Analysis: 2x Leveraged MSTR ETF First Day Trading Volume May Exceed $10 Million

Article is form Jinse
September 19, 2024
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Gold Finance reports that Bloomberg ETF analyst Eric Balchunas posted on X platform that the newly launched 2x leveraged MicroStrategy (MSTR) ETF had a strong first-day trading performance. The ETF traded $2 million yesterday and $6 million today, and is expected to exceed $10 million. Balchunas pointed out that only 1-2% of ETFs reach such trading volume in their initial release. The ETF rose 17%, and although there is already a more liquid 1.75x leveraged MSTR ETF in the market, the slightly higher leverage still attracted investors.

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