‘Maximizing Leverage Exposure To Bitcoin’: Defiance Launches First Leveraged MicroStrategy ETF

Quick Summary:

On Thursday, Defiance Investments unveiled its new long-leveraged MicroStrategy ETF (MSTX) following Wednesday’s Securities and Exchange Commission (SEC) approval.

The investment product aims to attract investors seeking long-leverage exposure to the largest cryptocurrency by market capitalization, Bitcoin (BTC).

Per the announcement, MicroStrategy’s “visionary approach to data analytics and business intelligence” has made the company emerge as a prominent player in the Bitcoin market.

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Article Details

Author / Journalist: Rubmar Garcia

Category: Crypto

Markets: Hungary

Topics: ETF expert Defiance ETFs BTCUSDT Bitcoin Crypto Market Crypto News Btc MicroStrategy bitcoin strategy MSTX MicroStrategy Eric Balchunas Mstr MicroStrategy ETF

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-16 @ 08:00:31 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 494 words

Reading Time: 3 minutes read

Sentences: 31 lines

Sentence Length: 16 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoinist

News ID: 22096974

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About Bitcoinist

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Official Website: bitcoinist.com

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News Last Updated: 9 hours ago

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