CandleFocus 2x MicroStrategy ETF Shoots 52%, Clocks $1B Trading Volume
2024-11-11
Author: Content Editor
The T-Rex 2X Long MicroStrategy Daily Target ETF (MSTU) experienced a surge of 52% and record trading volume, with over $1 billion exchanged in a single day. Senior ETF analyst Eric Balchunas noted the remarkable price movement and highlighted the broader market activity. The "Bitcoin Industrial Complex," which includes ETFs and companies like MicroStrategy and Coinbase, saw an unprecedented $38 billion in trading volume. Balchunas called for a new term to describe the event, similar to "Volmageddon." The MSTU ETF entered the list of Top 25 U.S. ETFs by Volume, and MicroStrategy added 27,200 BTC to its holdings, bringing their total Bitcoin holdings to 279,420 BTC valued at approximately $11.9 billion.
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