T-Rex Group has applied to launch two ETFs, corresponding to MicroStrategy's 2x long and 2x short leveraged positions
T-Rex Group has submitted an application to launch two ETFs, taking 2x long and 2x short leveraged positions on MicroStrategy (MSTR) respectively. MSTR is known for its volatility due to its high exposure to Bitcoin. Bloomberg ETF analyst Eric Balchunas said these ETFs would be the "ghost pepper hot sauce" in the ETF world, indicating their extremely high volatility.
In addition, ETF issuers Defiance and GraniteShares have also listed products that are short on MSTR. T-Rex also applied for six leveraged inverse Bitcoin ETFs in March, with position ranges from 1.5 times to 2 times.
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