Bloomberg ETF analyst Eric Balchunas said this will be the 'ghost pepper' of ETF hot sauce.
T-Rex Group has filed for new ETFs that take a leveraged long or short position in Microstrategy .T-Rex Group, the exchange-traded funds issuer, has filed for an ETF that will take a 2x long position in bitcoinT-Rex also filed for an ETF that would take a 2x inverted position in MSTR. Effectively, both of these listed products would be a leveraged long or short on bitcoin.
MSTR, with its heavy exposure to bitcoin, is known for its volatility as it tracks the world's largest digital asset. The stock'sBloomberg ETF analyst Eric Balchunas wrote on X that these ETFs would be a"near-lock to be the most volatile ETFs ever seen in the U.S, with 20x the volatility of the SPX."in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin.
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