Long

Defiance

The SEC has just given the green light to a high-stakes first MicroStrategy leveraged ETF, MSTX, that’s set to shake up the market. The Defiance Daily Target 1.75X Long MSTR ETF—a fund designed to amplify returns. 
This ETF doesn’t just track MicroStrategy (MSTR), it magnifies its daily moves by 1.75 times.&nbsp;MSTX, a leveraged ETF, is issued by Defiance ETFs. It provides amplified exposure to Bitcoin through MicroStrategy, one of the largest corporate holders of Bitcoin. Defiance CEO Sylvia Jablonski highlighted that the ETF aligns with the company’s focus on thematic and leveraged investment products. 
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 HEAT WAVE: Here's a look at the most volatile ETFs in the US and how <a href="https://twitter.com/search?q=%24MSTX&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">$MSTX</a> is estimated to begin life today at the top spot. But look for this "volatility barrier" to be broken in the future as issuers look to push 'hot sauce' envelope, especially if <a href="https://twitter.com/search?q=%24MSTX&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">$MSTX</a> finds an audience. <a href="https://t.co/rQQJL3ZUL9" target="_blank">pic.twitter.com/rQQJL3ZUL9</a>— Eric Balchunas (@EricBalchunas) <a href="https://twitter.com/EricBalchunas/status/1824063900809093512?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">August 15, 2024</a>
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Well, with MicroStrategy’s annualized historical volatility at a dizzying 84.19% over the past five years, this new ETF is primed to be the most volatile in the U.S. market, according to Eric Balchunas, Bloomberg Intelligence’s ETF analyst. That’s a lot of ups and downs packed into one fund. 
Eric further <a href="https://x.com/EricBalchunas/status/1824065525355360430" target="_blank" rel="noreferrer noopener nofollow">said</a>, “While $MSTX will be most volatile in US it can’t hold a candle to $3LMI LN in Europe, which is 3x Microstrategy, it’s 90D volatility is over 350%, makes $TQQQ look like a money market fund. One of the craziest charts in ETF Land.” 
A 1.29% management fee is attached to this high-risk venture. But for those with a taste for high-octane financial adventures, the Defiance Daily Target 1.75X Long MSTR ETF offers a chance to chase larger, albeit riskier, returns. 
MicroStrategy, led by its crypto-enthusiast founder Michael Saylor, is a tech company with a penchant for buying Bitcoin using convertible debt. 
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 Also Read: <a href="https://www.cryptotimes.io/2024/08/15/we-will-not-be-launching-crypto-etfs-vanguard-group-ceo/" target="_blank" rel="noreferrer noopener">“We will not be launching crypto ETFs” — Vanguard Group CEO</a> 
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SEC Greenlights First Leveraged MicroStrategy ETF

The Crypto Times

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