Breaking News: Financial Services Company T-Rex Group Files for 2x Leveraged MicroStrategy ETF 🚀
A financial services company called T-Rex Group has recently filed for a 2x leveraged MicroStrategy (MSTR) exchange-traded fund (ETF) in the United States, setting the stage for potentially the most volatile ETF in the country. The fund, named ‘T-Rex 2X Long MSTR Daily Target ETF,’ aims to amplify the daily performance of MicroStrategy’s publicly traded common stock by a staggering 200%.
The Most Volatile ETF in the US Market 📈
- The filing submitted to the Securities and Exchange Commission’s EDGAR platform unveils the objective of the fund, which, if approved, could bring about unprecedented levels of volatility.
- Bloomberg’s Senior ETF analyst, Eric Balchunas, likened the potential impact of this ETF to experiencing fluctuations up to 20 times greater than the S&P 500, dubbing it the “ghost pepper of ETFs.”
Comparing Volatility Levels 📊
- Balchunas drew a comparison to a 3X leveraged MicroStrategy ETF in Europe, noting substantial fluctuations already present in the market.
- He also highlighted the stability of the QQQ index tracking top US companies, suggesting that this new ETF’s volatility would far exceed conventional measures.
“T-Rex just filed for the first-ever 2x Microstrategy $MSTR ETFs.. these are a near-lock to be the most volatile ETFs ever seen in the US, and will likely be in the neighborhood of 20x the volatility of SPX. The ghost pepper of ETF hot sauce.”
MicroStrategy: Bitcoin Pioneer 💰
MicroStrategy, founded in 1989 by Michael Saylor, has solidified its position as the largest publicly traded holder of Bitcoin, with a staggering 214,400 BTC valued at $13.2 billion in its portfolio.
Furthermore, T-Rex has also made moves in the crypto space by filing for six leveraged inverse Bitcoin ETFs with leverage ranging from 1.5x to 2x.
Hot Take: Are You Ready for the Most Volatile ETF Ever Seen? 🚨
As T-Rex Group files for a 2x leveraged MicroStrategy ETF in the US, brace yourself for potentially unprecedented levels of volatility in the market. With the “ghost pepper of ETFs” on the horizon, the financial landscape may be in for a wild ride.
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