TechFlow news, August 15 — According to Bitcoin Magazine, the U.S. Securities and Exchange Commission (SEC) has approved the first leveraged long MicroStrategy (MSTR) ETF — the Defiance Daily Target 1.75X Long MSTR ETF.
This fund is a leveraged equity fund designed to deliver investment results that correspond to 1.75 times the daily percentage change of MicroStrategy's stock. It employs an actively managed strategy with no currency hedging, carries an expense ratio of 1.29%, and was established on July 23, 2024.




