The Defiance Daily Target 2X Long MSTR ETF (MSTX) plummeted 10.6% in Tuesday morning trading, following an even larger drop in MicroStrategy (MSTR) stock.
The decline in MSTX, which tracks 2x the daily returns of MicroStrategy, came after President Donald Trump's inaugural address did not touch on his plans for Bitcoin. This disappointed investors who were expecting Trump to deliver on campaign promises of a "golden age" for cryptocurrency and talk of a strategic Bitcoin reserve.
MicroStrategy is one of the largest corporate holders of Bitcoin, with roughly 461,000 Bitcoins acquired for $29.3 billion as of Monday. The software company's stock fell 0.6% to $394.06 as Trump's speech and executive orders signed overnight remained silent on cryptocurrencies.
免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。