Bitcoin Weakness Slams Strategy — These ETFs Took Double The Hit
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Bitcoin's recent weakness has severely impacted leveraged ETFs linked to Strategy Inc. (NASDAQ: MSTR), which saw a 15% drop in shares after the company sold shares to fund Bitcoin purchases. The Defiance Leveraged Long + Income MSTR ETF (NASDAQ: MST) fell 29%, while the T-Rex 2X Long MSTR Daily Target ETF (BATS: MSTU) dropped nearly 30%. The decline reflects the volatility of crypto-paired equities, with broader crypto market weakness contributing to the selloff. Concerns over dilution from new stock offerings further unsettled investors, highlighting the risks of leveraged ETFs in bear markets.
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