CandleFocus Leveraged MicroStrategy ETFs Are a 'Ghost Pepper' Bet on Bitcoin—And They're Booming
2024-09-27
Author: Content Editor
Two new exchange-traded funds (ETFs) linked to MicroStrategy stock have seen significant inflows and now have a combined total of over $437.6 million in assets under management. The ETFs aim to provide leveraged investment results, with one offering 1.75 times the daily percentage change in MicroStrategy stock and the other offering 2 times. These "long leverage" funds use debt to amplify their positions, which can result in both greater returns and larger losses for investors. Bloomberg ETF analyst Eric Balchunas expressed surprise at the popularity of these risky investments and described them as the "ghost pepper of ETF hot sauce" due to their expected extreme levels of volatility. MicroStrategy, a public company that has invested heavily in Bitcoin, has experienced significant stock price growth and now holds a sizable amount of Bitcoin on its balance sheet. The new ETFs provide a way for investors to gain exposure to Bitcoin through MicroStrategy stock.
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