- Launch and Success of MSTU ETF
- Market Performance and Profitability
- Impact on MicroStrategy and Cryptocurrency Market
The recently launched T-REX 2X Long MSTR Daily Target ETF (MSTU) has shown outstanding performance, attracting significant assets and reaching record highs in the market.
Launch and Success of MSTU ETF
The T-REX 2X Long MSTR Daily Target ETF (ticker MSTU) has attracted over $82 million in assets just one week after its launch. According to Eric Balchunas, Bloomberg’s Head of ETFs, these inflows place MSTU in the top twenty of all 515 funds launched this year. The fund has outperformed the Defiance Daily Target 1.75X Long MSTR ETF, which launched in August.
Market Performance and Profitability
MSTU’s stock surged to a record high of $44 on Friday, September 27, 81% higher than its opening price, making it one of Wall Street’s best-performing assets. MSTU has also outperformed MicroStrategy’s stock, which has risen by 35% over the same period. MSTU is a leveraged ETF that aims to achieve 200% of the daily performance of MicroStrategy stock.
Impact on MicroStrategy and Cryptocurrency Market
MicroStrategy and its funds, MSTU and MSTX, are benefiting from the ongoing Bitcoin rally. Bitcoin reached $66,000 for the first time in two months, continuing the surge that began earlier this month. MicroStrategy shares often outperform Bitcoin due to the company’s substantial holdings.
The MSTU fund has shown remarkable market performance and exceeds analysts' expectations, leading to increased investor interest. The growth is expected to continue in light of current market conditions and the rising interest in Bitcoin.
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