Stock Track | T-Rex 2X Long MSTR Daily Target ETF (MSTU) Soars 11.80% in Pre-market on MicroStrategy's Bitcoin-Driven Rally

Stock Track11-22

The T-Rex 2X Long MSTR Daily Target ETF (MSTU) experienced a remarkable pre-market surge of 11.80% on Friday, fueled by the exceptional performance of its underlying holding, MicroStrategy Inc. (MSTR), and the company's massive Bitcoin holdings.

MicroStrategy, a leading corporate investor in Bitcoin, has witnessed a staggering 674% rally in its share price year-to-date, driven by its aggressive Bitcoin accumulation strategy and the cryptocurrency's record-breaking run in 2024. As MicroStrategy continues to reap the benefits of its Bitcoin bet, the ripple effects have amplified gains for ETFs with significant exposure to the company.

MSTU, a leveraged ETF designed to deliver twice the daily returns of MicroStrategy's stock, has capitalized on this phenomenon. With a 90.14% weighting in MSTR, MSTU's year-to-date performance has skyrocketed to 746%, amplifying the gains from MicroStrategy's Bitcoin-driven surge through its leveraged structure.

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