MicroStrategy ETF (MSTU) Enters Top 1% In Six Weeks of Launch, What’s Next?

Quick Summary:

In a remarkable performance, T-Rex’s 2x MicroStrategy ETF (MSTU) has gained a staggering 225% within just six months of the launch of the investment product.

Bloomberg ETF Strategist Eric Balchunas noted that this is an annual equivalent of a 57,000% growth rate.

Schiff drew a comparison between MicroStrategy and gold mining companies, pointing out that despite MicroStrategy “earning nothing and producing virtually nothing,” its valuation surpasses that of all gold mining companies except for Newmont.

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Article Details

Author / Journalist: Bhushan Akolkar

Category: Crypto

Markets: India

Topics: 24/7 Cryptocurrency News Bitcoin ETF MicroStrategy Bitcoin Microstrategy MSTR MicroStrategy ETF MicroStrategy share price

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-29 @ 07:47:50 (3 days ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 579 words

Reading Time: 4 minutes read

Sentences: 42 lines

Sentence Length: 14 words per sentence (average)

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

Copyright Owner: © CoinGape

News ID: 23322278

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