SEC Approves the First Leveraged MicroStrategy ETF – Bitcoin Magazine

The Securities and Exchange Commission has approved the launch of MSTX, the first leveraged single-stock ETF targeting MicroStrategy. The ETF will seek to deliver 175% of MicroStrategy’s stock’s daily return.

MSTX is issued by Defiance ETFs, which focuses on thematic and leveraged ETFs. According to Defiance CEO Sylvia Jablonski, the leveraged MicroStrategy ETF offers amplified exposure to Bitcoin since MicroStrategy is one of the largest corporate holders.

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