BTC approaches $100,000! Leveraged ETFs are hot: MSTX skyrocketed 1200% in four months! MSTZ plummeted 97%!
Bitcoin continues to hit new highs, breaking through $97,000 and approaching the $100,000 mark:
The biggest winner is undoubtedly MicroStrategy (MSTR), which has seen a maximum increase of over 35 times in this bull market!
Overnight, MSTR's market capitalization reached $100 billion, with a trading volume of $33.8 billion, ranking second globally, even surpassing Tesla's $22.5 billion.
Even hotter than MSTR is its 2x long ETF (MSTX), which has seen a maximum increase of up to 12 times in four months (calculated based on a current pre-market increase of 20%).
In contrast, the 2x short MSTR ETF (MSTZ) plummeted 20% in pre-market trading, having cumulatively dropped 97% since September.
Various issuers have provided rich leveraged ETFs for MSTR:
Long Direction
MSTU: A 2x long MSTR product launched by REX Shares, designed for bullish investors, aiming to provide 200% of MSTR's daily performance.
MSTX: Another 2x long ETF launched by REX Shares, similar to MSTU, focusing on amplifying daily returns.
MSTY: An actively managed ETF with an options income strategy, providing periodic dividend returns through covered call options, but may underperform MSTR's stock price increase due to the potential exercise of sold call options.
Short Direction
MSTZ: A 2x short MSTR ETF from REX Shares, designed for bearish investors, providing -200% of MSTR's daily performance.
SMST: An ETF offering similar inverse short functionality to MSTZ, helping investors capture opportunities from MicroStrategy's stock price decline.
Bitcoin-related concept stocks:
MSTR (MicroStrategy): The "largest Bitcoin proxy" in the U.S. stock market, holding 331,200 Bitcoins as of November 17, accounting for over 1.5% of the total Bitcoin supply;
COIN (Coinbase Global Inc.): A leading global cryptocurrency trading platform, offering trading and custody services for various digital assets;
MARA (Marathon Digital Holdings): An American digital asset technology company focused on Bitcoin mining and the blockchain ecosystem;
CLSK (CleanSpark Inc.): A company focused on Bitcoin mining and sustainable energy solutions, dedicated to optimizing energy efficiency Risk Warning:
Bitcoin concept stocks belong to assets with high volatility risk, and investment should be approached with caution.
In addition, leveraged and inverse ETFs are complex investment products, and it is crucial to fully understand the operation of these products and the associated risks before making investment decisions. Leveraged and inverse ETFs are not suitable for long-term holding, as over time, the returns of these products may suffer losses due to market fluctuations, causing the specific multiple returns relative to the relevant index to deviate or become irrelevant
The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
