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US SEC approves first 1.75x leveraged long MicroStrategy ETF

US SEC approves first 1.75x leveraged long MicroStrategy ETF

CointimeCointime2024/08/15 11:58
By:Cointime

US Securities and Exchange Commission (SEC) has approved the first leveraged long MicroStrategy (MSTR) ETF - Defiance Daily Target 1.75X Long MSTR ETF. This ETF seeks to achieve a leverage investment result of 1.75 times (175%) of the daily percentage change of MicroStrategy stock. The fund is actively managed and belongs to the leveraged equity ETF category, and is scheduled to officially launch on July 23, 2024, with an expense ratio of 1.29%.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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