Bloomberg Analyst: 2x Leveraged MSTR ETF May Trade Over $10 Million on First Day

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September 19, 2024
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Bloomberg ETF analyst Eric Balchunas posted on X that the newly launched 2x leveraged MicroStrategy (MSTR) ETF had a strong first day of trading. The ETF traded $2 million yesterday and has already reached $6 million today, and is expected to exceed $10 million. Balchunas pointed out that only 1-2% of ETFs achieve this level of trading volume in their early days. 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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