SEC approves first leveraged MicroStrategy ETF
The SEC has approved the launch of MSTX, the first leveraged ETF for MicroStrategy.
JinseFinanceThe SEC has approved the launch of MSTX, the first leveraged ETF for MicroStrategy.
JinseFinanceDefiance ETFs launches MSTX, the first U.S. leveraged ETF focusing on MicroStrategy, aiming to provide amplified exposure to Bitcoin. The ETF is expected to attract significant interest due to MicroStrategy’s strong performance and substantial Bitcoin holdings.
HafizAdam Back opposes Defiance 2X Short MSTR ETF, citing its potential negative impact due to high Bitcoin correlation. Back warns against risks in volatile trading environment and expresses doubts about effectiveness.
Xu LinGolden Finance launches the 2256th issue of the cryptocurrency and blockchain industry morning report "Golden Morning 8:00" to provide you with the latest and fastest digital currency and blockchain industry news.
JinseFinanceVanguard rejects Bitcoin ETFs, citing the cryptocurrency's immaturity and misalignment with its investment philosophy. Despite industry divergence, the firm stands firm on its traditional, long-term-focused investment strategy, sparking reactions and potential future shifts.
BerniceTD Cowen analysts say MicroStrategy stock’s premium over BTC will compress but not disappear as spot Bitcoin funds come online.
JinseFinanceVanguard's substantial 8.24% stake in MicroStrategy provides indirect exposure to Bitcoin despite their cautious approach to the cryptocurrency market. This connection raises questions about the potential impact of Bitcoin price fluctuations on Vanguard's mutual funds and MSTR shares, offering clients an indirect route into cryptocurrency investment. As the crypto landscape evolves, the emergence of new Bitcoin-related products is anticipated, with the industry closely watching Vanguard's response.
Cheng YuanVanguard's decision to limit Bitcoin ETF access sparks discontent. Rumors circulate about a potential reconsideration, as investors reportedly transfer assets to Fidelity, expressing dissatisfaction with Vanguard's perceived Bitcoin stance.
Huang BoMicroStrategy's Michael Saylor strategically sold shares ahead of the Bitcoin ETF launch, following a pre-existing plan. This surprising move, the first in 12 years, added $20 million to his portfolio. Concerns over stock decline and ETF impact arise as the company, known for its substantial Bitcoin holdings, faces the evolving cryptocurrency market surge.
BerniceSpot Bitcoin ETFs were reportedly unavailable for purchase on the brokerage platforms of Citi, Merill Lynch, Edward Jones, and UBS.
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