ETF issuer Defiance ETFs has amped up leverage for its MicroStrategy ETF to 2X, according to a recent announcement.
According to ETF analyst Eric Balchunas, this means that the ETF will be able to offer 4x Bitcoin exposure.
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Sylvia Jablonski, CEO of Defiance ETFs, has stated that the company recognized the "importance" of providing increased leverage in response to growing investor demand.
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As reported by U.Today, T-Rex's MicroStrategy ETF also offers 2X leverage.
The shares of MicroStrategy (MSTR) are up more than 20% over the past five days alone.
In the meantime, the price of Bitcoin came awfully close to reclaiming its previous all-time high on Tuesday.
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