company T-Rex Group has filed for a 2x leveraged MicroStrategy (MSTR) exchange-traded fund (ETF) in the US. This financial instrument is considered the most volatile ETF in the country. 📈🔥

The fund's primary goal is to increase the daily performance of MicroStrategy's publicly traded shares by 200%. If approved, this fund could fluctuate up to 20 times the S&P 500, making it the most volatile ETF in the U.S. market, Bloomberg Senior ETF Analyst Eric Balchunas said. This has earned this potential product the nickname “the ghost pepper of ETFs.”

On the other hand, T-Rex has also filed for six inverse Bitcoin ETFs with 1.5x-2x leverage. Founded by Michael Saylor in 1989, MicroStrategy has become the largest publicly traded holder of Bitcoin. The business intelligence company currently holds 214,400 BTC – worth $13.2 billion – on its books.