TechFlow news, on September 19, Bloomberg ETF analyst Eric Balchunas posted on social media that the newly launched 2x leveraged MicroStrategy (MSTR) ETF had an outstanding first day of trading. The ETF recorded $2 million in trading volume yesterday and reached $6 million today, with expectations to exceed $10 million. Balchunas noted that only 1-2% of ETFs achieve such trading volume during initial launch. The ETF rose 17%, attracting investor interest despite the existence of another highly liquid 1.75x leveraged MSTR ETF, thanks to its slightly higher leverage.
Previous report, REX Shares and Tuttle Capital launched the product yesterday on the Cboe BZX Exchange, providing investors with 200% leveraged exposure to MSTR stock.
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