Two MicroStrategy (MSTR) exchange-traded funds (ETFs), MSTX and MSTU, have experienced significant gains since their launch. MSTX initially promised investors 1.75 times the daily percentage change in MSTR's share price and has gained 176% in 2.5 months. In response, the fund raised its leverage and changed its name to match MSTU's 2x leverage. MSTU, which promises investors twice the daily performance of MSTR, has generated returns of 235%. MicroStrategy, known for its exposure to bitcoin, has seen its shares triple in value this year and holds a substantial amount of BTC.



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