“T-Rex’s 2x Microstrategy ETF MSTU launched a mere six weeks ago and is already up 225% (annualized equivalent of 57,000%) and trades half a billion in volume (Top 1% among ETFs),” said Eric Blachunas, a senior Bloomberg ETF analyst. “It’s so funny they’ve long had 3x MSTR ETFs in Europe but no one cares, no assets, volume. It’s the market for that amount of heat, no degens. The U.S. on the other hand, it’s ‘make it volatile and they will come.'”
Source: https://www.coindesk.com/markets/2024/10/30/degens-are-searching-for-further-leverage-on-microstrategy-and-winning-massively/?utm_medium=referral&utm_source=rss&utm_campaign=headlines