The ETF could offer more leveraged exposure to Bitcoin, especially for institutional investors looking to diversify their holdings.
The first Bitcoin-related leveraged exchange-traded fund (ETF) has debuted in the United States, in another significant development for institutional crypto adoption.
The new leveraged MicroStrategy ETF (MSTX) seeks to provide 175% long daily targeted exposure to MicroStrategy (MSTR).
The ETF could help offer more leveraged exposure to Bitcoin (BTC), according to Sylvia Jablonski, the CEO of Defiance ETFs, who said in an Aug. 15 announcement:
