SEC Greenlights First Leveraged MicroStrategy ETF

Defiance ETFs announced the launch of MSTX, the first-ever single-stock leveraged long exchange-traded fund for MicroStrategy that has been approved for trading in the United States.

According to a recent press release, MSTX aims to provide 175% daily targeted exposure to MicroStrategy. The company’s stock has seen a 98% increase this year and is currently trading at around $136 per share after a recent stock split.

Defiance ETFs CEO Sylvia Jablonski believes that the approval of this ETF by the Securities and Exchange Commission will offer American traders the opportunity for greater leveraged exposure to Bitcoin.

She also stated that MSTX, as a long leverage MicroStrategy ETF, has the potential to enhance investors’ leverage exposure to the Bitcoin market through an ETF structure.