MicroStrategy ETF ($MSTU) Surges 225%

The post MicroStrategy ETF ($MSTU) Surges 225% appeared first on Coinpedia Fintech News

With a meteoric start, MicroStrategy ETF ($MSTU) has experienced a 225% surge since its inception. As per top strategists, this is an annual equivalent of a 57K% growth rate. Following this, MicroStrategy has been highly volatile with its stock price hitting a new ATH on Monday by surpassing the $250 mark. Further, it has recorded over $500 million in daily trading volumes, resulting in it entering the top 1% of all ETFs by volume. On the other hand, its 2x leveraged ETF has also crossed $1 billion in AUM. With this, the MSTU is behaving like a “4X Bitcoin ETF” with a 30-day volatility of 168%, against the 41% of BlackRock’s “IBIT” ETF.