The newly launched MicroStrategy ETF ($MSTX) has had an incredible rise, gaining $127 million in assets in just six days of inception. Investor interest in this ETF, which offers 1.75x leverage on MicroStrategy’s shares (MSTR), has grown considerably in a short period of time.
Strong grassroots interest is evident in the quick speed of asset accumulation, which reflects confidence in leveraged exposure to MicroStrategy’s underlying assets.
The ETF’s appeal in the market is evident from the significant increase in assets. Given the size of the accumulation in such a short period of time, $MSTX has identified a small but very interested segment of investors.
The focus on leveraging leverage to provide amplified returns has probably drawn individuals seeking more potential gains irrespective of increased risk.
Apart from its impressive increase in assets, $MSTX…
