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T-Rex Group Files for 2x Long, Inverse Microstrategy ETF

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T-Rex Group has filed for brand new ETFs that take a leveraged lengthy or brief place in Microstrategy (MSTR).

MSTR is understood for its volatility given its heavy publicity to bitcoin.

T-Rex Group, the exchange-traded funds (ETFs) issuer, has filed for an ETF that may take a 2x lengthy place in bitcoin (BTC)-heavy Microstrategy (MSTR).

Based on a submitting printed on the Securities and Alternate Fee’s EDGAR platform, the T-Rex 2X Lengthy MSTR Each day Goal ETF goals to realize 200% of MicroStrategy’s day by day efficiency.

T-Rex additionally filed for an ETF that might take a 2x inverted place in MSTR. Successfully, each of those listed merchandise could be a leveraged lengthy or brief on bitcoin.

MSTR, with its heavy publicity to bitcoin, is understood for its volatility because it tracks the world’s largest digital asset. The inventory’s present implied volatility is excessive at 85.6, however trending decrease than its current common, as bitcoin’s worth stays steady.

Lately its CEO, Michael Saylor, introduced the agency would supply $500 million in convertible notes to spice up its bitcoin holdings.

Bloomberg ETF analyst Eric Balchunas wrote on X that these ETFs could be a “near-lock to be essentially the most unstable ETFs ever seen within the U.S, with 20x the volatility of the SPX.”

They would be the “ghost pepper of ETF sizzling sauce”, he mentioned.

ETF issuers Defiance and GraniteShares have additionally listed merchandise that take a brief place in MSTR.

T-Rex additionally filed for six leveraged inverse bitcoin ETFs in March, with positions starting from 1.5x-2x.

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