Reported about 1 year ago
T-Rex Group has filed for new ETFs that will take a leveraged long or short position in Microstrategy (MSTR), known for its volatility due to heavy exposure to bitcoin. The T-Rex 2X Long MSTR Daily Target ETF aims to achieve 200% of MicroStrategy's daily performance, and T-Rex also filed for an ETF with a 2x inverted position in MSTR. These ETFs are expected to be extremely volatile, with Bloomberg ETF analyst Eric Balchunas comparing them to the 'ghost pepper of ETF hot sauce' and predicting around 20x the volatility of the SPX.
Source: YAHOO