Stock Track | T-Rex 2X Long MSTU Daily Target ETF Soars 26% in Pre-Market on MicroStrategy Rally Fueled by Crypto Comments

Stock Track

03-03

The T-Rex 2X Long MSTR Daily Target ETF (MSTU) surged 26.26% in pre-market trading on Monday, driven by a significant rally in MicroStrategy's stock. The leveraged ETF, which aims to deliver twice the daily returns of MicroStrategy, benefited from the software company's 12% pre-market jump.

The catalyst for the crypto-related stock movements was former President Donald Trump's comments about establishing a "Crypto Strategic Reserve" for major cryptocurrencies like Bitcoin, Ethereum, Ripple, Solana, and Cardano. Trump's remarks, made on his social media platform Truth Social, fueled speculation that the U.S. government could adopt a more favorable stance towards digital assets.

MicroStrategy, led by Bitcoin proponent Michael Saylor, has heavily invested in Bitcoin over the past few years. As a result, the company's stock tends to be closely tied to the performance of the world's largest cryptocurrency. With Bitcoin and other major cryptocurrencies rallying on Trump's comments, MicroStrategy's share price saw a significant boost, propelling the leveraged MSTU ETF to soar in the pre-market session.

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