Stock Track | Leveraged Crypto ETF MSTU Soars on Trump Election Victory

Stock Track

2024-11-08

The T-REX 2X Long MSTR Daily Target ETF (MSTU) surged 17.96% on Wednesday, November 7, 2024, riding the wave of a broader market rally sparked by Republican Donald Trump's historic victory in the 2024 U.S. presidential election.

MSTU, a leveraged exchange-traded fund (ETF) that aims to provide twice the daily returns of MicroStrategy's stock (MSTR), benefited from investors' optimism about potential pro-growth, pro-deregulation, and pro-market policies under a Trump administration.

Trump's victory unleashed a massive rally in U.S. stocks, with the Dow Jones Industrial Average posting its best post-Election Day performance, jumping 3.5%. The tech-heavy Nasdaq Composite Index rose 2.9%, and the S&P 500 saw its best post-Election Day in history, climbing 2.5%.

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