Breaking News: Financial Services Company T-Rex Group Files for 2x Leveraged MicroStrategy ETF ๐
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 โT-Rex 2X Long MSTR Daily Target ETF,โ 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 ๐
- The filing submitted to the Securities and Exchange Commissionโs EDGAR platform unveils the objective of the fund, which, if approved, could bring about unprecedented levels of volatility.
- Bloombergโs 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 โghost pepper of ETFs.โ
Comparing Volatility Levels ๐
- 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.
โT-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.โ
MicroStrategy: Bitcoin Pioneer ๐ฐ
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? ๐จ
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 โghost pepper of ETFsโ on the horizon, the financial landscape may be in for a wild ride.
Owen Patter is a distinguished crypto analyst, accomplished researcher, and skilled editor, leaving a notable imprint on the cryptocurrency landscape. As a proficient crypto analyst and researcher, Owen delves into the intricate realms of digital assets, offering insights that resonate with a diverse audience. His analytical acuity is harmoniously paired with adept editorial skills, allowing him to transform complex crypto information into easily comprehensible content. Owen’s contributions serve as a valuable guide for both seasoned enthusiasts and newcomers, aiding them in navigating the dynamic world of cryptocurrencies with well-researched perspectives. With a meticulous commitment to precision, he empowers informed decision-making in the ever-evolving crypto domain.
