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ETF issuer Defiance ETFs has amped up leverage for its MicroStrategy ETF to 2X, per a most modern announcement.
In line with ETF analyst Eric Balchunas, this means that the ETF will likely be ready to provide 4x Bitcoin exposure.
Sylvia Jablonski, CEO of Defiance ETFs, has said that the firm known the “significance” of offering elevated leverage per increasing investor interrogate.
As reported by U.This day, T-Rex’s MicroStrategy ETF also offers 2X leverage.
The shares of MicroStrategy (MSTR) are up extra than 20% over the previous 5 days on my own.
Within the meantime, the worth of Bitcoin got right here awfully shut to reclaiming its outdated all-time high on Tuesday.
