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Leveraged MicroStrategy ETF has experienced a big dump of 81% since November.
Odaily Planet Daily News According to the news, since reaching its peak on November 20th, MSTU, a double-leveraged ETF product that tracks the stock pump of MicroStrategy (now known as Strategy), has dropped by about 81%. In the past three trading days, the ETF has fallen by about 40%, while MSTR, the stock of Strategy, has also dropped by about 20% during the same period. Leveraged ETFs perform poorly in times of large market Fluctuation. REX Shares and Tuttle Capital launched this ETF in September last year, providing investors with investment vehicles for double fluctuations of MSTR stocks. However, due to the Fluctuation in BTC price, the Strategy stock has dropped by about 15% since the beginning of the year. (Cointelegraph)