The Defiance Daily Target 2X Long MSTR ETF (MSTX) soared 8.23% in the pre-market trading session on Tuesday, driven by a rebound in MicroStrategy (MSTR), the underlying stock that the leveraged ETF is designed to track.
According to reports, MicroStrategy (MSTR), the world's largest corporate holder of Bitcoin, rose 3.3% in pre-market trading. This recovery came after MSTR shares fell 8.2% the previous day, following a disclosure that the company's weekly purchases of the cryptocurrency had declined from the prior week.
The MSTX ETF, which aims to provide twice the daily returns of MicroStrategy, amplified the underlying stock's pre-market gains, leading to the significant soar in its price. The ETF's leveraged exposure to MicroStrategy's movements highlights the impact that the company's Bitcoin investments and related news can have on the volatility of the MSTX ETF.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。